http://en.redtram.com/ News on "Exchange Markets"  everywhere Copyright (c) 2008 RedTram. All rights reserved. webmaster@redtram.com (RedTram) en Sun, 12 Oct 2008 23:55:54 GMT 300 100 50 http://en.redtram.com/ http://img.en.redtram.com/rsslogo.gif 245451 | Primal Solutions, Inc http://en.redtram.com/go/162740224/top100/ 162740224 Primal Solutions, Inc. (the "Company") has been informed by Time Warner Cable Information Services (Maine) LLC ("Time Warner") that Time Warner intends to reduce to zero the number of its subscribers under the Master Agreement, as amended with th ... Sun, 12 Oct 2008 14:22:55 GMT http://en.redtram.com/go/162740224/top100/ 210095 | Canada: September Employment Numbers - WOW! http://en.redtram.com/go/162720809/top100/ 162720809 To say that this morning's jobs report far exceeded expectations would be an understatement. The 106,900 new jobs created in September was more than 10 times market expectations and the largest one-month gain since January 1976! Still, a similar sized Sun, 12 Oct 2008 11:51:16 GMT http://en.redtram.com/go/162720809/top100/ 210095 | Trust is the Problem, not Liquidity... http://en.redtram.com/go/162720717/top100/ 162720717 Earlier this week, the central banks around the world gathered and collectively decided to cut interest rates for their respective countries in order to slow a fast moving global financial meltdown. The initial reaction in the markets was one of Sun, 12 Oct 2008 11:50:41 GMT http://en.redtram.com/go/162720717/top100/ 210095 | Despite Narrowing Trade Gap, U.S. Trend Growth Shows Signs of Faltering http://en.redtram.com/go/162720713/top100/ 162720713 The U.S. trade balance improved in August broadly in line with market expectations. The trade gap narrowed to -US$59.1 billion following the prior month's -US$61.3 billion (revised from -US$62.2 billion), while the market was expecting a -US$59.0 reading. Excluding petroleum, Sun, 12 Oct 2008 11:50:39 GMT http://en.redtram.com/go/162720713/top100/ 210095 | U.S. Market Update http://en.redtram.com/go/162720709/top100/ 162720709 The currency market was reduced to a sideshow during the New York morning as panic gripped markets, driven by the vicious cycle of continuing deleveraging, margin calls and declining fundamentals. The USD/CAD broke above the 1.18 despite a "better" September Sun, 12 Oct 2008 11:50:38 GMT http://en.redtram.com/go/162720709/top100/ 210095 | Forex Fundamental Outlook http://en.redtram.com/go/162720707/top100/ 162720707 Group of Seven officials are convening in Washington, D.C. this weekend and traders should expect some strong language in their communiqué that can roil the markets at the Monday open. Eurogroup chairman Juncker declined comment on a suggestion the G7 Sun, 12 Oct 2008 11:50:37 GMT http://en.redtram.com/go/162720707/top100/ 210095 | The Implosion Continues on Friday http://en.redtram.com/go/162720535/top100/ 162720535 The panic which has enveloped global stock markets continued in N.Y. Friday as investors grew more fearful over the status of Morgan Stanley and Goldman Sachs. Morgan Stanley fell over 40% in New York on top of Thursday's 26% decline Sun, 12 Oct 2008 11:49:07 GMT http://en.redtram.com/go/162720535/top100/ 210095 | Why is the Canadian Dollar Weak? http://en.redtram.com/go/162720518/top100/ 162720518 The Canadian Dollar plunged to its lowest levels in over three years, as an outright rout in crude oil prices and broader commodity markets led to a similarly dramatic rally in the US Dollar/Canadian dollar exchange rate. The Canadian currency Sun, 12 Oct 2008 11:48:54 GMT http://en.redtram.com/go/162720518/top100/ 210095 | Dow Jones Loses for Eighth Consecutive Trading Day - Worst Streak Since September, 2001 http://en.redtram.com/go/162720506/top100/ 162720506 The US Dow Jones Industrials Average recovered from its earlier drop below the critical 8,000 mark, but the 1.49 percent daily decline was the eighth such loss in as many days - the Dow's worst streak since the aftermath of Sun, 12 Oct 2008 11:48:44 GMT http://en.redtram.com/go/162720506/top100/ 210095 | US Dollar: Will We See A Reversal Early Next Week? http://en.redtram.com/go/162720499/top100/ 162720499 Flight-to-safety triggered major gains for the US dollar on Friday, as volatility remained exceptionally high in the market. In fact, the CBOE's VIX Index surged to a record high as Moody's Investors Service said that they may cut their rating Sun, 12 Oct 2008 11:48:38 GMT http://en.redtram.com/go/162720499/top100/ 210095 | USD and JPY Gain on Worst Stock Rout since 1930s http://en.redtram.com/go/162720383/top100/ 162720383 The dollar rose against most major currencies Friday. The yen fell modestly and other key currencies cut losses after US stocks partly recovered from steep losses on hopes that the G-7 will take coordinated steps this weekend to confront the Sun, 12 Oct 2008 11:47:28 GMT http://en.redtram.com/go/162720383/top100/ 209736 | USD/CAD Weekly Outlook http://en.redtram.com/go/162714812/top100/ 162714812 USD/CAD had an extremely impressive rally last week, surging sharply to as high as 1.2129 before retreating. 1.1874 key medium term resistance and long term fibonacci level of 38.2% retracement of 1.6196 to 0.9056 at 1.1783 were both taken out. Sun, 12 Oct 2008 11:30:59 GMT http://en.redtram.com/go/162714812/top100/ 209736 | EUR/JPY Weekly Outlook http://en.redtram.com/go/162714813/top100/ 162714813 EUR/JPY's down trend from 169.96 extended further to as low as 132.24 last week, meeting mentioned 100% projection of 169.96 to 147.03 from 156.84 at 133.91. From a short term angle, further decline is still expected as long as 139.72 Sun, 12 Oct 2008 11:30:59 GMT http://en.redtram.com/go/162714813/top100/ 209736 | GBP/JPY Weekly Outlook http://en.redtram.com/go/162714814/top100/ 162714814 GBP/JPY's down trend accelerated last week to as low as 165.97, taking out long term rising trend line support decisively. From a short term angle, further decline is still expected as long as 176.39 resistance holds. Sustained break of 100% Sun, 12 Oct 2008 11:30:59 GMT http://en.redtram.com/go/162714814/top100/ 209736 | GBP/USD Weekly Outlook http://en.redtram.com/go/162714808/top100/ 162714808 GBP/USD's down trend from 2.1161 continued last week and dived to as low as 1.6786, taking out key medium term support at 1.7047 before recovering. From a short term angle, further decline is still expected as long as 1.7398 resistance Sun, 12 Oct 2008 11:30:58 GMT http://en.redtram.com/go/162714808/top100/ 209736 | USD/CHF Weekly Outlook http://en.redtram.com/go/162714809/top100/ 162714809 Last week's fall from 1.1486 to 1.1126 was deeper than we expected. Nevertheless, Friday's rally and break of 1.1341 confirmed that it's completed. More importantly, this leaves such decline in three wave corrective structure and thus reaffirm that it's just Sun, 12 Oct 2008 11:30:58 GMT http://en.redtram.com/go/162714809/top100/ 209736 | AUD/USD Weekly Outlook http://en.redtram.com/go/162714811/top100/ 162714811 AUD/USD's decline from 0.9849 accelerated even further last week and dived to as low as 0.6330, taking out 0.6773 key medium term support without hesitation. From a short term angle, initial bias remains on the downside this week as long Sun, 12 Oct 2008 11:30:58 GMT http://en.redtram.com/go/162714811/top100/ 209736 | EUR/USD Weekly Outlook http://en.redtram.com/go/162714804/top100/ 162714804 After gapping lower to 1.3443, EURUSD turned into sideway consolidation and recovered to 1.3785 before resuming the down trend and dived to as low as 1.3258. From a short term angle, further decline is still expected as long as 1.3785 Sun, 12 Oct 2008 11:30:57 GMT http://en.redtram.com/go/162714804/top100/ 209736 | USD/JPY Weekly Outlook http://en.redtram.com/go/162714806/top100/ 162714806 USD/JPY finally broke out of range last week and the fall from 110.66 accelerated to as low as 97.91. From a short term angle, further decline is still in favor as long as 101.48 resistance holds. As discussed before, the Sun, 12 Oct 2008 11:30:57 GMT http://en.redtram.com/go/162714806/top100/ 209736 | Weekly Review and Outlook: Could World Leaders Stabilize the Markets after a Historical Week? http://en.redtram.com/go/162714803/top100/ 162714803 It's a historical week where we saw wild movements in all financial markets as well as coordinated rate cut from world central banks for this first time in history. The fear of credit crisis is intensifying with Dow having a Sun, 12 Oct 2008 11:30:57 GMT http://en.redtram.com/go/162714803/top100/