Forex
« Previous EntriesRate Cut Today
Thursday, November 6th, 2008London: Interest rates cut is expected today. There’s a general concensus that the Bank of England would do this to ease the cost of borrowing in their midday announcement. How far are they willing to go?
World Markets Fall On Deal
Monday, October 6th, 2008The world’s financial market is plunged into abbyss again as Germany unleash a bad deal. With over a trillion dollars wiped off the global market today, what was the wisdom of if Mrs. Merkel? Last night the German announced her decision to guarantee over three trillion of her citizens’ Bank deposits due to Hypo Real Estate banking problems. The uncertainty and lack of clarity on the deal created further fear in the market place and thus igniting a selling frenzy.
Euro Double-Top Slides and More..
Monday, September 15th, 2008Euro slided downward on morning trades amid chaos on the US market. A rare sight from past developments in across the pond. What is responsible this aberration of market trend?
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