Financial News
Euro/Dollar Options Down After Greek Agreement
Euro/dollar and euro/yen options fell in Asia on Friday as hedge demand diminished following Thursday’s agreement by the main Greek political parties on austerity measures required to obtain a fresh bailout from international lenders. “We have regained stability on the news. Volatilities may fall… read full news Published: Fri, 10 Feb 2012… »
Foreclosure Deal to Spur U.S. Home Seizures
The $25 billion settlement with banks over foreclosure abuses may trigger a wave of home seizures, inflicting short-term pain on delinquent U.S. borrowers while making a long-term housing recovery more likely. Lenders slowed the pace of foreclosures as they negotiated with attorneys general in a… read full news Published: Fri, 10 Feb 2012… »
Tokyos Dinosaur Bridge Opens to Ease Traffic, Boost Economy
Tokyo (JPOPTKYO)s Dinosaur Bridge opens to vehicles this weekend after 10 years of construction as the worlds largest metropolis tackles traffic jams that slow vehicles to half of Japans average highway speed. The 2,618-meter (1.6-mile) bridge, whose nickname derives from its shape, will br… read full news Published: Fri, 10 Feb 2012… »
Noda: Will Meet With BOJ Frequently So Bank Can Take “Decisive” Policy Steps
Japan’s prime minister said Friday he will meet frequently with the head of the Bank of Japan so the central bank can take “decisive” monetary policy steps at an appropriate time. “I am in agreement with the BOJ governor that we will actively have … unofficial discussions,” Yoshihiko Noda said … read full news Published:… »
Banks Come First in a Greek Rescue Plan
It now appears that Europe is prepared to pay what it needs to pay to save its banks. But not to rescue Greece. Once again, there is optimism that a new round of European talks are going to result in an announcement of a Greek bailout. On Thursday, the Greek political parties caved in and…… »
Chinas Exports, Imports Fell in January as Surplus Surged
Chinas exports fell for the first time in more than two years in January as trade was disrupted by the weeklong Chinese New Year holiday and Europes prolonged debt crisis hurt demand. Overseas shipments declined 0.5 percent from a year earlier, the customs bureau said on its website today. Imp… read full news Published: Fri,… »
Euro crisis averted? Dont believe a word of it
Theres nothing like the long Christmas break for calming things down. Back in early December, it looked as if the euro was on its last legs. Then everyone went on holiday, and by the time they got back, seemed quite to have forgotten what they were originally panicking about. No one honestly be… read full… »
AUD/USD A Counter-trend Trade Plan As Bull Market Stalls
The AUD/USD started the week giving back last Fridays gains. However, after the RBA meeting revealed that it left rates unchanged at 4.25% instead of the expected cut to 4.00%, the market bid up the AUD/USD, pushing it beyond 1.0800. It has since found resistance just below 1.0845. The market is… read full news Published:… »
Japan Azumi: To Act on Speculative FX, Levels Not Only Factor
Finance Minister Jun Azumi said in parliamentary testimony Friday that Japan will continue countering speculative moves in the foreign exchange market, regardless of dollar/yen levels. He told the House of Representatives Budget Committee that Tokyos solo interventions last year had some im… read full news Published: Fri, 10 Feb 2012… »
InterForex Another foreign forex broker settles with the CFTC
Similar to FXOpen which settled similar case in January 2012 and unlike InstaTrade and ZTrade who didnt settle but were penalized, InterForex settled the case with CFTC for accepting US forex traders. InterForex through its lawyer Felix Shipkevich entered into a consent order and was handed a… read full news Published: Fri, 10 Feb 2012… »