Over the last few weeks more and more companies that have dealt with mortgages have been hammered hard. Even those with no direct exposure to the sub prime loan market have been hit as the global sentiment turns against lenders. Countrywide, the largest US lender could face bankruptcy if liquidity worsens. Northern Rock in the [...]
The disease that has struck the dollar over the last 12 months has shown signs of spreading further. The US economy was the first to show signs of cracking with slowing growth and recession warnings; but if the Dollar was patient zero, the contagion has now spread says Michael Wright of Betonmarkets.com.
Much was made of [...]
For once it wasn’t just the Dollar that took a beating last Friday as the British pound fell sharply against the Yen, Euro, Swiss Franc and even the Greenback itself. The fall was all the more telling given the general mauling the dollar took last week against a whole host of currencies. Before Friday’s pullback [...]
Wall Street advanced sharply last week as investors interpreted minutes from the Federal Reserve’s last meeting, as an indication that the central bank is going to keep cutting interest rates in order to boost the economy. The Dow Jones industrial average, and Standard & Poor’s 500 index, reached new record highs. Leading the charge has [...]
Fixed Odds financial betting offers a range of ways to back different markets, which I see as a financial toolbox, you just need to select the right tool for what the particular market you wish to back is doing.
Fixed Odds betting has some big advantages over financial Spread Betting especially for those starting with [...]
The Federal Reserve were busy this week, first cutting interest rates by .25% on Tuesday, and then proceeding to announce a novel approach to injecting money into the banking system, as it struggles to combat the severe credit crunch that threatens to drag the country into recession.
The Fed said it would conduct two auctions next [...]