Archive for April, 2014

As Expected, Fed Continues Taper; Rates Will Remain Low Indefinately

by Christopher Lemieuxon April 30, 2014 8:44 pm GMT
It is baffling. The Federal Reserve said the US economy is gaining momentum after the advanced gross domestic product data showed a mere .1 percent expansion in the first quarter. This was a whopping 1.1 percent less than expected, which was suppose to be the worst case weather-related scenario. The FOMC statement included “growth in economic […]

Forex Probes Take Toll on Traders, Ranks Thin Out Along with Liquidity

by Christopher Lemieuxon April 30, 2014 7:48 pm GMT
Forex traders have seen their ranks thin out as a global probe across the industry takes place in regards to market manipulation. Since October, over 30 traders, at various levels, have been fired, suspended or have taken leave across 11 financial institutions. The manipulation black-eye has also taken a toll on those in the industry […]

Euro Falls On German Consumer Price Contraction

by Christopher Lemieuxon April 29, 2014 1:43 pm GMT
The euro falls on data showing that German consumer prices contracted more than analysts expected in April, contracting to negative .2 percent from .3 percent. Expectations were a drop to negative .1 percent for Germany’s preliminary consumer price index (CPI) month-over-month. Inflation, calculated by a harmonized European Union method, rose from 1.1 percent from .9 percent […]

Gold Sways From $1,300 as Russian-Ukraine Tensions “Ease”; FOMC In View

by Christopher Lemieuxon April 29, 2014 12:34 pm GMT
Gold pulls back from $1,300 per ounce as the Russian-Ukraine tensions “ease” after it is reported that Russian President Vladimir Putin is stepping up to the table in order to converse about the current situation. This is coming after fresh sanctions are placed on additional Russian officials and corporations. The sanctions still are viewed as […]