Post Tagged with: "Barack Obama"
Dollar Stronger Under Obama
The US dollar performed in a better manner under US president Barack Obama, than his predecessor, George W. Bush. Supporters of Obama claim that his policies helped the nation recover from a horrible economic crisis, while his opponents claim that his policies significantly slowed the recovery. The numbers will not persuade either side, but they
Forex Daily Outlook January 25 2012
FOMC Statement in the US and MPC Meeting Minutes in the UK are the main events today. Here is an outlook on the market-movers awaiting us World Economic Forum (WEF) Annual Meetings – Day 1, this time is held in Davos for Bankers, Political, trade & finance Ministers and Commercial leaders from around 90 countries.
Dithering has a price
After yet another weekend gab-fest by European leaders which generated a lot of opinion but no real action, the euro was under renewed assault on the first day of the new week. Evident once again was more contrasting opinions from various European officials ahead of last night’s critical conference call between Greece and their creditors.
Obama deploys fiscal firepower
US President Obama presented a package of measures last night that was larger than expected and aimed at restoring some confidence in the flagging US economy. The USD 450bln plan emphasised tax cuts, as well as an infrastructure spending bank with USD 80bln of firepower. This was more a fiscal stimulus plan, rather than a
EUR/USD Sep. 8 – Consolidating on Low Ground Before Trichet
Euro dollar is now getting comfortable in a lower range, still enjoying the German court decision. But this isn’t likely to last long, as the market awaits the rate decision and the press conference by ECB president Trichet. Also in the US, many important indicators are released, with the head of the central bank speaking as
EUR/USD July 26 – Breaking Long Term Resistance on Dollar’s Fall
Euro dollar made a break above long term downtrend resistance as the dollar loses ground across the board. The public disagreement between the political sides in Washington got the markets selling off the dollar, also against the euro, and despite European worries. We have quite a few US indicators today. Where will it go? Here’s a
US Debt Ceiling: Three Ways This Can Unfold
Yet another effort to get “grand bargain” on the cutting the US deficit and raising the debt ceiling ended in break up. Each side is blaming the other, and the clock is ticking towards August 2nd. Or is it really ticking? Here are three ways this could unfold. GOP leader John Boehner broke talks with
US debt talks enter the home straight
It is the progressive intensification of the rhetoric over recent days that offers the biggest clue that the impasse over the debt limit and fiscal policy will likely be resolved quite soon. Notwithstanding reports that yesterday’s talks ended badly, the President’s suggestion that he may summon some Congressional leaders to the White House this weekend
Debt Ceiling: Afghanistan and Iraq Could Provide Solutions
Democrats and Republicans aren’t able to reach an agreement on budget adjustments that would pave the way for raising the debt ceiling, which is set to be passed on August 2nd. Pulling out of Iraq and Afghanistan could provide a solution that would allow for significant budget cuts. Leveraging the debt ceiling crisis and using
Obama’s fiscal epiphany unlikely to reverse dollar downtrend
The news that President Obama’s address to the nation today will outline a more comprehensive plan for dealing with the country’s chronic fiscal obesity has failed to turn the tide of negativity towards the greenback over recent days. Encouragingly, the White House seems to be finally embracing the need for drastic policy action, including meaningful