Financial News
Canada PM Harper in China for trade talks
Canadian Prime Minister Stephen Harper will meet Chinese Premier Wen Jiabao on Wednesday, kicking off a four-day trip aimed at prying open more of the Chinese market for Canadian resources. During the visit Harper will also hold talks with President Hu Jintao and other top leaders that will likel… read full news Published: Wed, 08… »
ECB willing to exchange Greek bonds with EFSF
Via WSJ. This is a big deal and a surprise. They wont take any losses but we dont know yet whether they will get back precisely what they were paid or if theyll be allowed to keep some profit. Schaeuble hinted at something like this earlier but no one else seemed to pick up on… »
GBPUSD: Rallies, Set To Strengthen Further With Eyes On The 1.5929 Level.
Having ended its three-day correction and triggered a rally during Tuesday trading session, GBP is challenging its key resistance zone at the 1.5882/5 levels. A decisive break and close above here will pave the way for further strength towards its Nov 152011 high at 1.5929. Further out, the 1.6074… read full news Published: Wed, 08… »
Consumer credit surges again in December
U.S. consumers increased their debt in December by a seasonally adjusted $19.3 billion, the Federal Reserve reported Tuesday. The increase is just below November’s $20.4 billion pace which was the biggest gain in a decade. Monthly debt rose by a 9.4% pace in December, after a 9.9% pace in the prior… read full news Published:… »
Greek parliament may vote on debt swap Sunday
Greek parliament may hold vote on debt swap terms this coming Sunday according to ANSA read full news Published: Wed, 08 Feb 2012… »
How To Catch a Rising Economy
Strategists are looking for ways to trade on signs of U.S. economic renewal. Friday’s nonfarm payroll report didn’t just upend forecasts for the U.S. economy. It also sent strategists to their screens to identify the best ways to play it. With low U.S. interest rates, the dollar is just one opti… read full news Published:… »
US Dollar Index Is Breaking the 79 Support Level
The market is certainly a cruel teacher, and one of the most important lessons in trading and risk management is being able to admit you are wrong. The US dollar is proving me wrong today and has convincingly broken the 79 support level. As you can see in the below chart, the next major support…… »
Bernanke’s testimony on economy to Senate panel
Below are highlights from Federal Reserve Chairman Ben Bernanke’s testimony on Tuesday on the state of the U.S. economy to the Senate Budget Committee. Bernanke’s prepared testimony was virtually identical to testimony on Thursday to the House Budget Committee. BERNANKE ON MONEY MARKET FUNDS: … read full news Published: Wed, 08 Feb 2012… »
Greek leaders meeting postponed!
Meeting pushed back until Wednesday. You cant make this stuff upReuters has the headline, citing govt official. read full news Published: Wed, 08 Feb 2012… »
Greek rescue inches closer, still riddled with uncertainty
For two years, European officials have wrestled with Greece to try to save the country from financial ruin. Yet the closer talks get to a definitive deal, the greater the risk seems to get that negotiations might collapse once and for all. Deadlines have come and gone, as have rescue packages, b… read full news… »