The Obama administration is prepared to layout its financial regulatory reform package tomorrow. many had hoped the cumbersome alpahpet soup of Wahington relgualtory bodies would be streamlined and consolidated. Instead, turf battles have preserved all the existing, competing regulatory bodies and added an additional layer, the Consumer Financial Protection Agency. Details tomorrow.
Regulatory reform due tomorrow; more is more
Source: www.forexlive.com
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Pimco all over the wires, talking their book
El-Erian and Gross are tag-teaming, running for the cameras to tell the markets that the economy still sucks. When you are long $1 trln in bonds (that’s their job), what else would you expect. US 10-year notes are now around 3.85%, a level where Gross said he would be a buyer around a week...
Cable opens firmer in Europe
Cable is at 1.6410, up from a North American close Wednesday around 1.6350. The pairing is benefitting from a generally weaker greenback, strong risk appetite, and hope in certain quarters that the UK recession may have ended in March. On the last part, I hope they’re right, but am certainly...
Crown Forex appeals regulator bankruptcy ruling
By Martin de Sa'Pinto ZURICH, June 11 (Reuters) - Foreign exchange provider Crown Forex said it was appealing against a bankruptcy ruling by Swiss markets ... See all stories on this...
Gold Prices Continue to Rise
Gold inched higher on Tuesday after two sessions of straight losses, ahead of a major cash injection by the European Central Bank expected later this week, and a weaker dollar lent support. Gold prices climbed about 3 percent last week, as the Greece bailout deal and expectations of...
Explaining the output of Heidi trading system
This document explains typical output of Heidi -- an experimental free (payless but closed-source) ForexAutomaton hour-scale forex forecasting system or predictive...