Forex News

Why Fed’s Bond Buing must Continue? Fear the Taper

Ben Bernanke probably feels pretty good about himself right about now. After navigating through a treacherous financial collapse and near economic meltdown, things are looking pretty steady at the moment. After passing the reins of arguably the most powerful institution of the world to his successor, and instituting the much anticipated bond taper in place, .. Read More

SOHU sank to a one-year low in New York

From Bloomberg – Sohu.com Inc. (SOHU) sank to a one-year low in New York after China ordered the Internet company to remove the U.S. television show “The Big Bang Theory” from its website amid a crackdown on content considered offensive. Shares of Sohu tumbled 6.7 percent to $54.10 yesterday, extending a four-day plunge to 14 .. Read More

Stock Drops to Monthly Low on Asian Market, Ukraine

From Bloomberg – Asian stocks outside of Japan fell, with a regional gauge heading for its lowest close in a month, as investors weighed developments in Ukraine and corporate earnings. China Petroleum & Chemical Corp., also known as Sinopec, slid 1.6 percent in Hong Kong after Asia’s biggest refiner posted first-quarter profit that missed analyst .. Read More

Putin’s Close Circle might be Hitted by New Sanctions – U.S Plans

From Bloomberg – The U.S. and European Union will impose new sanctions as early as today on Russian companies and individuals close to President Vladimir Putin over the escalating crisis in Ukraine, officials said. “We will be looking to designate people who are in his inner circle, who have a significant impact on the Russian .. Read More

Ukraine Tension might Drive Gold to a Bullish Trend

From Bloomberg – Investors returned to gold just in time for the longest price rally in a month amid mounting tension over Ukraine. Money managers increased their net-long position in gold in the week ended April 22, snapping a four-week retreat that was the longest this year. The metal climbed in the next three days, .. Read More

Recent gains on payroll tells that U.S Economy is blooming

From Bloomberg- Employers in the U.S. probably expanded payrolls in April by the most in five months, adding to evidence the world’s largest economy is springing back from a weak start to the year. The Labor Department’s jobs report concludes a busy week on the U.S. economic calendar. The government’s initial tally of first-quarter gross .. Read More