House Speaker Boehner says a deal reached
April 9, 2011 by Forex news
Filed under Market Insights
House Speaker John Boehner said a deal has been reached to keep the government open and avert the first federal shutdown in 15 years.
Related forex news :
Misery Index Points to Trouble, Just Not For Obama
April 9, 2011 by Forex news
Filed under Market Insights
The Misery Index is a simple calculation that became a political hot potato in the late 1970s and early 1980s.
By adding the unemployment rate and inflation together, the index gave policy makers a tool by which to measure economic misery and ultimately helped Jimmy Carter to the White House in 1…
Related forex news :
Madoff Seeks to Spread Blame for Fraud
April 9, 2011 by Forex news
Filed under Market Insights
Bernard Madoff has sought to spread blame for his $65 billion Ponzi scheme to banks, regulators and some of his oldest business associates in a rambling jailhouse interview.
The disgraced US financier offered little evidence for his claims and admitted he had lied to investors and relatives for a…
Related forex news :
Oil Market Conditions Portend To Further Price Rise
April 9, 2011 by Forex news
Filed under Market Insights
ight oil market conditions, fueled by the conflict in Libya, mean further increases in oil prices should be expected, Deutsche Bank analysts said Friday, while analysts at Barclays warn that such a rise would pose significant risks to emerging market economies.
An average annual oil price above $…
Related forex news :
Toxic Dollar: Why Nobody Seems to Want US Currency
April 9, 2011 by Forex news
Filed under Market Insights
Traders are warning of a dramatic change in dollar selling. They fear central banks from the Middle East may force their Asian rivals to more aggressively drive the dollar down.
Too Many Dollars
In 10 months, the Dollar Index has lost 14% because the world keeps accumulating dollars it doesn’t…
Related forex news :
Source: Budget deadline may be pushed back
April 9, 2011 by Forex news
Filed under Market Insights
Budget negotiators are working on a proposal to keep the federal government open for another three days while Democratic and Republican leaders try to put together a broader deal this weekend, a senior Democratic source told CNN late Friday.
The measure would not include any language on controver…
Related forex news :
AUD/USD – Too Good To Be True?
April 9, 2011 by Forex news
Filed under Market Insights
AUD/USD closes the week at 1.0560, breaking every record, every resistance line and also gravity on the way. There are many good reasons for a stronger Aussie. Here’s a nice list of 5 major factors. There may be even more. But there are signs that the pair is running out of air. Will we see a big…
Related forex news :
Forex week in review: April 3-8
April 8, 2011 by Forex news
Filed under Market Insights
The Market got what it wanted this week when it came to Central Bank announcements. The RBA, BoJ, BoE and ECB all remain mindful of inflation. The ECB it seems has begun its rate normalization policy by tightening +25bp. Their actions will provide greater forex directionality in the medium term for…
