DailyMarkets.com - Forex Trading: Euro-Zone News Boosts Riskier Assets

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• Forex Trading: Euro-Zone News Boosts Riskier Assets
• Fiscal Cliff Deal May Be Sparking Risk On Rally Into The Undervalued Miners
• Central Bank News Link List – Jan. 10, 2013: Japan Sets Package To Boost Growth, Hopes BOJ Easing
• Fed Profits And Treasury Financing, The Good And The Bad
• Korea Holds Rate Steady, U.S. And Euro Area Still Pose Risks

Forex Trading: Euro-Zone News Boosts Riskier Assets Posted: 10 Jan 2013 11:59 PM PST Euro-Zone News Boosts Riskier Assets Higher-yielding currencies and commodities saw significant gains yesterday, after the European Central Bank decided to leave euro-zone interest rates at 0.75% and ECB President Draghi predicted a gradual economic recovery in the region. As markets get ready to close for the weekend, the main pieces of economic news are likely to be the UK Manufacturing Production and US Trade Balance report, set to be released at 9:30 and 13:30 GMT, respectively. If either … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Fiscal Cliff Deal May Be Sparking Risk On Rally Into The Undervalued Miners Posted: 10 Jan 2013 09:05 PM PST Markets are soaring following the Fiscal Cliff deal reached recently in Washington which continues to raise the debt and kick the can down the road.  It is just what we expected a conciliatory deal that will delay the inevitable for a few months. Immediately, after the bill was passed by the House, Obama went back on his multi-million vacation to Hawaii after signing an executive order to increase pay for Washington politicians. The U.S. government is broke, yet the politicians are … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Jan. 10, 2013: Japan Sets Package To Boost Growth, Hopes BOJ Easing Posted: 10 Jan 2013 08:06 PM PST Here’s today’s Central Bank News link list, click through if you missed the previous link list. The list comprises news about central banks that is not covered by Central Bank News. The list is updated during the day with the latest developments so readers don’t miss any important news. Japan sets package to boost growth, hopes BOJ easing (MNI) Egypt’s Mursi replaces central bank chief amid recent speculation (al arabiya) Bank of Canada sees limit to low interest-rate strategy … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Fed Profits And Treasury Financing, The Good And The Bad Posted: 10 Jan 2013 07:02 PM PST We learned today that the Federal Reserves turned over $89 billion of its profits, primarily from interest on its securities portfolio, to the U.S. Treasury during 2012. The amount repatriated in recent years has grown substantially because of the sharp growth in the Fed's total assets resulting from its purchases of Treasuries and Mortgage Backed Securities. This has substantially eased the burden on taxpayers of financing the budget deficit. So have the low borrowing rates the Treasury has … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Korea Holds Rate Steady, U.S. And Euro Area Still Pose Risks Posted: 10 Jan 2013 06:14 PM PST     South Korea’s central bank kept its base rate steady at 2.75 percent, as expected by economists, saying uncertainties related to the fiscal issues in the euro area and the United States remain downside risks though the global economy is expected to continue to recover modestly.     The Bank of Korea (BOK), which cut rates by 50 basis points in 2012, said it would continue to lower inflation expectations and keep inflation within the target range while ensuring that … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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