DailyMarkets.com - Forex – EUR/USD Weekly Outlook: May 2-6

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• Forex – EUR/USD Weekly Outlook: May 2-6
• Clarification About Oil Company “Subsidies” And Oil Companies “Not Paying Their Fair Share” Of Taxes
• Forex – GBP/USD Weekly Outlook: May 2-6

Forex – EUR/USD Weekly Outlook: May 2-6 Posted: 01 May 2011 07:59 AM PDT Forex Pros – The euro advanced to a 16-month high against the U.S. dollar last week, boosted by expectations that the European Central Bank will raise interest rates ahead of the U.S. Federal Reserve.<br /><br />EUR/USD hit 1.4881 on Thursday, the pair&rsquo;s highest since December 7, 2009; the pair subsequently consolidated at 1.4807 by close of trade on Friday, gaining 1.66% over the week.<br /><br />The pair is likely to find support at 1.4631, last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Clarification About Oil Company “Subsidies” And Oil Companies “Not Paying Their Fair Share” Of Taxes Posted: 01 May 2011 07:49 AM PDT From the American Petroleum Institute: “Contrary to what some in politics and the media have said, the oil and natural gas industry currently enjoys no unique tax credits or deductions. Since its inception, the US tax code has allowed corporate tax payers the ability to recover costs and to be taxed only on net income. These cost recovery mechanisms, also known in policy circles as "tax expenditures", should in no way be confused with "subsidies", i.e., direct government … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Weekly Outlook: May 2-6 Posted: 01 May 2011 07:32 AM PDT Forex Pros – Last week the pound rallied to a 17-month high against the broadly weaker U.S. dollar after the Federal Reserve indicated that ultra-loose monetary policy would remain in place for some time to come.<br /><br />GBP/USD hit 1.6744 on Thursday, the pair&rsquo;s highest since November 19, 2009; the pair subsequently consolidated at 1.6705 by close of trade on Friday, jumping 1.05% over the week.<br /><br />Cable is likely to find support at 1.6433, last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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