Forex News and Rumors – Afternoon Update

Obama to Announce Plans to Deal with Record Foreclosure Levels

President Barack Obama is set to announce his proposals to address the nation’s housing crisis later next week. Foreclosures have exceeded 250,000 a month for the past ten months with 274,399 being processed in January. More

Senate to Vote Today on Stimulus Bill

The US Congress could reach a final approval on President Obama’s stimulus bill as the Senate is schedule to vote on the bill later today. More

Lloyd’s Warns of Ten-Billion Loss for HBOS

Lloyds Banking Group of London announced today that its HBOS division would record a pre-tax loss of roughly ten billion pounds ($14.5 billion USD) for 2008. Shares for the parent company fell by more than forty percent once the news became public. 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.