President Barack Obama’s $787 billion stimulus program will fall short of its jobs target, ING Financial Markets economist Rob Carnell said after a tour through the middle of the country.
On “a...
The 1.4825 level is an extremely strong support area as that level has been tested five times in recent weeks. The 1.5000 level is a strong resistance that has been tested several times.
Which...
Over the last few months, the New Zealand Dollar and Australian Dollar have largely moved in tandem (see chart below). When the Reserve Bank of Australia raised its benchmark interest rate earlier...
On light momentum, the currency market traded in a split fashion in Wednesday trade, with the euro and the swissy posting gains, while the other major currencies declined against the dollar. This...
U.S. shares declined in Wednesday trade after disappointing data from the technology and housing markets hit the newswires. Earlier in the day, the European cash and U.S. equity markets were trading...
TD Ameritrade Holding Corp.’s chief executive officer said buying an online brokerage is the best use of the company’s cash and that he would consider a deal with E*Trade Financial Corp. at the right...
It seems the Obama administration has just fallen in love with the same dream the rest of the world has been pursuing for decades: export your way out of recession.
But the dream runs into a...
The Federal Housing Administration, the agency that insures home purchases made with down payments as small as 3.5 percent, may create another lending crisis, Toll Brothers Inc. Chief Executive...
Dear Treasury Secretary Geithner:
I noticed you recently told the Japanese press that you intended to maintain a strong dollar, and that the Obama administration would bring the U.S. fiscal...
This week’s forex trading is quite boring – most currency pairs trade in specific range. While this trade pattern isn’t exciting, it offers opportunities to run up and down the range. Could this...
Over the last few months, the New Zealand Dollar and Australian Dollar have largely moved in tandem (see chart below). When the Reserve Bank of Australia raised its benchmark interest rate earlier...
LONDON, Nov 18 (Reuters) - Benchmark bank-to-bank dollar funding costs set another record low on Wednesday while sterling rates edged lower on the firm view central banks will keep extraordinary...
Fund managers' lust for commodities is at its greatest for at least four years, as the "nagging worry" of inflation prompts them to seek assets offering protection against price rises.
The U.S. Dollar is trading lower against all majors as overnight rallies in the stock indices and gold are once again pulling the Dollar lower and signaling renewed demand for higher risk assets.
EURGBP: Short Term Uptrend In Trouble
EURGBP: Outlook for EURGBP continues to point lower nearer term though seen strengthening strongly today. Having neutralized its short term uptrend triggered...
ICAP plc (LSE: IAP) is world’s largest inter-dealer money broker carrying out transactions for financial institutions. It is also our barometer for the Forex market volatility and volume.
ICAP...
If the Federal Reserve sticks to the pattern set after the last two recessions, interest rates will remain unchanged until 2012, a Federal Reserve official said Wednesday.
Assuming the recession...
Federal Reserve Bank of St. Louis President James Bullard said policy makers may not start to raise rates until early 2012 while facing a “too low for two long” argument that may “weigh heavily” on...
Gold hit another peak on Wednesday but stocks struggled for traction as the dollar resumed its slide.
Bullion struck a fresh peak of $1,149.15, though it later traded up 0.4 per cent at $1,145.70...
- A senior U.S. Federal Reserve official said on Wednesday the central bank may start tightening financial conditions by adjusting its extensive purchase programs, rather than by raising interest...
President Barack Obama gave his sternest warning yet about the need to contain rising US deficits, saying on Wednesday that if government debt were to pile up too much, it could lead to a double-dip...
Nov. 18 (Bloomberg) -- Builders in October unexpectedly broke ground on fewer U.S. houses as the sales outlook darkened with the looming expiration of a government tax credit and mounting...
New U.S. housing starts in October unexpectedly fell to their lowest level in six months, weighed down by a sharp decline in construction activity for both single-family and multi-family dwellings, a...
U.S. consumer prices rose a seasonally adjusted 0.3% in October as energy prices increased for the fifth time in six months to offset another rare decline in rents, the Labor Department reported.
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New construction of U.S. houses fell sharply in October to the lowest level in six months, the Commerce Department estimated Wednesday. Starts fell 10.6% in October to a seasonally adjusted 529,000...
The cost of living in the U.S. rose more than forecast in October as Americans paid more for fuel, while so-called core prices held at a pace that supports the Federal Reserve’s forecast for tame...
Builders in October unexpectedly broke ground on fewer U.S. houses as the sales outlook darkened with the looming expiration of a government tax credit and mounting joblessness.
The 11 percent...
The U.S. dollar index is down, again, and back at the 75.00 region as investors pushed European stocks higher after navigating a mixed global equity market picture overnight. The risk tolerance play...
Britain's recession will not really have ended until unemployment starts to fall, which is unlikely to be soon, Bank of England policymaker Kate Barker said in an intervew published on Wednesday.
...
Canada’s inflation rate rose above zero for the first time five months, ending the longest period of falling prices since 1953, as a drop in gasoline prices linked to a global recession ebbed.
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