More from Fed’s Fisher, says global economy still has “an awful lot of slack” and that the US Banking system has been pulled back from the brink of systemic risk. US Treasury’s Geithner has seen encouraging signs in credit conditions in recent weeks. EU’s Almunia says that EU Finmins think next quarters will show a gradual improvement in the economic situation Eur/Usd has regained its footing above 1.4000 as London dealers head for the exits. Just a warning that here in London we are expecting a tube strike tomorrow. This won’t affect this correspondent who has to travel 15 yards to work, but many trading desks in the City will be short-staffed. This may lead to choppier trading conditions.
A few more comments hit the wires
Source: www.forexlive.com
Read more...
EUR/USD Fights Back Above 5/28 Lows
By Fast Brokers - Last Thursday’s pullback on large volume was a warning sign, as we had feared. The EUR/USD has continued...
China’s Economy: Soft Landing, Hard Landing or Crash Landing?
By MoneyMorning.com.au There’s no escaping the Eurozone crisis. It even managed to keep China away from the headlines. However, in recent...
Facebook Salaries Revealed
With Facebook’s IPO, their S1 filing revealed a lot of interesting,never before known information that has been now been made public....
Automatic Forex Trading Software Explained | Work From Home
Ever since the automatic systems became common and available there has been a surge in the interest towards forex trading computer software. What was once the sole domain of banks and other such large investors, financial and otherwise, ... Work From Home -...
GBPUSD may be forming a cycle bottom at 1.5326
GBPUSD may be forming a cycle bottom at 1.5326 level on 4-hour chart. Key resistance is at 1.5597, a break above this level will confirm the...