Wednesday, the Federal Reserve is expected to indicate how quickly it will push up interest rates. Ordinary Americans can expect monthly payments on home purchases to rise, selling houses they already own to get tougher, and interest rates to jump on credit cards and other consumer loans.
Wall Street is cooking up another crisis-making shoddy loans and selling worthless securities to investors hungry for higher yields than CDs and government bonds offer. Dodd-Frank banking reforms imposed very costly regulations on mortgage and commercial lending. Regional banks, which have solid knowledge of smaller businesses, could not bear these costs and sold out to [...]
The revelation that the National Security Agency is tracking every phone call each American makes, and broadly mining internet data puts President Obama at the center of yet another controversy. He and supporters in the Republican leadership, not Edward Snowden, are making themselves villains.
President Obama is failing as CEO of the U.S government. His appointment of Susan Rice to be his top national security advisor and other missteps, indicate he views the fallout from recent scandals as a political challenge, rather than a management failure. Nothing could be less true or more damaging.
It has been a rollercoaster ride for the USD/Yen in the past few days. The direction of the movement was expected but not the speed of this correction. At the time of this article, USD/Yen is trading around 99.00. I have no firm conviction on the next direction at this time, thus prefer to be [...]
The Labor Department announced the economy added 175,000 jobs in May, but that is hardly the 360,000 thousand jobs needed each month to bring unemployment down to 6 percent over the next three years. The jobless rate remained steady rose to 7.6 percent.
RBA held rate at historic low last night with bias of further easing is sending the AUD/USD lower. The over-night cash rate is standing at 2.75 percent at the moment and in the view of the RBA, the foreign exchange rate is still high despite a close to 7 percent decline in value since the [...]
Tuesday, the Commerce Department is expected to report the April deficit on international trade in goods and services was $41.2 billion, up from $24.9 billion when the economic recovery began. The Obama Administration’s ill-conceived energy policies and appeasement of China and Japan are responsible for this jump in the trade gap and the slow pace [...]
USD/Yen is fluctuating between 101.00 and 102.00 after the target at 103.50 was reached. At this time, USD/Yen is moving alongside the equities market. The uptrend line is slightly broken due to the continuation of the Japanese stocks market correction. Immediate support and resistance at this time is 100.80 and 101.40. I am looking for [...]
Markets bullish sentiment toward U.S assets and slow down in China are some of the reasons pushing the AUD/USD lower. The currencies pair had retreated from the all time high of 1.1007 back in the third quarter of 2011 to the recent low of 0.9600. The correction accelerated when AUD/USD broke the uptrend line at [...]