Forex News and Rumors – Afternoon Update

Obama Could Face Opposition From Fellow Democrats Over Stimulus Plans

It appears that opposition is growing amongst Democratic lawmakers opposing the wide-spread economic measures proposed by President-elect Barack Obama to deal with the deep recession facing the country. With Obama pledging to move quickly once next week’s inauguration is out of the way, he may find members of his own party are amongst the first set of obstacles he will face. More

German Economy Shrinks in 4th Quarter

Rapidly declining export sales pushed Germany’s economy to shrink by nearly 2 percent in the fourth quarter of 2008. More

Nortel Files for Bankruptcy Protection

Nortel Networks Corp – North America’s largest supplier of telephone equipment – filed for bankruptcy protection in the U.S. and Canada earlier today. More

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.