USD mixed, trade deficit narrows as exports decline

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USD : Mixed, jobless claims decline, trade deficit narrowed by 6.6%, global recovery may be slowing JPY : Lower, Q4 GDP revised lower, BOJ ease speculation EUR : Higher, rumor of Russian intervention, SNB reaffirms its intervention policy GBP : Higher, inflation expectations at a two-year high CAD and AUD : AUD & CAD lower, China rate hike fears, Canada's capacity use and trade balance improve Overview The USD and JPY opened lower Thursday despite weaker equity market trade and a modest


Fast food chains face tomato famine

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Fast food joints are scrambling to find alternate sources for one of America's favorite sandwich toppings after a winter freeze took a huge bite out of Florida's tomato harvest.

Health-care reform’s ‘back-door’ tax

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The big talk on Capital Hill may be about health-care reform, but as part of this massive undertaking, the Democrats are quietly reshaping the tax system too. Tucked inside President Obama's latest health-care proposal is a major change to the Medicare tax.

Japan confirms strength of cyclical recovery

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Japan's economy grew less than initially estimated in the fourth quarter of 2009 but the revised gross domestic product data unveiled were still cause for guarded optimism, said the government

Foreclosures leveling off

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The national foreclosure rate fell 2% in February from a month earlier, according to an industry report released Thursday, the latest sign that the pace of foreclosures is slowing.

Unemployment claims show long-term problem

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The number of Americans filing continuing claims for unemployment insurance spiked last week, the Labor Department said Thursday, as sluggish hiring continues to drag on the labor market's recovery.

Comprehensive FX and Futures Daily Commentary

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Daily Market Commentary EUR/USD Stays Range Bound Amid Protests in Greece Greece experienced another wave of protests today as the government looks to implement its aggressive austerity package. However, the Euro has shown little reaction to the protests since Greece is still expected to go ahead with the austerity measures despite public disapproval. Meanwhile, the EUR/USD is hold strong within its tight trading range as it stands strong above 1.35 and previous March lows. The EUR/USD has