Forex News: US CPI higher than expected 1.1% versus 0.7, 5.0% versus 4.5% expected for YoY. Highest since 1991. Ex Food and Energy +2.4% versus +2.3% expected. Transportation +3.8% as price on energy working way into the numbers. Corporations are being forced to raise prices ... Go to...

US Fed: Will Throwing Money Around Solve the GSE Problem? Federal Reserve Chairman Ben Bernanke's semiannual testimony on monetary policy to the Senate revealed increasingly bearish views on the US economy, and... Go to Full Article

Little Chance Of A Fed Hike This Year As The Market Crisis Deepens Only a month ago, the market was fully pricing in at least one rate hike from the Fed by the end of this year (with a significant 77 percent chance of... Go to Full Article

Forex Trading: EURUSD testing support at 1.5873-1.5879 NOW The 100 hour MA comes in at 1.5873 and the 38.2 retracement of the move up from July 7th low to the high yesterday comes in at 1.5879. A break will target lower levels. Go to Full Article

Forex Trading: Dollar gets a bid as Wells Fargo earnings give ... The USDJPY (and dollar) just got a bid as Wells Fargo surprised the market by announcing an increase in its dividend. Go to Full Article

16 July Probability Studies - EUR CPI, US CPI, US Housing and FOMC ... After the EUR made an all-time high of 1.6038 against the Greenback, we saw price retracing severely as Bernanke reiterated his concerns about rising inflation and the high price of oil. Evidently we saw oil also coming...

Dollar at All-Time Low against Euro The US dollar reached its new all-time low against the European currency and is now trading just a little below that level. After some positive economic releases came out in US dollar recovered slightly but is still trading in a very ... Go to Full...

U.K. Jobless Claims Jumps, As The Economy Moves Closer To A Recession See the article... Go to Full Article

Swiss Investments That Can Help Fortify Your Investment Portfolio LAUSANNE, SWITZERLAND: “The other European armies just tell us, keep our money safe and we’ll leave you alone.” That’s Swiss history according to Luc, a young French-speaking banker I spoke to the other night in front...

Much Of The US Is Getting Sold To Overseas Investors I don’t like the above image any more than you, but let’s face it, the country is about to be auctioned-off to overseas investors. It’sa pathetic situation. Paulson and Bernanke came up with a rescue package “of sorts” for FNM...

Worthington Industries Stands Out As A Buy In Steel Sector Worthington Industries reported record sales for the fourth quarter and the year as the company flexed its pricing power on its flat-rolled steel. The company has surprised on estimates two out of the last four quarters on average of...

Freddie, Fannie and IndyMac: Just The Tip Of The Iceberg I’m back from vacation today and all I can say is that wheels came completely off the wagon while I was gone. IndyMac slipped beneath the waves and Freddie and Fannie each teetered on the brink of an unthinkable abyss. ... Go to...

Monday: US Stock Market Summary Where is the confidence in our US dollar; in Bernanke’s ability to stem a financial crisis; or in the earnings statements of any financial institution? Missing in action, that’s where. Hank Paulson, the US Treasury Secretary, ... Go to Full Article

Rent Control Distorts Markets, Increases Non-Price Rationing Economic theory predicts that rent control laws will result in these effects (from the Gwartney textbook):. 1. Shortages and black markets will develop for housing. 2. The future supply of housing will decline. ... Go to Full...

Energy Now Expected To Keep Earnings Crown Reports for the second quarter are starting to trickle in, and soon that trickle will turn to a flood as Alcoa kicked-off the second quarter earnings season. At this point the reported data is not that significant. ... Go to Full Article