Tobin Tax Faces New Hurdle And Could Be Illegal in Europe
A controversial plan to tax European stock trading has hit another hurdle, after EU lawyers said asp...
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US Economists Urge Obama To Pick Yellen For Fed
Similar to the iPhone5s announcement where everybody knew beforehand what was going to be announced ...
China Could Grow 8 Percent This Year
China bears could be in for a big letdown this year, if the latest growth upgrades for the worldR...
GBP/USD – Pound Punches Past 1.58 After Sharp Employment Data
The British pound continues to hammer away at the US dollar in Wednesday trading. GBP/USD is tr...
US Wholesale Inventories Rise Less Than Expected in July
U.S. wholesale inventories rose less than expected in July, suggesting restocking will probably not ...
European Union Head Warns About Delaying Needed Reforms
The head of the European Union’s executive has warned that the bloc must not ease off on refor...
Japanese Lawmakers Still Doubt Sales Tax Hike Strategy
Controversial plans to raise Japan’s consumption tax may be edging closer to fruition, but som...
China Factory Output Expands in August
China’s factory output expanded in August at its fastest rate this year in a new sign the worl...
China Car Sales Rise in August by 11 Percent
China’s auto sales accelerated in August as an economic recovery gained strength, an industry ...
US Employers Posted Fewer Jobs Yet Hired More
U.S. employers advertised fewer jobs in July but hired more workers, a mixed sign that suggests only...
ECB Member Expects Greece To Need One or Two Additional Bailouts
Bailed out euro zone nation Greece will need further help at least once and possibly twice more, Eur...
Bank of Japan Member Tells Lawmakers Not to Exaggerate Impact of Sales Tax Hike
Policymakers should not overreact to any blip in the economy from an expected sales tax hike next ye...
France Could Revise 2014 GDP Growth Downward
France is to trim its growth forecast for 2014 from 1.2 percent to 0.9 percent and hike its budget d...
China Premier Pledges More Reforms Calls Economy Stable
Chinese Premier Li Keqiang pledged on Wednesday to push ahead with reforms, with financial system ch...
UK Unemployment Rate Drops to 7.7 Percent Putting Pressure on BoE
The rate of unemployment in the UK dropped to 7.7% between May and July from 7.8% in the previous th...
USD/CAD – Little Movement As Syrian Crisis Eases
USD/CAD is showing very little movement in Wednesday trading. The pair continues to trade in the mid...
AUD/USD – Rangebound After Recent Gains
AUD/USD has settled down after its recent gains, as the pair trades just under the 0.93 line. The pa...
USD/JPY – Yen Under Pressure Despite Strong Japanese Data
The US dollar continues to trade above the 100 level, and has posted modest gains in Wednesday tradi...
Taper ‘Lite’ Has EUR Bulls Wanting To Rock
Capital markets are back focusing on yields, especially US yields and 10-years at that, now that the...
EUR/USD – Steady As US Job Openings Falters
EUR/USD finds itself in a very narrow range in Wednesday trading, as the pair continues to trade in...