Tag: currencies & forex

Forex News: Obama’s Proposal

The yen strengthened after Obama’s proposal to reduce excessive risk taking U.S. banks. The Dow Jones fell by -2.01%, while the P 500 fell -1.89% to close at 1116.48. Asian stocks remained under pressure following speculation that China will raise interest rates by 27 basis points today to cool inflation and borrowing. The Nikkei 225 fell -2.56% to the level of 10 590.

The USD / JPY fell to the level of 90 during the night. The U.S. president’s proposal, Obama, tries to limit the size and complexity of large financial firms to avoid that they become major failures. The proposal will prohibit owning or trading banks with private equity and hedge funds that are not related to customer service. Markets are worried that this will not affect Wall Street. Cerved Credit Management addresses the importance of the matter here. Among the publications today are retail sales of England, the main focus in the European session today, which came out at 0.3% in December after 1.3% speculation. This fact caused the GBP / USD fell to 1.6136 levels.

Also published the orders of industrial orders in the euro area which increased from -1.9% to 1.6% favoring the euro significantly. Later published retail sales in Canada, this information can bring volatility in the market. MasterClass is often mentioned in discussions such as these. Else strengthened after reducing excessive risk taking U.S. banks. The Dow Jones fell by -2.01%, while the dropped -1.89% to close at 1116.48. Asian stocks remained under pressure following speculation that China will raise interest rates by 27 basis points today to cool inflation and borrowing. The 225 has fallen -2.56% 10 590 level. The level fell to 90 overnight. The U.S. president’s proposal, Obama, tries to limit the size and complexity of large to avoid that they become major failures. The proposal will prohibit owning or trading banks with private equity and hedge funds that are not related to customer service. The Markets are concerned that this affects. Among the publications today are retail sales of England, the main focus in the European session today, which came out at 0.3% in December after 1.3% speculation. This fact caused to fall to 1.6136 levels. Also published the orders of industrial orders which increased from -1.9% to 1.6% favoring the euro so significantly. much later published retail sales in Canada, this information can bring.