| Russia set to push G-20 agenda -- but not so hard (AP) Russia will press for more follow-through on existing measures to confront the global recession and for changes in Western-dominated international financial institutions at next week's summit of rich and developing countries, a top aide to President Dmitry Medvedev said Thursday. us.rd.yahoo.com |
British Pound Retraces, Euro Grapples with 1.50 Against US Dollar (Daily FX) The US Dollar has continued to slide lower, with prices poised to test the critical 1.50 level against the Euro. We remain long the greenback against the British Pound, looking for the recent upswing to be reversed near current levels but ready to take profits off the table should aggressive Dollar selling continue. us.rd.yahoo.com |
NZD Remains Bid on Tuesday, JPY Falters on Speculation for Intervention (Daily FX) The New Zealand dollar rallied against the greenback for the second-day and is the best performing currency on Tuesday as the exchange rate jumped to a high of 0.7291 during the European trade, while the Japanese yen halted the two-day rally as investors speculate the Bank of Japan to intervene in the foreign exchange market. us.rd.yahoo.com |
Oil May Trade Above $79, Metals Fail at Resistance on US Data (Daily FX) Crude oil prices may test above $79/barrel while gold and silver may fail at key technical resistance as if the Dallas Federal Reserve’s manufacturing activity gauge adds 2% as expected in December. us.rd.yahoo.com |
IMF sharply raises global economic growth forecast (Reuters) The International Monetary Fund sharply raised its global economic growth forecast, casting developing countries in a leading role while rich nations struggle with high unemployment and government debt. us.rd.yahoo.com |