FOREXLEARNING

Stock futures signal losses »

NEW YORK (Reuters) – Stock index futures pointed to a lower open on Wall Street on Wednesday following the previous session’s strong rally, with futures for the S&P 500 down 0.5 percent, Dow Jones futures down 0.4 percent and Nasdaq 100 futures down 0.4 percent at 0944 GMT.

* European shares edged up, rising for the [...]

Gold takes off to the upside »

Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money [...]

Fed could emerge intact from Wall Street reform debate »

WASHINGTON (Reuters) – After suffering more than a year of abuse over its role in the financial crisis, the Federal Reserve is poised to emerge with its powers relatively intact as lawmakers finalize a sweeping overhaul of financial regulations.

Politics  |  Deals

With congressional elections looming in November, Democrats in charge of the process say the House of Representatives [...]

UK Claimant Count/Jobless Claims Change »

Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money [...]

Amid missteps, retailers eye more assortment cuts »

LAS VEGAS (Reuters) – Retailers strive for the perfect mix of products that will boost sales and keep costs down — but the experience of some, including Wal-Mart Stores Inc (WMT.N), in pruning merchandise shows that getting the recipe just right, can be tricky business.

More than 40 percent of retailers reduced the number of different [...]

EURUSD downward after Greece turns junk, ZEW survey on tap »

Market Brief
The USDJPY traded at 91.65 after it weakened to 92.12, the lowest level since June 4 as speculation the worldwide economic recovery is intact damped demand for the safety of JPY. The NZDJPY was close to a four-week high before reports today may show Empire manufacturing expanded at a faster pace to 20 (prev. [...]

Pound hit one-month high of 1.4808 »

Australian Dollar: The Australian Dollar opens sharply higher against the greenback on Wednesday at 0.8650. During local trade yesterday, the unit moved down from the long-weekend highs above US86 cents after the release of the June Reserve Bank of Australia (RBA) board meeting minutes indicated that interest rates are likely to remain on hold next [...]

Lawmakers blast oil firms’ drilling plans »

WASHINGTON (Reuters) – U.S. lawmakers blasted major oil companies on Tuesday for “virtually worthless” and “cookie cutter” plans to handle a deepwater oil disaster, with one top executive conceding the industry was ill prepared to handle big offshore spills.

Politics  |  Gulf Oil Spill

Summoned to Capitol Hill to testify along with the U.S. chief of BP, top executives [...]

Asia’s Exceptions To The Global Tightening Trend »

Now that the global recession of 2008-09 is a thing of the past, most major economic blocs are mapping their own routes to a normal monetary and fiscal policy environment. Asian economies were the first to raise interest rates from ultra-loose levels, followed by fast-recovering export economies, commodity producers then major trade hubs. In general [...]

Clouds and Silver Linings: The UK Economy »

As we highlighted in our ‘Sterling Update’ yesterday there was a good bit of GBP news yesterday which pushed GBPUSD and GBPEUR up to its recent highs.
The newly-formed Office of Budget Responsibility (OBR) released their preliminary assessment of the UK economy and while the figures are still poor, there were some silver linings to [...]