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
Read more...
Delta Airlines, TPG Separately Reviewing Take Over Bids For AMR Corp.
The Wall Street Journal reported that Delta Airlines (NYSE:DAL) and TPG Capital are both separately reviewing takeover bids for AMR Corp.AMR,...
FOREX VIDEO | NEW YORK SESSION REVIEW | June 2, 2009
The beleaguered US dollar could find little relief during today’s London and New York sessions. London traders who took the EUR/USD bounce from daily 5 ema, then closed the trade at the M4 pivot point, had already earned a 170 pip profit as the New York session got going. Although the...
Nikkei opens up 1%, Kospi +0.7%
Regional equity markets look like they will have a good close to the week. The Nikkei is now above 10,000 and many doubters will be throwing in the...
USDCHF stays in a price channel
USDCHF stays in a falling price channel on 4-hour chart and remains in downtrend, and the bounce from 0.9932 is more likely consolidation...
Strauss-Kahn sees autumn as turning point for global economy
IMF managing director Strauss-Kahn says that the turning point for the global economy will come in September/October of this year. An early-2010 recovery is the most likely scenario, he says. Banks must rid themselves of toxic assets, he says. Failure to do so could endanger the recovery. Update:...