Market News

The Ministry of Finance Taps Its Inner Ninja

Japan has been notorious for intervening in the markets to weaken the yen. They did this back in October 31 when they pushed USD/JPY as high as 79.50. Unfortunately, it appears that their efforts are short-lived, as the pair has almost returned to its pre-intervention levels.

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4 Reasons Why the BOE Could Go for More Easing

In its latest interest rate decision the Bank of England voted to keep its asset purchases target steady at 275 billion GBP. Does this mean that the central bank is done stimulating the economy? Here are four reasons why the BOE might go for more QE.

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What’s Been Cooking in the MeetPips.com Kitchen?

Since the new Trade Journal feature update, we’ve had some ideas on the back burner on how to make it even better! This time, we’re hoping to keep the momentum going by serving you a bunch of improvements for trade journaling–and even a little something extra on the side!

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Obama to China: Enough is Enough

Uh oh. It looks like President Obama is done playing good ol’ Mr. Nice Guy to China. In a conference earlier this week, he told Chinese officials that the yuan is just moving TOO slow. Do I smell a trade war brewing?

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EU Tightens Its Belt on Credit Rating Agencies

Remember when the S&P erroneously downgraded France’s credit rating last Thursday? Yeah, the European Union hasn’t forgotten either. In fact, the S&P’s blunder might have been one of the reasons why the EU is now tightening its belt on the major credit rating agencies.

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The Ebb and Flow of Hope in the Eurozone

Each time I think the eurozone is backed into a corner, it manages to find a new corner through the magic of political persuasion and a market belief in financial engineering. Or a simpler summary may suffice: Leaders in the eurozone continue to pull rabbits out of their hat. But even rabbits can reproduce only so fast!

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It’s-a Me, Mario Monti!

After the infamous Silvio Berlusconi stepped down as Italy’s Prime Minister, Mario Monti was tapped to lead the country as the new Prime Minister. Who is he, you ask? Read up and get the lowdown on Italy’s real-life Super Mario!

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Greek and Italian Lawmakers Inspire Risk Rally

After days of worrying over the possibility of debt contagion in the euro zone, investors breathed a sigh of relief yesterday as Greek and Italian lawmakers stepped up their game in containing risk aversion. What exactly happened in Greece and Italy?

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The Global Initiative and ECB to the Rescue

Italy to vote on cuts, US applies pressure: Italy’s Senate is set to vote on austerity measures demanded by the European Union to avert a euro zone meltdown, after U.S. President Barack Obama ratcheted up pressure for more dramatic action from the currency bloc.

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Our greatest fear should not be of failure but of succeeding at things in life that don’t really matter.Francis Chan