Alan Greenspan says economy will start to fade ‘very dramatically’ because of entitlement burden
Economic growth won’t last as the U.S. labors under the burden of growing entitlement programs and weakness around the world, former Federal Reserve Chairman Alan Greenspan told CNBC. The long-time central bank chief repeated his warnings about the weight that...
Global Sentiments Boosted by Rebound in Chinese Exports, German & US Yields Surge
Global market sentiments appeared to be given a strong boost by trade data from China. The much larger than expected rise in export is seen as positive sign of global demand. While there were some weak spots in the set...
Canadian Dollar Lower, US Consumer Confidence Next
The Canadian dollar has lost ground on Friday, erasing most of the gains seen on Thursday. Currently, USD/CAD is trading at 1.3336, down 0.37% on the day. On the release front, there are no Canadian events. In the U.S., UoM...
Cain reportedly will withdraw his name as potential Fed nominee
Herman Cain is expected to remove his name from consideration for appointment to the Federal Reserve, according to a report Friday. The former Republican presidential contender and Godfather’s Pizza CEO has come under repeated fire since President Donald Trump announced...
US import prices rise for a third straight month, driven by higher fuel prices
U.S. import prices increased for a third straight month in March, driven by higher fuel prices, but the underlying trend remained soft. The Labor Department said on Friday import prices rose 0.6 percent last month, boosted by increases in the...
DAX Gains Ground, Punches Past 12,000 Level
The DAX index has posted sharp gains on Friday, continuing the upward movement which marked the past two sessions. Currently, the DAX is at 12,010, up 0.60% on the day. In economic news, there are no major German or eurozone...
Paul Krugman: The next downturn will be a ‘smorgasbord recession’
Nobel Prize-winning economist Paul Krugman says bond market signals are flashing “a pretty good chance of a recession sometime in the next year or so.” He points out that China is struggling and Europe may already be in a recession....
AUD/USD Outlook: Aussie Regained Traction And Rallies But Still Short Of Key Barriers
The Aussie dollar advances strongly on Friday and looks for retest of Wed/Thu highs (0.7175/71), following bumpy ride in past two days when the pair advanced 0.66% and the fell in the same percentage the next day. Bulls stayed short...
EURAUD Lacks Clear Tendency, SMAs Signal Bearish Bias
EURAUD has been moving sideways in the short-term and long-term timeframes. Over the last two-months, the price has been developing between the 1.6120 resistance level and the 1.5720 support barrier, trading below the 20- and 40-simple moving averages (SMAs) in...
EW Update: AUD/NZD Eyeing 1.085/1.092 Zone
AUDNZD made a nice and strong recovery in the last 14 days, from the 1.028 level, and above the 1.045 region. This recovery is a sign, that a higher degree wave B correction is completed, and that final wave C...
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