The Reserve Bank of Australia lowered its benchmark interest rate this month amid the current global risks that is stimulated by the escalating European sovereign debt crisis, where it cut the interest rate by 25 points to reach 4.25% as it considered a historic level for the nation’s lending rate. Read More The RBAs Significant [...]
Eurozone Finance Ministers meeting today and tomorrow in Brussels still appear to be divided over how to increase the EFSF lending capacity, according to leaked reports and officials’ comments. The group was able to approve the release of the next Greek aid package, but this was expected after Greek politicians Read More Eurozone Finance Ministers [...]
The ECB surprised by delivering a 0.25% interest rate cut today. A rate cut was discussed at the last Governing Council meeting and data has deteriorated in the meantime, but very few had expected that Mario Draghi would deliver a rate cut at his very first meeting as ECB president. Read More ECB Meeting Draghi [...]
The Minutes of the September 20-21, 2011 Federal Open Market Committee (FOMC) meeting provided the underlying discussion surrounding the Committee’s decision to announce further measures "to help support the economic recovery," namely the increase in the average maturity of the securities in the Fed’s portfolio (the so called ‘Operation Twist’) Read More US Highlights of [...]
Read More Gold Looks to Fed Reserve Meeting Minutes to Guide Price Action
The euro rebounded from yesterday’s drop to the eight-month low after global stocks advanced as the leaders of the Group of Twenty nations meet in Washington.(…)Read the rest of Euro Rebounds as Stocks Rises on Hopes for G-20 Meeting (53 words) Posted on Forex News. Read More Euro Rebounds as Stocks Rises on Hopes for G20 Meeting
Another currency that benefited from the meeting of the Group of Twenty nations chiefs was the Great Britain pound. The sterling reached the record low versus the yen yesterday.(…)Read the rest of GBP Advances as G-20 Meeting Improves Outlook for Global Economy (69 words) Posted on Forex News. Read More GBP Advances as G20 Meeting Improves Outlook for Global Economy
At 8:55 am EDT (1255 GMT), Redbook releases its retail sales index of department and chain store sales. In the prior period, sales rose 0.2 percent. Samsung Electronics Co (005930.KS) is considering a lawsuit to ban sales of Apple Inc’s (AAPL. … 41 Vote(s) Read More Futures gain ahead of 2day Fed meeting
The Greek Prime Minister George Papandreou unexpectedly cancelled a planned trip to the US at the last minute, citing a “critical” week ahead for his country. Read More George Papandreou cancels US trip as Ecofin meeting reveals heightened tensions
Currencies and equities around the world are gaining against the Dollar ahead of speculation that the Fed would announce QE3 measures to boost the struggling US economy and risk-appetite has been building up with the Dollar, Yen and Franc weak among the majors. Chinese manufacturing report earlier this morning saw Read More RiskAppetite Builds Up [...]
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