Forex News and Rumors

Bank of America Reports Earnings

Hard on the heels of JPMorgan Chase and Goldman Sachs reporting better-than-expected quarterly earnings, Bank of America claimed a $2.42 billion second-quarter profit. More

US Housing Starts on the Rise

Housing starts in the US rose by 3.6 percent in June to an annual rate of 582,000. More

UK Moves to Limit Bank Executive Pay

British Prime Minister Gordon Brown has won more support for a plan to limit banks to withdraw half the bonuses of top executive for the next five years. More

Fed Balance Sheet Breaks $2 Trillion

The US Federal Reserve’s balance sheet – seen as an indication of the Bank’s lending to commercial banking system – surpassed the $2 trillion mark in July. More

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