The yen heads for its biggest weekly gain in more than a month against the dollar, on tensions in Ukraine and the Chinese economy.» Read More
When the Federal Reserve policymakers decide on interest rates Tuesday, investors will probably look one step beyond their decision, to gauge how much money will the Fed be willing to print once it is out of rate ammunition.
Gold has reached a good base of $730 and it looks likely to break out of that negative trend, Robin Griffiths, technical analyst at Cazenove Capital, told CNBC.
The dollar is teetering just below a critical level versus the euro that could send it nearly 40 percent lower, Phil Roberts, technical analyst at Barclays Capital, told CNBC.
The US dollar fell across the board Thursday on lower risk aversion among investors, helped in part by the latest monetary actions by central banks from around the world.
Bonds look more attractive than stocks in the current climate, as share prices may take another dive, and investors should worry about preserving the money they have rather than making any more, Hugh Hendry, chief investment officer and partner at Eclectica told CNBC.
As President-elect Barack Obama prepares to take office, the severity of the economic slowdown is pressuring the incoming administration to fuel infrastructure spending as a way to propel the economy. Here are some of the stocks winning from the anticipated stimulus.
The European Central Bank, Bank of England, and Sweden’s Ricksbank slashed their interest rates today in an effort to bolster access to credit while luring consumer spending.
Lousy sales, weak earnings and more layoffs reigned over Thursday, with glum news from Nokia, Viacom, Merck, AT&T, DuPont, Credit Suisse and retailers across the board. European central banks enacted big rate cuts. And Fed Chairman Ben Bernanke urged more government efforts to stanch soaring home foreclosures. But CNBC heard from experts who say that while the news will get worse through 2009, markets will periodically rally — and one strategist sees the Dow at 12,000 in 2010.
The yen is set to slip versus the dollar and euro throughout the week as the recent upswing in stock-market sentiment eases investors' fear, Max Knudsen, director of PIA - First.com, told CNBC.
The U.S. dollar rallied to a two-week high against a basket of currencies Tuesday as worries about a deteriorating global economy prompted investors to shun riskier assets and flock to the safety of the greenback.
The group of euro-member countries fell into "a serious recession in September" and economic contraction will continue through next year, pushing interest rates sharply lower, Bank of America said in a research note Tuesday.
The U.S. dollar fell against the euro Monday as news of a large economic stimulus package from China made traders more willing to take on risk.
Following rate cuts from the Fed, China and Japan last week, the Bank of England and European Central Bank slashed their key interest rates today. Central Banks from around the world are modifying their monetary policies in a coordinated effort to contain the impact of the global financial crisis.
The dollar trimmed gains against the euro Wednesday after data showed the U.S. services sector shrank more than expected in October.
The dollar fell against most major currencies Tuesday as investors await the result of the U.S. Presidential election and look toward central bank meetings later in the week.
European Union finance ministers backed on Tuesday proposals for a reform of the G8 club of major industrial nations and an end to self-regulation in global financial markets that critics say caused the credit crisis.
In these volatile conditions, the currency market is a good signal for where stocks are going, and investors should pay attention to it, Dennis Gartman, founder of the Gartman letter, told CNBC.
The European Union will not respond with a U.S.-style bailout package to the current crisis but it will probably decide to guarantee all private deposits in banks across its territory to boost citizens' confidence in financial institutions, analysts told CNBC on Tuesday.
Countries across Europe are following the move by Ireland to guarantee all its bank deposits. Should governments guarantee deposits? Vote in our poll.
For the week ending Friday, October 3, 2008, the major U.S. Indices declined steeply on continued uncertainties over the financial bailout / rescue plan, concerns in the credit markets and more economic deterioration.