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MarketsTitle:
When Emerging Markets Shape the Developed World
“America is back,” said the President of all the Americans, “Anyone who tells you America is in decline or that our influence has waned, doesn’t know what they’re talking about.”
Well, Dear Reader, we’re here to tell you: America is in decline.
We can give it to you straight because we’re not running for public office. And if we were elected, we would immediately demand a recount.
Anyone who tells you America is not in decline is either running for office…or not paying attention.
In 1969, ...
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Euro, stocks gain on Greece bailout hopes
(Reuters) - The euro hit an eight-week high against the dollar on Tuesday, helping lift stocks and commodities on signs a Greek bailout agreement was near, but the rally paused after a key meeting on Greece was postponed by a day.
The euro rallied after Greece appeared to be close to terms on a 130-billion-euro bailout. A government official said Athens was drafting a list of painful reforms to clinch a new financial package, moving it a step closer to a deal that is needed to avoid a chaotic ...
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Bernanke urges Congress to address Bush tax cuts
(Reuters) - Federal Reserve Chairman Ben Bernanke on Tuesday warned Congress that putting off a decision on the fate of expiring Bush administration tax cuts could unsettle businesses and households, undercutting the U.S. economic recovery.
With presidential and congressional elections looming in November, many analysts think Congress is unlikely to act until the final months of the year. The tax cuts expire on January 1.
Bernanke told the Senate Budget Committee that lawmakers might not have ...
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Wall St edges up as Greece draws up bailout terms
(Reuters) - Stocks edged higher on Tuesday as investors awaited the outcome of discussions on a bailout package for Greece that is critical to the country avoiding a chaotic default.
Greek officials worked on the draft of a text on the 130-billion-euro bailout plan that will be put to political leaders for approval while strikers protesting against more austerity tussled with police outside parliament.
A light U.S. economic calendar this week shifted investor focus back to the euro zone. With ...
Title:
Dukascopy Afternoon Forex Overview : 07/02/2012
Fundamental Analysis
EUR
17-nation currency slipped against most of its peers before Greece's PM Papademos meets with politicians from three leading parties as officials still cannot agree on debt reduction plan. The meeting scheduled on Tuesday. Greece representatives and creditors still have to agree on EUR 600 million of fiscal measures for this year. Euro declined 0.2% to USD 1.3109 in London trade. Currently EUR/USD is trading at USD 1.3116.
USD
US President Obama ordered to freeze all ...
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Euro extends gains vs dollar
(Reuters) - The euro accelerated gains against the dollar, climbing to its highest in about eight weeks on Tuesday, boosted by expectations a Greek rescue deal will be completed.
Greek Prime Minister Lucas Papademos is expected meet with party leaders later on Tuesday to discuss a draft bailout agreement, with markets expecting an announcement about details of the loan deal after that, traders said, citing market talk.
The euro rose as high as $1.32614, its highest since December 12 on trading ...
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Gold rebounds as draft Greek deal lifts euro
(Reuters) - Gold prices bounced back into positive territory on Tuesday, paring earlier losses in line with a rallying euro after a Greek official said the government is drafting an agreement on a second bailout.
Spot gold was up 0.3 percent at $1,723.89 an ounce at 1502 GMT (10:02 a.m. EST), having earlier fallen as low as $1,709.29 an ounce, while U.S. gold futures for February delivery were up $1.70 at $1,726.60.
A Greek government official said Greece's government is preparing the text of ...
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Euro Holds Steady as Traders Await News from Greece
Euro is holding steady right now as Forex traders wait for news about what’s next for Greece. Financial markets around the world are waiting to see whether or not Greece will accept the austerity measures that are required for a bailout. If Greece accepts, 130 billion euros will be offered and the country will avoid default. If Greece refuses the austerity measures, it could mean a default — and the destabilization of the entire eurozone.
Right now, there is just enough hope that the deal will ...
Title:
Free Daily Price Action Forex Trading Strategies & System
The Forex: Gold Rises As Fed Extends Its Plan To Keep Interest Rates Low
THE FOREX
In the forex market, American dollar gained again the euro after mixed economic data. According to Commerce Department data, bookings for long-lasting goods advanced 3% after rising 4.3% the prior month, this is the biggest back-to-back gains in almost a year. Figures from the Commerce Department showed Purchases of single-family properties decreased 2.2% from the prior month to a 307,000 annual pace. Latest ...
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