How the mighty have fallen….Citibank a crumpling empire!
Bernanke said in a speech yesterday that the government may need to buy or guarantee banksââ‚Â...
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Forex News and Rumors
Deutsche Bank Issue Profit Warning Deutshe Bank – Germany’s largest commercial bank R...
Forex News and Rumors – Afternoon Update
U.S. Deficit on Track to Break $1 Trillion Industry experts say that the U.S. deficit could break $1...
Reality bites!……Skip a deeper recession, go straight to Depression?
What is actually working? One day credit is tightening, another day it’s easing. Wh...
Forex News and Rumors
U.S. Trade Deficit Falls 28.7% The U.S. trade deficit dropped by 28.7 percent for the month of Novem...
Forex News and Rumors – Afternoon Update
Morgan Stanley Bearish on Euro Morgan Stanley’s chief strategist Stephen Jen was quoted as say...
Will Trichet pull the Trigger?
When is reality going to set in? When will elected leaders truly grasp the seriousness of the situat...
Forex News and Rumors
Euro Declines on Rate Cut Speculation The euro lost ground to the dollar this morning as pressure gr...
US NFP reports 524,000 lost jobs in December, US unemployment reaches 7.2%
The total number of jobs lost in 2008 is 2.6 million. That is the most jobs lost since 1945. The une...
Forex News and Rumors – Afternoon Update
Oil Falls to Under $40 in New York With today’s confirmation that the U.S. economy is still sh...
Forex News and Rumors
U.S. Unemployment Hits 7.2 % The U.S. Labor Department announced that December’s unemployment ...
Depression beckons?
This morning’s psychologically accepted number will be -700k for NFP. Below this, the USD will...
Forex News and Rumors – Afternoon Update
U.S. Retail Sales Weak for Traditional Holiday Period Despite massive price cuts to entice shoppers ...
Non-farm Payroll to hit -1m…when?
The bets are on that Governor King will have pushed the BOE rates to new record lows this morning an...
Forex News and Rumors
Bank of England Chops Half Point The Bank of England cut interest rates by another half point to 1.5...
Forex News and Rumors – Afternoon Update
Oil Falls 12% on Higher-Than-Expected Supply Levels Oil futures for February delivery fell $5.84 in ...
An ecological disaster looming-The FED to destroy trees to print money!
Happy New Year from the Fed! Yesterday, ‘helicopter’ Ben and his fell...
Forex News and Rumors
ADP Report Shows US Lost 693,000 Jobs in December Companies in the US are shedding workers at an inc...
Forex News and Rumors – Afternoon Update
Federal Reserve Minutes Reveal Rate Insight Minutes of the most recent US Federal Reserve Meeting su...
Death of the Celtic Tiger
Ireland is no stranger to hard times. From the potato famine to the “troublesâââ€...