Breaking News – China Rate Decision
Breaking News China and England Rate Decisions
Today’s Key Economic Data
Today the economic calendar is jammed packed with key market moving data, that will have traders watching closely.
USD Index Searches for Support- JPY Losses to Soften the Blow
The greenback is markedly weaker at the close of North American trade with the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) off by 0.67% on the session after moving a full 135% of its daily average true range. The losses come on the back of a stellar performance in equity markets with a rebound in risk appetite fueling a broad-based rally in stocks amid speculation that the ECB will
EURUSD at Interim Resistance as Support is Now 12510
EUR/USD at Interim Resistance
Breaking News – Federal Reserve Vice-Chair Yellen
Breaking News Federal Reserve Vice-Chair Yellen, said today the Federal Reserve has room to provide further accommodation and highlighted that there are substantial risks to the U.S. economic outlook.
Analysts Downgrades
Analysts Downgrades For June 6th 2012
Analysts Upgrades
Analysts Upgrades For June 6th 2012
Mario Draghi, President of the ECB Statement
Based on our regular economic and monetary analyses, we decided to keep the key ECB interest rates unchanged. While inflation rates are likely to stay above 2% for the remainder of 2012, over the policy-relevant horizon we expect price developments to remain in line with price stability. Consistent with this picture, the underlying pace of monetary expansion remains subdued. Inflation expectations for the euro area economy continue to be firmly anchored in line with our aim of maintaining inflation rates below, but close to, 2% over the medium term
Breaking News – ECB
Breaking News Out of the ECB
Breaking News – Chesapeake Energy CHK
Break News -Chesapeake Energy’s (CHK, [stock CHK]) board of director shakeup. Four directors resign and one retires. Allowing either Icahn or a Icahn representative to be named to the board. Chesapeake Energy’s CEO McClendon will remain the companies CEO.
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