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December 2012
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Archive for December, 2012

Stocks climb on rising optimism for fiscal cliff deal

Stocks bounced to trade near session highs in choppy trading Monday as lawmakers in Washington scrambled to strike a last-minute deal to avert the "fiscal cliff."

Wall Street warily watches fiscal cliff talks

Stocks are up slighlty on Monday, the last trading day of the year, as political leaders in Washington worked to find agreement that would keep the United States from falling off the "fiscal cliff."

EUR/USD – Over the Cliff We Go?

On the final trading day of 2012, EUR/USD has edged lower, and has fallen below the 1.32 level. Despite intensive talks in Washington to try and avert the fiscal cliff, the likelihood of a last minute breakthrough on Capitol Hill before the January 1st deadline does not appear likely. Market

Risk-Off Dominates the Year-End

The finally-ending 2013 has been a difficult year for the World's economy, and it is still not over. Despite the last-minute good news from China and the recovery hopes from Japan, the European debt crisis, China's slowing growth, and the US "fiscal cliff" are some of the major headlines which

Morning Forex Fundamental

The French economy expanded less than initially was expected, adding to concerns that the recovery may be too weak to help President Francois Hollande's government reduce unemployment, which is currently at a 15-year high, and improve the overall economic situation. Nation's gross domestic product rose 0.1% in the third quarter,

China Smiles, "Cliff" Uncertainty Persists

Good news came from China to compensate the "fiscal cliff" panic as the automatic spending cuts and tax increases will take action as soon as tomorrow, and no deal has been done yet. Harry Reid stated that "Democrats are not in position to make counteroffer to latest republican proposal and
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