Forex Bull

Japanese economic data points to a deepening recession in the world?s second largest economy.

More than a week after America's Federal Reserve Bank slashed its benchmark interest rate to the historic (low) level of .25%, investors are still struggling to assess the implications. The immediate reaction was mostly positive, as Central Banks around the world (namely Hong Kong and Japan) quickly followed suit, and stocks rallied. In other words, investors were buoyed by the belief that Central Banks can and will employ all available financial tools to maintain acceptable liquidity in financial markets and to prevent the economic downturn from turning into a depression

Japan November housing starts declined 7.0% m/m SA to their lowest level this year, now flat y/y, despite boosted by a base effect in comparison with disruptions to housing starts a year earlier surrounding adoption of new building standard.

Russia’s gold and foreign exchange reserves rose by a record $15.4 billion in the latest week thanks to a stronger euro and a rise in commercial banks’ foreign currency deposits.

The dairy at the center of China’s tainted milk scandal has about $160 million in debt, state media reported Thursday, a day after the company confirmed it was bankrupt.