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Forex News and Rumors

G20 Ministers “Upbeat” as Meeting Concludes

The G20 finance ministers wrapped up their weekend meeting outside of London with a pledge to provide global expansion that, according to US Treasury Secretary Timothy Geithner was “on a scale commensurate with the severity of the problem”. The full G20 meeting will take place later in April and will build on the groundwork established by the finance ministers. More [1]

Bernanke Predicts Economy Could Begin Recovery by End of Year

Appearing on a nationally-televised news program last night, Federal Reserve [2] Chairman Ben Bernanke [3] was optimistic that despite further challenges, the US economy will “probably” break out of the recession by the end of the year. More [4]

Crude Prices Fall as OPEC Delays Further Cuts

Members of the Organization of Petroleum Exporting Countries (OPEC [5]) announced that they would delay additional output cuts for now, concentrating instead on bringing all member nations into compliance with current quota targets. Latest estimates show that actual production still exceeds daily quotas by 800,000 barrels. More [6]

Stock Futures Point to Gains

The market seems ready to extend last week’s rally as stock futures [7] point to increased share prices. More [8]

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Scott Boyd
Scott Boyd

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