Similarly to last week, currency movements in all major currencies this week are likely to be dominated by economic news coming out of the USA.
There is a continuing trend of poor US data bringing down currencies seen as risky – particularly the Euro, and pushing up currencies seen as ‘safe’ including the Japanese Yen and US Dollar itself; news from...
Federal foreclosure prevention program is struggling
Reporting from Washington-- Just as the housing market recovery has stalled, so has the Obama administration's main program to ease home foreclosures.
Only 36,695 homeowners received permanently lowered mortgage payments in July through the much-criticized Home Affordable Modification Program, the smallest increase since December, administration officials said Friday.
And...
General Motors Co. today reported net income of $1.33 billion in the second quarter -- its second consecutive three months in the black -- as it prepares to offer a public stock sale by year's end.
The company's performance was up from the first quarter when it reported $865 million in net income. That was GM's profitable quarter since 2007. But GM cautioned that for the...
A promising outlook in real estate trends has given home owners and home buyers hope for a lucrative tomorrow.
A housing market rebound seems tenuous following the expiration of the home buyer tax credit, and consumer confidence remains weak due to lackluster employment, but David Stiff, chief economist at Fiserv, says the...
What is likely to happen in the currency markets this week?
This week was meant to be all about the Euro…and potentially promised something of a boost. The first ever stress tests were completed on European banks and the results announced late on Friday. Market reaction to the stress test results however has not affected the Euro in a significant way so far. Whilst European...
08/31/2010