WASHINGTON — In a sharp reversal from their previous unwritten rule of bending over smaller community banks at every turn in favor of backing irresponsible risk taking and massive bonus schemes by the larger banks, the House Financial Committee bowed to pressure from a group of torch and pitchfork waiving citizens outside the Capitol Building [Continue]
WASHINGTON (AP) — Despite the fact that a 4 month old corpse has a more active ekg than the usd/cny chart, the Obama administration did not declare China a currency manipulator on Thursday. Treasury did go so far as to mention that it had “serious concerns” about their ability to keep a straight face if forced [Continue]
Oct. 15 (originally reported by Bloomberg) — The IRS is intensifying its hunt for secret offshore banking, opening offices in Beijing, Sydney and Panama City after more than 7,500 Americans revealed undeclared accounts in 70 countries on six continents. Internal Revenue Commissioner said yesterday Americans scared into coming forward before [Continue]
Economic data out of the U.S. September retail sales data is in for the United States, and it appears as though there has been an overall decrease. However, it is worth noting that, if auto sales are taken out of the picture, Yesterday the euro moved higher, and it appears that today will continue the rally [Continue]
Pressure remains on the US dollar but the New Zealand Dollar is actually the weakest of the major currencies right today. A EURu.s. dollar resistance line is at… forex news sourceThe US dollar is hurting however, the NZD is doing the worst among the major currencies today. The EURUSD is setting up a line of resist [Continue]
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U.S. retail sales fell 1.5% in September but were stronger than the 2.1% decline that was forecasted as sales minus autos remained firm. Americans showed… forex news source If you enjoyed this post, make sure you subscribe to my RSS feed! [Continue]
forex news source If you enjoyed this post, make sure you subscribe to my RSS feed! [Continue]
forex news source If you enjoyed this post, make sure you subscribe to my RSS feed! [Continue]
When I began my career as an analyst, I was lucky enough to have some time with a few old pros. One in particular that I will always remember told me that a kid with a ruler could make a million dollars in the markets. He was talking about trendlines…. forex news source If you enjoyed this [Continue]
