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02 Aug 2011: US set for debt deal after vote victory: BROKER OPINION: EXPECT STRONGER USD
GBP/USD: US set for debt deal after vote victory: BROKER OPINION: EXPECT STRONGER USD
The House of Representative has passed the debt ceiling-deficit reduction bill that was formulated over the weekend by a vote of 269 aye to 161 nay. A vote in the Senate will come today, with the President ready to sign it into law before the clock strikes midnight. ...
 
26 Jul 2011: U.S. may experience a ‘deep economic crisis’ if leaders fail to reach a compromise and the nation defaults
GBP/USD: U.S. may experience a ‘deep economic crisis’ if leaders fail to reach a compromise and the nation defaults There is just one week to go until the deadline for US debt repayment and the politicians remain bitterly opposed in approach, with Republicans firmly against any tax hikes whilst Democrats argue that increased taxes on the wealthy are necessary. ...
 
25 Jul 2011: Experts expect the US to avoid a default, but credit downgrades seem increasingly likely
EUR/USD: Experts expect the US to avoid a default, but credit downgrades seem increasingly likely
The dollar fell against Euro this morning as failure to reach a deal to raise the U.S. debt ceiling unsettled financial markets, hitting riskier assets and fueling demand for perceived safe-haven currencies. ...
 
21 Jul 2011: EU government chiefs convene today to break the deadlock over the new Greek rescue
EUR/USD: EU government chiefs convene today to break the deadlock over the new Greek rescue
The euro rose for a third day against the greenback after Germany and France reached an agreement on addressing Greece's debt crisis before a summit convened to prevent contagion in Europe's bond markets. Euro-area government chiefs will convene today for the second time in a month as they aim to break a deadlock over a new Greek rescue. ...
 
18 Jul 2011: Euro continues weakening on Monday
EUR/USD: Euro performs well despite speculations for further downgrades
Euro was sold at the end of last week as problems surrounding the debt levels of the major European nations continues. This comes after Ireland and Italy were downgraded to junk status. ...