Category: Forex Strategy
IMF Paints Dismal Picture of World Economy
Dec 21 2011- Mark Andrews
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The International Monetary Fund in Washington has proclaimed that the current situation of the world economy is much more dismal than anyone predicted and that growth will pick up steam only in 2012. To add on, what the IMF also said was that the global economy will grow at a meagre 4% in this financial year due to the world recovery path hitting a slump. Furthermore, it stated that the world may enter another recession if world leaders do not muster economic and political courage to restore normalcy in the global markets.
Obama talks about american economic recovery
Sep 10 2011- Matt Forenza
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In the past week, much of the talk about the economic recovery has centred on what President Obama would say in his speech to the Congress. Much was speculated as to how he would respond by way of stimuli to the ongoing job crisis prevalent in the US. Obama, in his speech to the Congress gave an extensive speech in rhetoric to start with, but also went on to some of the concrete measures he would want take with regard to economic recovery.
Super QE, or beggar-thy-neighbour
Sep 09 2011- Julie Milligan
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The Swiss National Bank has managed something rather unusual today when it managed to move the currency by as much as 7-8% in a single day. The bank made a statement wherein it set an exchange rate target of 1.20 francs per euro which it claimed was the minimum exchange rate.
Wall Street jumps as Europe debt concerns ease
Sep 08 2011- David Simmons
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Germany’s top courts have finally paved the way for German participation in the bailouts which could eventually lead to the resolution of the European debt crisis. This resulted in Wall Street adding as much as 2 percent on Wednesday, putting an end to three consecutive days of losses.
UNCTAD Report Hints at Governments to Rethink Policy
Sep 07 2011- Julie Milligan
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The United Nations Conference on Trade and Development, in a report emphasised that world economy needs to be provided with substantial amounts of stimuli in order to recuperate from the slowdown that it seems to be in currently.