The Central Bank of the Islamic Republic of Iran is reported to have decided to raise interest rates to stabilize its gold and currency...
Iran Central Bank Reportedly Raises Interest Rates
Source: feedproxy.google.com
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Unemployment Claims Fall to Lowest in Nearly Four Years
The number of individuals seeking unemployment benefits fell last week to 352,000, the fewest since April 2008. The declining numbers added...
Eurogroup: Stimulus should be withdrawn as growth picks up
Central bankers and finance ministers in the eurozone agree that stimulus, whether monetary in the case of the ECB, or fiscal, in the case of the eurogroup, should be withdrawn as the economy recovers. The eurogroup says that it wants to see if the Latvian fiscal action is credible before releasing...
Australia June consumer confidence index +12.7% to 100.1
This is the second largest result in the history of the WestPac/MI index and the biggest rise in 22 years. The AUD/USD has popped up to .8035 from...
Tote Hose
A great German expression which literally means “dead trousers”. When applied to the FX market, tote hose means that absolutely nothing is going on. Who says that you don’t learn anything in the FX market. By the way, Die Toten Hosen is a German punk band from my old arbeitsplatz...
Nikkei flat, Kospi slightly lower on the open
The Nikkei is sitting just below 10,000 and the Kospi has opened down...