DailyMarkets.com - QE2 Coming To An End. Why QE3 Could Follow!
DailyMarkets.com - QE2 Coming To An End. Why QE3 Could Follow! |
- QE2 Coming To An End. Why QE3 Could Follow!
- Forex – GBP/USD Weekly Outlook: May 23-27
- Forex – NZD/USD Weekly Outlook: May 23-27
- Forex – AUD/USD Weekly Outlook: May 23-27
- Forex – USD/CAD Weekly Outlook: May 23-27
- Crude Oil Futures – Weekly Review: May 16-20
- Forex – USD/CHF Weekly Outlook: May 23-27
- Gold Futures – Weekly Review: May 16-20
| QE2 Coming To An End. Why QE3 Could Follow! Posted: 22 May 2011 07:35 AM PDT Next month, the Fed will be winding down its second round of quantitative easing. But will it be for good? Back in August, at a meeting of global finance officials in Jackson Hole, Wyoming, Fed Chairman Bernanke planted the first seed that QE2 was coming. At that point, all of the hopes of a sharp 2010 economic recovery evaporated, as the economic data from mid-summer forward had signaled another bout of deflation and recession were coming. The Fed's antidote? Tell the world … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – GBP/USD Weekly Outlook: May 23-27 Posted: 22 May 2011 06:39 AM PDT Forex Pros – Last week saw the pound close trading largely unchanged against the U.S. dollar, as stronger-than-expected U.K. data did little to boost expectations that the Bank of England will raise interest rates this year. <br /><br />GBP/USD hit 1.6304 on Friday, the pair’s highest since May 13; the pair subsequently consolidated at 1.6228 by close of trade, easing up just 0.12% over the week.<br /><br />Cable is likely to find support at 1.6105, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – NZD/USD Weekly Outlook: May 23-27 Posted: 22 May 2011 06:19 AM PDT Forex Pros – Last week saw the New Zealand dollar jump to two-week high against its U.S. counterpart on Friday, after the country’s government outlined a budget projecting a return to surplus in four years.<br /><br />NZD/USD hit 0.7997 on Friday, the pair’s highest since May 3; the pair subsequently consolidated at 0.7955 by close of trade, jumping 1.35% over the week. <br /><br />The pair was likely to find short-term support at 0.7860, Thursday’s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – AUD/USD Weekly Outlook: May 23-27 Posted: 22 May 2011 05:47 AM PDT Forex Pros – Last week saw the Australian dollar advance against its U.S. counterpart for the first time in three weeks, after the Reserve Bank of Australia said that higher interest rates may be required to contain inflation.<br /><br />AUD/USD hit 1.0710 on Friday, the pair’s highest since May 13; the pair subsequently consolidated at 1.0657 by close of trade, climbing 0.75% over the week. <br /><br />The pair was likely to find support at 1.0594, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – USD/CAD Weekly Outlook: May 23-27 Posted: 22 May 2011 05:23 AM PDT Forex Pros – The Canadian dollar weakened against its U.S. counterpart in choppy trade last week, extending its longest losing streak since November as crude oil, Canada’s largest export, traded close to a three-month low.<br /><br />USD/CAD hit 0.9653 on Thursday, the pair’s lowest since May 13; the pair subsequently consolidated at 0.9738 by close of trade on Friday, gaining 0.53% over the week.<br /><br />The pair is likely to find support at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Crude Oil Futures – Weekly Review: May 16-20 Posted: 22 May 2011 04:29 AM PDT Forex Pros – Crude oil prices edged higher for a second consecutive week in volatile trade last week as buyers re-entered the market on short-covering ahead of June’s contract expiration and as concerns over a slowdown in U.S. demand eased. <br /><br />On the New York Mercantile Exchange, light sweet crude futures for delivery in July traded at USD99.94 a barrel by close of trade on Friday, gaining 1.4% on the week.<br /><br />Meanwhile, the June contract … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – USD/CHF Weekly Outlook: May 23-27 Posted: 22 May 2011 03:48 AM PDT Forex Pros – The Swiss franc strengthened against the U.S. dollar last week as concerns over sovereign debt issues in the euro zone boosted safe have demand and weaker-than-expected data weighed on the dollar.<br /><br />USD/CHF hit 0.8746 on Friday, the pair’s lowest since May 10; the pair subsequently consolidated at 0.8771 by close of trade, tumbling 1.73% over the week.<br /><br />The pair is likely to find support at 0.8675, the low of May 6 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Gold Futures – Weekly Review: May 16-20 Posted: 22 May 2011 03:25 AM PDT Forex Pros – Last week saw gold prices climb to a one-week high on Friday, surpassing the USD1,500 an ounce mark, as simmering fears over the euro zone’s debt crisis boosted the safe haven appeal of the precious metal. <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery settled at USD1,512.85 a troy ounce by close of trade on Friday, climbing 1.4% over the week .<br /><br />It earlier … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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