- MarketPulse - https://www.marketpulse.com -

Forex News and Rumors – Afternoon Update

US Existing Home Sales Up 2.9%

Existing home sales in the US rose by 2.9 percent for the month of April to an annual rate of 4.66 million homes. Average prices however, fell from $201,300 in April 2008 to $170,200 in April 2009. More [1]

FDIC Identifies 305 US “Problem Banks”

So far this year, US regulators have taken over 36 financial institutions but this number could increase dramatically with today’s announcement that the Federal Deposit Insurance Corp. (FDIC) has classified 305 lending facilities as “problem” banks. More [2]

Ruble Strengthens on US Confidence and Oil Gains

Yesterday’s jump in US consumer confidence and burgeoning oil prices gave Russia’s ruble a boost today helping it gain 0.4 percent to 31.1778 rubles to one US dollar. More [3]

Oil Rises ABove $63 a Barrel

With the Organization of Petroleum Producing Countries (OPEC) set to meet later this week, oil closed above $63 a barrel for the first time in six months. More [4]

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.

Scott Boyd

Latest posts by Scott Boyd (see all [7])