Forex CT 26-1-12 Video News Update & Outlook

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  • Bank of Canada Keeps Overnight Interest Rate at 1.00%

    The Bank of Canada held its target for the overnight rate at 1.00%.  The Bank noted on the Canadian economy: “Reflecting all...

  • Central Bank of Egypt Holds Rate at 9.25%

    The Central Bank of Egypt held its overnight deposit rate unchanged at 9.25%, and the overnight lending rate at 10.25% and 7-day repo...

  • General Electric Earnings Preview

    General Electric (NYSE:GE) is expected to report Q4 earnings on Friday, January 20th before the market open with a conference call scheduled for...

  • 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...

  • Biden: Obama to ramp up stimulus on Monday

    It is unclear whether they are looking for more money or are shifting spending from the “out years” into this year. Given that the economy looks like it is recovering organically (with a big assist from the Fed), the stimulus will likely come too late to help much, as...