Category: Forex Strategy
Investment banks being sued in America
Sep 05 2011- Alex
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Global investment banks are being sued by an American financial regulator on charges of selling securities backed by mortgages worth well over $200bn to various investors in spite of knowing that the sales would potentially lead to a loss for the investor. Overall, 17 international banks have come under fire and these include big names such as Bank of America and Barclays.
Unemployment situation worsens
Sep 05 2011- Elle
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This year’s Labor Day showed so much more about the labor and working force in America than was called for. Recent studies have shown that the labor population has lost a considerable amount of its share in the national income. From 52% 30 years ago, it has declined to 44%. All this while, the profit for an average labor wage has doubled.
USD/JPY Weekly Outlook: September 4th-9th
Sep 05 2011- Taylor
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After the release of job data by the U.S on Friday that showed no new jobs having been added last month, the U.S dollar came down uncomfortably close to the all-time low between the dollar and the yen. The unemployment rate also remained the same at 9.1 percent and speculations are rife about the Federal Reserve taking steps to stimulate the economic growth with a new Quantitative Easing plan.
A Possible QE 3 May Not Propel Stock Markets Forward; Market Looks Forward to Obama’s Address on Thursday
Sep 04 2011- Elle
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U.S jobs data released on Friday was highly disappointing with figures showing that unemployment had stagnated and was stuck at 9.1 percent with no new jobs having been added. The EURUSD initially rose at this news but failed to attain a steady rise with it falling again on grounds of underlying euro zone crisis issues.
EURO STEADIES DUE TO TALKS OF BIDS BY ASIAN SOVEREIGN PLAYERS
Sep 03 2011- Taylor
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The euro on Friday eased up after a rocky week due to information about Asian sovereign players buying the currency off. The euro’s worries are however far from over with the upcoming scenario looking bleak due to the weak economic data which was released this week. While bond sales from Spain did not garner much positive response, manufacturing data on Thursday was shown to be faltering for the first time in the past two years.