Forex News and Rumors – Afternoon Update
Obama Urges Congress to Pass Economic Rescue Plan President-elect Barack Obama today urged Congress ...
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Obama’s appointments are appeasing Capital Markets for now. Is Citibank to spoil the party?
Citigroup is too big to fail, or so we think. Once again the US government has come to the rescue gu...
Forex News and Rumors
Dollar Weaker on Recession Fears The dollar fell against the euro and the yen on fears that the US r...
Forex News and Rumors – Afternoon Update
US Dollar Seen as Safe Haven as Equities Continue to Lose The US dollar completed its third straight...
With Global Equities plunging once again, what financial leader is driving the bus? There is no one staying on and no faith in any driver!
Is anyone surprised that a rescue package will eventually be implemented for the US Auto industry? W...
Forex News and Rumors
Aussie Dollar Continues to Lose The Royal Bank of Australia bought nearly 2 billion USD worth of its...
Forex News and Rumors – Afternoon Update
Swiss Franc Slips on Today’s Rate Cut The Swiss franc fell to its lowest level since August 20...
Forget disinflation, Panic is coming and it’s supporting safe heaven US dollar for now.
Global equity markets continue their one way direction due to the loss of confidence with the shift ...
Forex News and Rumors
SNB Cuts Rates by 1% The Swiss National Bank (SNB) unexpectedly cut interest rates by a record 100 b...
Forex News and Rumors – Afternoon Update
Yen Rises on Speculation of Decreased Demand for Carry Trades With global equity markets floundering...
Forex News and Rumors
US Home Construction Sinks to Record Low US Commerce Department figures show that new home construct...
To Bail out or not to bail out, that is the question as GM, Ford and Chrysler wait
While the majority of investors think it’s a bad idea to bail out the Auto sector, ...
NAFTA Revisited May Now Be NAFTA Delayed
As the battle for the Democratic nomination between Hillary Clinton and Barack Obama intensified in ...
Forex News and Rumors – Afternoon Update
Dollar Gains on Euro The dollar gained 0.4 percent on the euro in mid-day trading today as stocks in...
USD recovers as Auto bailout flounders amid Investor Risk Aversion
Citigroup announced further job cuts, which would bring America’s second largest ba...
Forex News and Rumors
US Wholesale Prices Fall 2.8% US wholesale prices – as measured by the Producer Price Index &#...
Forex News and Rumors – Afternoon Update
Pound Gains on the Dollar After a string of losses against the dollar, the pound gained just over 2 ...
G20 meeting ends without any concrete answers as Japan enters recession.
Risk aversion comes to the forefront again and more than $1 trillion dollars is expected to exit eme...
Forex News and Rumors
Dollar Down in Anticipation of Disappointing Manufacturing Results Manufacturing data due this morni...
US Retail sales drop in the biggest monthly decline since 1992.
Two weeks before the biggest shopping season in the US retailers are hurting after Retail Sales drop...