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Fed Readies for Balance Sheet Tool as Rate Nears Zero
Fed Chairman Ben Bernanke may lower the the main US interest rate to the lowest level in history today. The interest rate is now approaching almost zero." The Federal Reserve may today reduce its main interest rate to the lowest level on record and prepare for one of the... Indian Banks Reduce Home Loan Rate to Boost Real Estate Sector
Government run Banks in India have cut down the interest rate to boost the sagging housing sector. In the aftermath of global recession reas estate sector has been badly affected and sector growth has...Brown will force UK banks to pass on full rate cut
After the Bank of England's historic rate cut this week, banks have remained hesitant to pass on the rate cut to loan receivers. Many analysts are saying the current money market situation means it is impossible for the banks to match the base rate. But Gordon Brown is...Australian Lending Situation Has Parallels in United States
An interesting development in the Australian housing market could be a lesson to lenders and legislators here in the states. Australia’s housing market is in no way in the poor shape that America’s is, as they...Sri Lanka keeps rate at 10.5% and foreign debt on the rise
With the soaring oil price, declining currency value, falling tourist arrivals, increased defense budget and 20+% inflation, the credit outlook for Sri Lanka is not as expected from a neighbour...Ron Paul “Schools” Bernanke
This guy is a walking and talking moron. Here’s just another example of his ignorance from a YouTube video titled “Ron Paul Schools Ben Bernanke Again.” Some Paulite posted this thinking that this was...USD/JPY Rose to Almost 4-Year High After BOJ Leaves Rate On Hold
USD/JPY rose to an almost 4-year high after the Bank of Japan left its key policy rate unchanged at 0.25%. The central bank voted 6-3 to stay put on policy this month. Since the Japanese central bank is unlikely to enter a consecutive-tightening cycle after it....US Net Capital Inflows Disappoint
According to the monthly US Treasury International Capital report, net buying of long-term US securities totaled $68.4 billion in November, down 20% from $85.3 billion in October. Although the figure exceeded the market forecast, it fell below the $100 billion being touted...Bank of Japan Feeling Pressured By Government
there is... a great deal of noise coming out from the house of Japan, with the Bank of Japan (BOJ) rate announcement looming nearer. There is increased speculation of a BOJ rate move after several large Japanese newspapers ran articles over the weekend saying the BOJ would...Will the US Dollar Lose Its Bullish Momentum?
The US dollar's recent rally seems to be running out of steam, as the greenback slipped across the board on Friday, despite the release of a better-than-expected retail sales report and business inventory data. In the week ahead, we are going to get some inflation numbers...US Dollar Reaches 13-Month High Against the Japanese Yen
USD/JPY is now hovering at a 13-month high, after surpassing the 120.00 level yesterday. Note that the forex market is currently well short of the Japanese yen, as the majority are not expecting the.....Ex-Fed Chief Greenspan Bearish On US Dollar
The US dollar slides further against the Euro after former Federal Reserve chief Alan Greenspan said he expected a "few years" of US dollar weakness, Reuters news agency reported. EUR/USD hit an intraday high of 1.3260 after......ECB's Quaden Says Euro Is High But No Need To Panic
ECB (European Central Bank) Governing Council member Guy Quaden said that the ECB has made no decisions yet on whether interest rates will continue their steady climb in 2007. Quaden also assuaged recent nerves over the Euro's steep rise against the US dollar, saying that...US Dollar Slightly Bullish Ahead Of FOMC Rate Decision
Cable (GBP/USD) indeed bounced off mentioned support around 1.9460 today, and it did so with an impressive 100-pip bounce to an intraday high of around 1.9560. Its nearest resistance is around 1.9580-1.9600, and nearest support lies around 1.9460, then 1.9400, then 1.9340....Slight Chance of US Interest Rate Cut This Tuesday
Compared to other interest rate futures markets, the nearby Fed Funds contracts showed only modest price losses in response to the better-than-expected US November payrolls report. In fact, the Dec contract was unchanged, reflecting the view that the US Federal Reserve won't...
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