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Market News Updates
Closing Market Recap: S&P/TSX Composite Index Closes at Record High
May 12 21:15 GMT, by CEP News
(CEP News) - Energy and commodity prices pulled back but Canadian stocks marched to new highs on Monday as the S&P/TSX composite index closed at a record high of 14666. The S&P 500 had its best day since May 1 and the strength in stocks led t...
Market Recap: S&P/TSX Composite Index Climbs to Intraday Record
May 12 18:35 GMT, by CEP News
(CEP News) - The S&P/TSX composite index rallied to an all-time high alongside crude oil on Monday. U.S. equities also opened the week higher while Canadian government bonds are outperforming Treasuries.
Market News Recap
Monday's News Recap: TSX, Crude Hit New Records; Fed's Evans Sees Balanced Risks
May 12 21:27 GMT, by CEP News
(CEP News) - Another day of record high oil prices helped push the S&P/TSX index to a new all-time record high on Monday morning before crude oil prices retreated. In the United States, markets received comments from Chicago Fed President Charles...
Midday News Recap: S&P/TSX, Crude at New Record; Fed's Evans Sees Balanced Risks
May 12 16:09 GMT, by CEP News
(CEP News) - Another day of record high oil prices helped push the S&P/TSX index to a new all-time record high on Monday morning while U.S. equities posted modest gains. In the United States, markets received comments from Chicago Fed President C...
US Economic News
The Day Ahead Canada & U.S.: U.S. Retail Sales, Fed Speakers
May 12 21:38 GMT, by CEP News
(CEP News) - Tuesday is a busy day with the release of tier-one data and seven Fed speakers.
Lacker Says Federal Reserve Responsible for Inflation, Including Food and Energy
May 12 20:06 GMT, by CEP News
(CEP News) - Federal Reserve Bank of Richmond President Jeffrey Lacker said inflation was "disappointing" in 2007 and that central bankers must factor in the effects of rising food and energy prices.
European Economic News
The Day Ahead Europe & UK: UK Inflation Data
May 12 21:37 GMT, by CEP News
(CEP News) - On Tuesday, markets will focus on UK inflation for April with the release of CPI and RPI reports.
Euro up Against Majors Following Trichet Statements
May 12 17:48 GMT, by CEP News
(CEP News) - The euro was up against majors on Monday, having gained steadily in value since the morning.
Asian Economic News
The Day Ahead Japan and Australia: Australian Budget; Japan CGPI
May 12 21:37 GMT, by CEP News
(CEP News) - Monday night will be quiet for markets in Australia and Japan, with most of the focus on Tuesday night when the Australian government releases its 2008 budget.
U.S. Dollar Down Against Most Majors, Up Against Yen
May 12 18:55 GMT, by CEP News
(CEP News) - The U.S. dollar was down against most majors, with exception to the Japanese yen, on Monday as markets prepare to receive U.S. April advance retail sales on Tuesday.
Canadian Economic News
The Day Ahead Canada & U.S.: U.S. Retail Sales, Fed Speakers
May 12 21:38 GMT, by CEP News
(CEP News) - Tuesday is a busy day with the release of tier-one data and seven Fed speakers.
Canadian Government to Step Up Gas Pump Inspections, Industry Minister Says
May 12 19:44 GMT, by CEP News
(CEP News) Ottawa - News reports that almost 5% of gas pumps dispense less fuel than they charge for is prompting the Canadian government to "beef up" its inspections of gas stations and contemplate legislative and regulatory changes that would boost...
Australian Economic News
The Day Ahead Japan and Australia: Australian Budget; Japan CGPI
May 12 21:37 GMT, by CEP News
(CEP News) - Monday night will be quiet for markets in Australia and Japan, with most of the focus on Tuesday night when the Australian government releases its 2008 budget.
Australian Business Conditions Decline in April
May 12 11:55 GMT, by CEP News
(CEP News) - According to National Australia Bank, the Aussie business confidence index declined to a reading of -8 in April from March's -4 reading. The business conditions index also remained unchanged at a score of 7.
Fed Watch

US Dollar is the mostly traded currency in the world. There's no reason we don't pay attention to US Federal Reserve. Make sure you check out what's happening with the FED with Fed Watch everyday before you trade forex. The Fed Watch news below are from various source which would be useful to every forex traders..

Tea with Alan Greenspan a bargain at $11,000

Mon, 5 May 2008 13:32:00 GMT from Thanhnien
It's all up for sale in an online auction to benefit the Robert F. Kennedy Memorial, a human rights advocacy group. Tea with Greenspan and his wife, NBC correspondent Andrea Mitchell, was going for $11,000, according to the Web site

Investor's Tips: The Federal Reserve and the economy

Mon, 5 May 2008 12:46:00 GMT from Times-Press-Recorder
You may have been hearing a lot lately about the Federal Reserve, better known the Fed, and its chairman, Ben Bernanke. You may also already know that the Fed has an influence on interest rates, which in turn influences the economy. But there is more to

Greenspan quoted as saying U.S. in "awfully pale recession"

Mon, 5 May 2008 08:05:00 GMT from International Herald Tribune
NEW YORK: The United States has fallen into an 'awfully pale recession' and may remain stagnant for the rest of the year, former Federal Reserve chairman Alan Greenspan was quoted on Monday saying. 'We're in a recession,' Bloomberg news agency reported

Dollar shade weaker after gains on jobs data, Fed view

Mon, 5 May 2008 07:51:00 GMT from Earthtimes.org
SINGAPORE (Reuters) - The U.S. dollar was a shade weaker on Monday but held on to most of last week's gains, supported by labor market data and speculation the Federal Reserve will not need to cut interest rates again.At 1:50 a.m. EDT (0550 GMT) in

U.S. in "awfully pale recession," Greenspan quoted

Mon, 5 May 2008 07:49:00 GMT from Earthtimes.org
NEW YORK (Reuters) - The United States has fallen into an 'awfully pale recession' and may remain stagnant for the rest of the year, former Federal Reserve chairman Alan Greenspan was quoted on Monday saying.'We are in a recession,' Bloomberg news agency

Have tea with Greenspan for charity

Mon, 5 May 2008 07:43:00 GMT from Business Times Singapore
Extract not available.

Dollar shade weaker after gains on jobs data, Fed view

Mon, 5 May 2008 07:07:00 GMT from Washington Post
Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain 'signatures' by someone other than the actual author will be removed.

UPDATE: Fed OKs New Rules Aimed At Reining In Credit-card Issuers

Mon, 5 May 2008 05:08:00 GMT from Morningstar.com
WASHINGTON (Dow Jones) -- The Federal Reserve on Friday issued proposals to restrict various credit-card billing practices, including double-cycle billing and unreasonable late charges. The proposals aim to protect credit-card users and clarify costs by

UPDATE: Fed's Easing Pause Helped Put A Floor Under Dollar Vs. Euro, Yen

Mon, 5 May 2008 05:08:00 GMT from Morningstar.com
SAN FRANCISCO (Dow Jones) -- This week's Federal Reserve subtle shift to a neutral bias this week might not have waved a red cape at dollar bulls, but did add to factors already putting a floor under the greenback against the yen and the euro. The euro

Fed's delicate balancing act

Mon, 5 May 2008 04:33:00 GMT from MarketWatch
WASHINGTON (MarketWatch) -- In this downturn, the Federal Reserve is fighting on two interrelated fronts simultaneously, battling to keep the real economy growing and to revive the credit markets. The Fed has won some victories on both fronts. A serious

US Federal Reserve and European Central Bank pump an extra $82bn into banking system

Mon, 5 May 2008 03:53:00 GMT from PrisonPlanet
The US Federal Reserve and the European Central Bank united yesterday to open a new front in their battle to quell the persistent money market strains that are fuelling the global credit crunch. The Fed and the ECB lined up with the Swiss National Bank

Fed `Rogue Operation' Spurs Further Bailout Calls

Mon, 5 May 2008 03:52:00 GMT from PrisonPlanet
A month after the Federal Reserve rescued Bear Stearns Cos. from bankruptcy, Chairman Ben S. Bernanke got an S.O.S. from Congress. There is ''a potential crisis in the student-loan market'' requiring ''similar bold action,'' Chairman Christopher Dodd of

UPDATE: Fed's Easing Pause Helped Put A Floor Under Dollar Vs. Euro, Yen

Mon, 5 May 2008 03:47:00 GMT from Nasdaq
SAN FRANCISCO (Dow Jones) -- This week's Federal Reserve subtle shift to a neutral bias this week might not have waved a red cape at dollar bulls, but did add to factors already putting a floor under the greenback against the yen and the euro. The euro

UPDATE: Fed OKs New Rules Aimed At Reining In Credit-card Issuers

Mon, 5 May 2008 03:47:00 GMT from Nasdaq
WASHINGTON (Dow Jones) -- The Federal Reserve on Friday issued proposals to restrict various credit-card billing practices, including double-cycle billing and unreasonable late charges. The proposals aim to protect credit-card users and clarify costs by

Federal Reserve Expands Eligibility For Term Securities Lending Facility

Mon, 5 May 2008 03:42:00 GMT from Bond Buyer
Extract not available.

Greenspan says no reason why Martin should stay behind bars

Mon, 5 May 2008 03:15:00 GMT from Daily Gleaner
OTTAWA - A prominent defence lawyer says his legal team will move swiftly if Brenda Martin isn't set free in the next few days. Edward Greenspan says Martin, 51, has already done her time in a Mexican prison and any further delays in Canada are

A Pause, Then More Fed Cuts - FTN Financial Analyst

Mon, 5 May 2008 03:09:00 GMT from Nasdaq
(RTTNews) - After taking the Fed funds rate down 325 bps and the discount rate by 400 bps, the Federal Reserve is poised for a pause, but not a stop, in rate reductions, says FTN Financial economic strategist Lindsey Piegza. 'We continue to think the

Fed Aims to Curb 'Unfair and Deceptive' Credit Card Practices

Mon, 5 May 2008 02:30:00 GMT from Canadian Economic Press
Fed Aims to Curb ?Unfair and Deceptive? Credit Card Practices 15:24 05/02 (CEP News) ? The Federal Reserve met Friday in Washington to discuss abusive rates charged by credit card companies and will set out to ban ?unfair or deceptive?

Central Bank Watch: Fed Cuts 25 Bps and Signals Pause, More Bank Decisions to Come

Mon, 5 May 2008 02:29:00 GMT from Canadian Economic Press
(CEP News) - This past week saw central bank rate announcements from both the Federal Reserve, which delivered a 25 basis point cut, and the Bank of Japan, which maintained its rate at 0.50%. Late in the week, three major central banks, including the

Rates on home loans see no relief from Fed cuts

Mon, 5 May 2008 02:23:00 GMT from Cambodian Times
Interest rates on U.S. home loans remain high despite serial cuts of official rates by the Federal Reserve. Mortgages on 30 year home loans this week were still costing more than triple the current official interest rate, despite another 25 basis points

Rates on home loans see no relief from Fed cuts

Mon, 5 May 2008 01:04:00 GMT from Malaysia Sun
Interest rates on U.S. home loans remain high despite serial cuts of official rates by the Federal Reserve. Mortgages on 30 year home loans this week were still costing more than triple the current official interest rate, despite another 25 basis points

AP: Treasury prices sink as prospect for more Fed rate cuts dim

Mon, 5 May 2008 00:16:00 GMT from AOL
NEW YORK (AP) - Treasury prices tumbled Friday after the government's payroll report came in better than expected, raising speculation that the Federal Reserve will stop lowering interest rates. The central bank has slashed rates by 3.25 percentage

Federal Reserve boosts lending

Sun, 4 May 2008 19:51:00 GMT from Investment News
In its continuing effort to rev up the slowing economy, the Federal Reserve Board today increased the size of some cash auctions for banks and the amount of dollars it provides to the European Central Bank and Swiss National Bank.The central bank voted

Buffett says Fed right to bail out Bear Stearns

Sun, 4 May 2008 11:29:00 GMT from Earthtimes.org
OMAHA, Nebraska (Reuters) - Warren Buffett on Saturday said the U.S. Federal Reserve was correct in deciding to bail out Bear Stearns Cos , the Wall Street investment bank that faced imminent bankruptcy before agreeing in March to be acquired by JPMorgan

Buffett says Fed avoided chaos in Bear bailout

Sun, 4 May 2008 11:29:00 GMT from Earthtimes.org
By Jonathan StempelOMAHA, Nebraska (Reuters) - Warren Buffett said on Saturday said the U.S. Federal Reserve avoided financial market 'chaos' in coordinating the March bailout of Bear Stearns Cos , which faced imminent bankruptcy before agreeing to be

Fed supports dollar for now

Sun, 4 May 2008 10:51:00 GMT from MarketWatch
SAN FRANCISCO (MarketWatch) -- This week's Federal Reserve subtle shift to a neutral bias this week might not have waved a red cape at dollar bulls, but did add to factors already putting a floor under the greenback against the yen and the euro. The euro

Buffett backs Fed over Bear Stearns

Sun, 4 May 2008 10:50:00 GMT from International Herald Tribune
OMAHA, Nebraska: Warren Buffett said on Saturday said the U.S. Federal Reserve avoided financial market 'chaos' in coordinating the March bailout of Bear Stearns Cos , which faced imminent bankruptcy before agreeing to be acquired by JPMorgan Chase &

Fed, Europe banks team up to ease credit squeeze

Sun, 4 May 2008 10:49:00 GMT from Gulf Times
WASHINGTON: The US Federal Reserve announced yesterday joint action with European banks to step up a battle against a persistent global credit crisis that has shackled lending and slowed the world economy. The Fed, the European Central Bank (ECB) and the

Fed likely to prefer lending over interest-rate cuts

Sat, 3 May 2008 13:26:00 GMT from Examiner
» 8 hrs ago: « 7 days ago: Investors look to earnings for hints about consumer spending 14 days ago: Dollar's plunge becoming lynchpin in 1Q earnings 21 days ago: Calls Against Big CEO Pay Grow Louder 28 days ago: Wall Street Undergoes Big Mood Change

Fed Seeks Ban on Some Practices of Credit Card Firms

Sat, 3 May 2008 13:03:00 GMT from Washington Post
Federal Reserve Chairman Ben S. Bernanke said yesterday that the agency's effort to regulate the credit card industry by requiring better disclosure forms has fallen short and that certain practices have to be banned to protect consumers. 'Based on our


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