ForexGen Guide: economy

Steelcase Sees 4th-Quarter Loss in Tough Economy

Mon, 22 Dec 2008 22:45:19 GMT

Steelcase predicts 4th-quarter loss, weaker-than-expected sales in tough economy Steelcase Inc. on Monday forecast a fourth-quarter loss and softer-than-expected revenue, hurt by restructuring costs and higher commodity costs for the office furniture maker.Steelcase expects a fourth-quarter loss between 4 cents and a loss of 10 cents per share, including $9 million in restructuring costs, and... [read more]

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Thu, 11 Dec 2008 01:57:04 GMT

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Wed, 03 Dec 2008 03:15:00 GMT

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ForexGen | Trading the Euro-Zone Unemployment Rate

Fri, 28 Nov 2008 16:20:20 GMT

EUR/USD: Growth prospects for the Euro-Zone is expected to weaken further as market participants forecast the unemployment rate to increase to 7.6% from 7.5% in September. Economic activity has weakened considerably throughout the second half of the year as the economy slipped into a recession in the third quarter. What’s Expected Time of release: 11/28/2008 10:00 GMT, 05:00 EST Primary... [read more]

ForexGen | Euro, British Pound Break Higher - Further Gains Likely

Wed, 26 Nov 2008 17:21:22 GMT

The euro and British pound surged higher on Tuesday, breaking above key resistance points.More specifically, EUR/USD managed to push above 1.30, a level that has prevented previous recovery attempts in recent weeks. Meanwhile, GBP/USD rallied above the 38.2% fib of 1.6671-1.4557 at 1.5361, which also provided support in the past on October 24, October 27, and November 11. The gains in the euro... [read more]