Asian Banks Continue to Intervene on Behalf of the US Dollar
This is beginning to be a recurring trend in the foreign exchange market. Asian Banks continue to in...
European Central Bank Press Conference
The ECB has released its transcripts from the Press Conference held this morning, where Jean-Claud...
US Retail Sales Rise in September
The release was unexpected as analysts had forecasted a 2.4% decline in sales. Discount stores and V...
US Jobless claims hit 8-month low
The expected number was higher than the actual release, which was explained by a decline in new clai...
Gold Rallies to Record Highs
As the US Dollar continues to weaken, the precious metal is expected to continue to climb. Go...
Canadian Housing Starts Fall in September
The Canadian Housing numbers in August were revised upwards making the fall more steep, when in fa...
Eurozone interest rate held at 1%
The ECB kept rates unchanged at 1.00% in a decision that was expected by the majority of market pa...
ECB on hold
As expected, the ECB kept rates at a record low (+1.00%) this morning. Policy makers are weary of a ...
Predictable King-Trichet
Is it deflation or inflation we are worried about? Speculators and the masses fear inflation. Price ...
Where is your ‘double-dip’ now Roubini? Greed got us into this mess and greed is getting us out and into another bubble!
It feels like the perfect storm is brewing. Speculation that 3rd Q earnings will hit the jackpot has...
Reverse Mortgages to be Next Subprime?
The National Consumer Law Center (NCLC) said today that reverse mortgages could be the next subprime...
Asian Central Banks Step Up Forex Intervention
While no goverment has verified the claims, traders in the region suspect several Asian banks have "...
Dollar Hit by Double Whammy
Today is shaping up to be “one of those days†for the US dollar. As Dea...
NY Fed President Predicts 3% Growth
New York Federal Reserve President William Dudley said in a speech yesterday that he believes the US...