November 26. U.S Durable goods order fell 6.2 percent double than expected drop of 3 percent. Commerce department also released a report indicating consumer spending also fell to the level of 2001 recession.
Monthly Archive for November, 2008
November 26. China has reduced its interest rates by 108 basis bringing it to 5.58 percent today.
November 25. Investors can safly sell dollar and buy Gold at $ 824 per ounce.
November 25. After the OECD report Investors should sell dollar against British pound $1.5100 and Swiss franc $ 1.1970 now.
November 25. U.S is economy is already in recession and near term prospects are indicating further weakness, this was stated by Organisation for Economic cooperation and Development.