EU Fiscal Treaty Rejected by David Cameron

Source: feedproxy.google.com

Following yesterdays EU Brussels summit, 25 EU member states have agreed in principal to come together on a fiscal treaty to enforce European budget discipline in a brave attempt to ward off future debt crisis.   Only 2 EU members refused to signup, the UK and Czech Republic.  In Britain the PM was quoted “my [...]


Read more...

  • EUR/JPY grinding higher

    The EUR is modestly outperforming both the AUD and the GBP so far today which is not so much of a surprise given Asia’s propensity to consolidate overnight moves rather than break new ground. EUR/JPY is up at 138.00 and with the Nikkei looking to close the week above 10,000, risk aversion is...

  • Research in Motion Earnings Preview

    Research in Motion (NASDAQ:RIMM) is scheduled to release its fourth quarter earnings after the close today.The company is expecting EPS of $0.81...

  • Bigger players sniffing around USD/JPY

    I had heard of some large bids at 97.25 in USD/JPY and that was the overnight low, seemingly confirming the chatter. The market is currently trading 97.33/35 and there is only a total of about 100 mio on the bid down to 97.21 and that is with Tokyo up and running. Maybe the rumoured bids...

  • CFTC Sees Uptick In Complaints Of Rolling Spot Contract Fraud

    In that instance, the CFTC sought to go after a defendant for retail forex fraud. The court ruled against the CFTC, however, saying the contracts being ... See all stories on this...

  • The Aussie (AUD/USD) Setup In The 1-Hour Chart

    Hello traders! My forex pick for the day is the Australian dollar versus the US dollar currency pair (AUD/USD). What I wanted to show is the...