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FXstreet.com: Fundamental
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FXstreet.com: Fundamental. Get the grip on the macro-economic picture with the most respected firms.
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OPEC Holiday Wish
OPEC has holiday wishes as well and it appears they are wishing for higher energy prices this winter. But sometimes wishes can?t come true. That's about all that came out of the emergency OPEC meeting; futile hopes and dreams. Not to mention a little tension growing from those countries that might be overproducing their quota, oh my. Not a very happy holiday season for members of our own little energy cartel. As prices keep falling, tensions keep rising as Gulf State producers were demanding
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The latest audio outlook
This week, Wachovia's Chief Economist Mark Vitner discusses the latest economic news. Click on the image to listen it: To listen the last audios, please go to Wachovia Audio's page. .
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The Yen Without Qualities
In December 1989 the Nikkei Index for the Tokyo Stock Exchange closed at 38,915.87. Nineteen years later it is at 8,512.27. The current Bank of Japan overnight call rate is 0.3%, the lowest central bank rate in the industrialized world. This benchmark Japanese interest rate has been at 0.5% or lower since 1996, including more than five years of zero rate policy while the Bank of Japan was fighting incipient deflation. Two straight quarters of negative growth this year have put Japan into an
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