Forex News and Rumors – Afternoon Update
European banks: $283B more in writedowns The ECB estimated bank writedowns due to securities —...
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Sell, sell, sell and sell again!
Like a phoenix rising from the ashes, the ‘mighty dollar’ is one agai...
Forex News and Rumors
UK Plans for 5 Billion Pound Bond Sale The British government plans to sell up to 5 billion pounds (...
Forex News and Rumors – Afternoon Update
US Consumer Confidence Increases US Consumer Confidence rose for the forth straight month edging up ...
No love between the Fed and the US consumer!
Green shoot economics? The Fed is relying heavily on the consumer to spend us out of this recession....
Forex News and Rumors
US Foreclosures Break 321,000 in May The US foreclosure rate increased by 18 percent in May when com...
Forex News and Rumors – Afternoon Update
US Retail Sales Up 0.5% For the first time in three months, US retail sales increased by 0.5 percent...
Turkey’s Forex Reserves Increase in June
The Turkish Central Bank announced today that its foreign exchange reserves had increased from $66.3...
Questions for the day?
We are paying for higher oil-How does that help the global economy to grow? The Russians have no app...
Forex News and Rumors
New US Jobless Claims Decline to 601,000 The US Labor Department reported today that the total new c...
Forex News and Rumors – Afternoon Update
Fed Beige Book Says Recession Could Be Easing In its Beige Book update which summarizes economic con...
ECB activates swap line with Swedish CB
Earlier today the ECB published a press release of the swap line activation with Sweden’s Riks...
US Banks 2nd Q earning’s to be dismal!
Ten lenders have been approved by Geithner and Co. to pay back $68b’s worth of TARP...
Forex News and Rumors
US Trade Deficit Approaches $30 Billion The Commerce Department announced today that April’s t...
Forex News and Rumors – Afternoon Update
Ten Banks Approved to Repay Loans As expected, the Treasury Department has released the names of ten...
European Banks to follow Americans!
The IMF has reasons to be concerned. In an article in this mornings UK Telegraph, it has called on t...
Forex News and Rumors
US Gov’t to Allow Some Banks to Repay Loans The US government is expected to announce today wh...
Profit Taking, Reduced Contango Suggests Oil Prices Could Stabilize
The last three months have seen a remarkable oil rally that has doubled the price of oil from around...
Forex News and Rumors – Afternoon Update
Dollar Rises on Speculation Fed Will Increase Lending Rates The dollar matched a one-week high again...
‘An unambiguous sign of improvement’ Is it really?
The slowing pace of deterioration does not alter the fact that the US economy is weak. Construction ...