The Bank of China indicated on its website today
Last Updated on Wednesday, 20 April 2011 01:53 Written by MegatraderFX Sunday, 17 April 2011 03:36
The Bank of China indicated on its website today that reserve ratios will increase to 20.5% from April 21 or a half point increase.
Gold hits record on speculation
Last Updated on Wednesday, 20 April 2011 01:53 Written by MegatraderFX Friday, 15 April 2011 08:52
Gold hits record on speculation that the ongoing crisis in Europe will worsen, enhancing its appeal as an alternative to currencies. Silver touched a 31-year high as well.
Greece plans asset sales and budget measures
Last Updated on Wednesday, 20 April 2011 01:53 Written by MegatraderFX Friday, 15 April 2011 07:33
Greece plans to carry out 76 billion euros in budget measures and asset sales to meet budget deficit goals. Greece will enact 26 billion euros in deficit cuts and 50 billion euros in asset sales through 2015.
US stocks rallied as encouraging signs on the economy
Last Updated on Wednesday, 20 April 2011 01:53 Written by MegatraderFX Friday, 15 April 2011 06:56
US stocks rallied as encouraging signs on the economy overshadowed poor corporate earnings reports. The FED reported that factories increased production for the ninth straight month.
Crude is trading off slightly
Last Updated on Wednesday, 20 April 2011 01:53 Written by MegatraderFX Friday, 15 April 2011 04:51
Crude is trading off slightly in early US trading off the back of a weaker dollar. Benchmark crude was down 22 cents at $107 on the NYMEX at time of writing.





