Forex News and Rumors

Vote Expected Today on Obama’s $790 Billion Stimulus Bill

Voting is expected today on President Barack Obama’s $790 billion economic stimulus bill. If passed, the bill could be ready for Obama’s signature early next week. More

Recession Gathers Strength in Europe

European economies continue to shrink with Germany – the Euro Zone’s largest economy – suffering a 2.1 percent contraction in the fourth quarter of last year while France contracted by 1.2 percent for the same period. More

Oil Prices Fall With Expected Decrease in Demand

The Organization of the Petroleum Exporting Countries (OPEC) has predicted that demand for oil will fall by 0.67 percent in 2009. Oil prices have continued to retreat with US light, sweet crude closing in New York yesterday at $33.98 a barrel. In early trading today, the price continues to fall from yesterday’s close. More

Japan’s Economy Contracted by 10% in 4th Quarter

A report by the Cabinet Office will likely show that Japan’s struggling economy contracted at an annual pace of more than 10 percent in the fourth quarter of 2008. More

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