Greek banks closed and Euro close to parity with USD

The games are as good as over yet for Greece with last minute deals being made and lenders refusing to accept anything less than payments. Mario Draghi and his ECB are not delighted by the weak Euro but they have no tools or liquidity to offer the Greeks. Germany is likewise unlikely to help the […]

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Top Foreign Holders of U.S. Debt – Forex opportunities

According to the U.S. Treasury here is a list of the highest holders in volume of U.S. Debt: JAPAN $1.2245T CHINA $1.223.7T CARIBBEAN $351B BELGIUM $345B OPEC $297B BRAZIL $260B It is not surprising that the two largest nations here have been attempting to lower their currency value vigorously as to increase their debt value […]

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The Feds in action again – Yellen short on votes

Janet Yellen will have to dig deep into her barrel of diplomatic skills to get the votes she needs to start her rate hike agenda.

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