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It’s “nonsense” to think that Britain is out of the woods, says head of the IOD
The director-general of the Institute of Directors has warned of the dangers of believing that the British economy is through the worst of the financial...
Collapsing economy creates Forex wealth
Last Fall, during a late-night Forex trading research session, one of the industry’s most respected trading educators made a discovery around day trading Forex that he shared with a limited group of traders. Now, 6 months later… the same trading educator recently re-emerged from a...
Beige Book still downbeat; Weak or worsening conditions thorough May
No green shoots to speak of in the Beige Book. Conditions weak or worsened through May Expectations improved but big gains in activity not expected through year-end Labor markets stayed weak Wages falling or flat Residential real estate still weak Retail sales soft credit improved 5 of 12...
Bearish momentum gaining in JPY crosses
What had started out as a very quiet day has turned into a bit of a rout on the JPY crosses. EUR/JPY is trading on its lows at 135.70 and dealers report lots of longs liquidating their positions. It seems there is no major news out to drive this but many see the IMF statement on Euro-zone banks as...
Retail Earnings: NWY, ROST
New York & Co. (NWY) announced that it lost $10.9 million, or 18 cents per share in the fourth quarter versus a profit of $14.9 mllion or...