Currency Markets in the News
Picture of Trade Protectionism Worth a Thousand Words
November 17, 2008
The weekend summit of the G-20 committed to a spirit of cooperation among developing and advanced economies alike. Lip service was given yet again to finishing the Doha Round of multilateral trade negotiations. These talks began seven years ago this month and have died many deaths. The role of international trade as a world economic […] More
Currency Markets in the News
G-7 Growth in the Second and Third Quarters of 2008
November 17, 2008
Market chatter early this year obsessed about a U.S. recession but did not anticipate downturns elsewhere. U.S. real GDP fell 0.3% at a seasonally adjusted annual rate (saar)in the third quarter but posted annualized growth of 1.3% between 1Q08 and 3Q08. Growth was also negative last quarter in Euroland (-0.8% saar), Japan (-0.4% saar), Germany […] More
New Overnight Developments Abroad - Daily Update
News, Noise, and Trading
November 17, 2008
Not all currency market web sites cater to the final stage of decision-making. Some dispense specific trading advice, and The Lonely Trader is a very good example of one of those. For sites like Currency Thoughts, the intent is to inform currency market traders and position takers about economic trends, policy and political developments, the […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Stocks Fall After G-20 Talks Only of Broad Objectives
November 17, 2008
Stocks fell 2.5% in Australia, 2.2% in Indonesia, 2.0% in Vietnam, 1.9% in the Philippines, 1.4% in Germany, 1.3% in France, 1.2% in Britain, 1.0% in India and 0.9% in South Korea. Exceptions to this trend were Japan (+0.7%) and China (+2.2%). Group of 20 leaders did not announce any specific coordinated policy initiatives. They […] More
