Forex News and Rumors
Vote Expected Today on Obama’s $790 Billion Stimulus Bill Voting is expected today on Presiden...
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US Retail Sales Rise Unexpectedly by 1 percent
Higher food and energy prices pushed retail sales over a 1.0% gain beating analysts expectations of ...
Forex News and Rumors – Afternoon Update
Oil Drops Below $34 a Barrel Oil prices dropped to a new low for the year closing at $33.98 a barrel...
Wall Street CEOs facing Congress declare no more bonuses are coming
The 8 CEOs of America’s largest banks faced harsh questioning by Congress regarding...
Forex News and Rumors
Agreement Reached on Stimulus Deal Senate majority leader Harry Reid announced that Congress has rea...
Forex News and Rumors – Afternoon Update
US Congress Grills Bankers The heads of America’s largest banks were questioned by members of ...
US Bank Rescue plan lacks clarity, fails at confidence.
The much anticipated unveiling of the Bank Rescue plan by Treasury Secretary Tim Geithner left the s...
Forex News and Rumors
China’s Exports Fall 17.5% Demand for China’s exports continues to decline, falling 17.5...
Charges of Protectionism Cause Worries Within the EU
Last week I wrote about the challenges that Milton Friedman predicted would lead to an eventual brea...
Obama’s Plan passes Senate as Bad Bank resurfaces
The Stimulus package put forth by the Obama administration has passed through Senate despite Republi...
Forex News and Rumors
Senate Expected to Vote Today on Economic Stimulus Bill After spending Monday selling his vision of ...
Forex News and Rumors – Afternoon Update
Ireland follows US Executive pay cap linking it to EUR 7 Billion Bank Rescue Ireland is cracking dow...
President Obama urges Stimulus package approval after weaker NFP
NFP figures were weaker than expected (nearly 600,000 jobs were lost) which prompted President Obama...
Forex News and Rumors
Yen Gains on Dollar – Delays to US Stimulus Plan Blamed Delays to a Senate vote on President O...
Forex News and Rumors – Afternoon Update
Oil Falls Below $40 a Barrel After Weak U.S. Jobs Report Light, sweet crude for March delivery fell ...
US Economy losses 598k jobs in January
The Labor Department published the Non Farm Payroll figures for January at 8:30am this morning. Anal...
USD receives a boost from Walmart and new accounting proposal
As traders and analysts alike await the NFP final figure for January, President Obama declared that ...
Forex News and Rumors
U.S. Sheds 598,000 Jobs in January The US Labor Department report released this morning shows that 5...
Forex News and Rumors – Afternoon Update
US to Unveil Financial Rescue Plan on Feb, 9th – Geithner U.S. Treasury Secretary Timothy Geit...
BOE reduces benchmark rate to 1.00%
The Bank of England has reduced interest rates to 1.00% in an effort to boost lending and encourage ...