Forex News and Rumors

Obama Expected to Nominate Bernanke for 2nd Term

President Barack Obama will take a break from his summer holiday to confirm that he will nominate Ben Bernanke for a second term as Chairman of the US Federal Reserve. The Chairman’s original four-year tenure is set to expire in January. More

Oil Prices Lower in Asia

Oil prices in Asia fell below $74 a barrel as investors fretted over weaker stock markets and the end of the summer “driving season”. Demand for gasoline typically tails off when September rolls around as classes resume in many parts of the world, marking the end of summer road trips and family vacations. More

Three-Month LIBOR Falls for Sixth Straight Day

The LIBOR rate fell for the sixth straight day according to the British Banker’s Association (BBA). More

Barclays: Gold to Rise to $1000 an Ounce by Next Month

Technical analysis conducted by chart watchers at Barclays Capital suggests that gold will rise to $1000 an ounce by next month. Gold is currently trading in the $946 an ounce range. More

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