Forex Area
Major Pairs Retrace The Dollar’s Moves During The U.S. Session
Major Pairs Retrace The Dollar’s Moves During The U.S. Session
Overall, the dollar strengthened during the European session, as the S&P futures moved lower, towards the 930.00 support area. While the S&P futures managed to find a bottom somewhere near the U.S. open, the major currencies started to retrace most of the declines seen earlier in […]
Dollar Declines On Risk Tolerance
Dollar Declines On Risk Tolerance
Overall, the major currencies surged against the dollar as investors are again thinking that the global economy is heading towards recovery. This, in turn, has investors dropping their U.S. dollar denominated assets in the favor of higher yielding assets, denominated in foreign currencies. The currency market may test the highs reached […]
Geithner Testifies as 10 Banks Receive Approval to Repay TARP Funds
Geithner Testifies as 10 Banks Receive Approval to Repay TARP Funds
Geithner testified before the U.S. House Panel today over the recent developments surrounding the U.S. economy and the Treasury’s actions, while also announcing that 10 of the largest U.S. banks received approval to repay Troubled Assets Relief Program funds after meeting the requirements.
JPMorgan Chase, Goldman […]