World / E-commerce
US Dollar Hits Record Lows: What Could Stop The Bleeding?
15.07.2008 22:12
actionforex.com
The US dollar hit a record low against the Euro as risk aversion continues to seep through the global markets. Stock markets have sold off around the world on the fear that another financial market crisis could be right around the corner. Despite the Federal Reserve and US Treasury's attempts...
World
E-commerce
US Dollar: Will US Inflation Figures Spark A Rally On Wednesday?
15.07.2008 22:12
actionforex.com
EUR/USD hit a new record high on Tuesday morning of 1.6038, but subsequently backed off as the US dollar staged a recovery on the back of commentary by Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson. Looking ahead to Wednesday, the release of US CPI provides ample event...
World
E-commerce
FX Technical Commentary
15.07.2008 22:12
actionforex.com
Euro 1.5905 Initial support at 1.5866 (July 15 low) followed by 1.5841 (July 14 low). Initial resistance is now located 1.6038 (July 15 high) at followed by 1.6064 (1 month potential bull channel top).
World
E-commerce
USD Finds Support From Record Drop In Oil
15.07.2008 22:12
actionforex.com
U.S. Dollar Trading (USD) was under severe pressure most of yesterday as shares continued to slump driven by financial and energy stocks. Fed Chief Ben Bernanke commented on slowing growth and President Bush held a press conference to talk about his plans for offshore drilling with the combined effect of...
World
E-commerce
Forex Exchange Morning Report
15.07.2008 22:12
actionforex.com
The overnight session was a very whippy one with rumours and event risks driving equities, commodities and hence currencies in either direction through the day. In terms of order of events the main drivers were - soft German data early (driving a stronger USD), rumours Saudi will break its USD...
World
E-commerce
Dollar Lower As Bernanke Sees Risks Higher
15.07.2008 22:12
actionforex.com
The dollar was mostly lower in volatile trading Tuesday. The EUR/USD rose to 1.6040, a new all-time high, as investors continued to worry over the state of the US economy and financial system. Federal Reserve Chairman Ben S. Bernanke said growth and inflation risks have both increased. The euro pared...
World
E-commerce
New York Session Recap
15.07.2008 18:13
actionforex.com
The main event in the NY session was Fed Chairman Bernanke's testimony before the Senate Banking Committee. The main takeaway was the withdrawal of the statement that downside risks to the economy had diminished. Instead, Bernanke basically said that economic headwinds had intensified and that downside risks to the economy...
World
E-commerce
Google, Viacom Hammer Out Privacy Terms in YouTube Case
15.07.2008 17:17
ecommercetimes.com
Viacom and Google have agreed to keep the personal information of YouTube users private, even as Viacom gear 5b4 s up for the next stage of litigation in its copyright infringement lawsuit against Google. Google will provide user data to Viacom, but redact information that can be used to make personal identifications.
World
E-commerce
Euro Sets Fresh Record High vs Dollar, But Pares Those Gains in NY Trading
15.07.2008 17:17
actionforex.com
The Euro-Dollar pair hit a new record high during European trading, climbing above 1.60, in anticipation of testimony by Fed Chairman Bernanke. Contrary to expectations, he mainly focused on inflation though he acknowledged the downside risks to growth. In NY trading, the Dollar recovered its overnight losses, as the all...
World
E-commerce
Global Central Bank Comments: Fed, ECB
15.07.2008 17:16
actionforex.com
Federal Reserve Chairman Ben Bernanke's semiannual testimony on monetary policy to the Senate revealed increasingly bearish views on the US economy, and mounting concerns about rising inflation pressures. Overall, instability in the financial sector and looming downside risks to growth create perilous conditions for the US, and despite the threat...
World
E-commerce
FOMC: Growth Concerns Return
15.07.2008 17:16
actionforex.com
This afternoon Fed Chairman, Bernanke held the first part of his semiannual report to Congress in the Senate. Generally, the testimony was slightly softer than was expected by the market. It included no hints that the Fed is about to reverse monetary policy anytime soon. It also suggested that the...
World
E-commerce
Yen Crosses: Sizeable Corrections (Lower) Underway
15.07.2008 17:16
actionforex.com
We had been looking for "the EURJPY to exceed 169.44 near term in order to complete a small 5th wave." The pair exceeded this level early this week and at least a correction is underway now. There are still 2 counts that seem of equal probability but both suggest the...
World
E-commerce
Greenback Recovers from Record Lows
15.07.2008 17:16
actionforex.com
The major currencies whipsawed around in the Tuesday session, with the dollar sharply recovering from all-time lows against the euro to bounce back toward the 1.59-level. Heightened risk aversion benefited the yen pairs as the Japanese currency rallied considerably against the euro and sterling amid growing fears of accelerated deterioration...
World
E-commerce
Market Directions: Recession European Style
15.07.2008 17:16
actionforex.com
European leaders are nervous. Peer Steinbrueck, the German Finance minister said "we had a sensationally good first quarter, we will have a bad second quarter". The German first quarter was exceptional, 1.5% in quarter to quarter GDP growth, more than double the Eurozone rate of 0.7%. Christine Lagarde the French...
World
E-commerce
Judge: Knockoff-Tracking Not eBay's Job
15.07.2008 15:17
ecommercetimes.com
In the case of Tiffany vs. eBay, a U.S. district judge has presented the e-commerce giant with the best gift it could get in t 5b4 his litigious, digital age: a victory in a four-year-old trademark protection lawsuit. Judge Richard Sullivan of New York found that eBay's process of vetting suspected counterfeit items is sufficient and that Tiffany bears more responsibility for watching over its brand in cyberspace.
World
E-commerce
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