Archive for the ‘Breaking News’ Category
Russia Temporarily Freezes Military Cooperation with NATO — NATO Member Norway
Wednesday, August 20th, 2008German Econ Min: Outlook Beyond Q2 Has Worsened Significantly
Wednesday, August 20th, 2008Russia: “No Plans To Annex Any Part of Georgia”
Tuesday, August 19th, 2008AUD-USD traded on a supportive footing after recovering from overnight weakness. Bargain hunting in AUD-NZD and option related demand in AUD-USD put a floor in place, which saw the dollar pairing rally from 0.8625 up to the 0.8675 area. Howver, the topside is expected to remain capped around the 0.8700 pivot, with the RBA minutes confirming that the next likely move in rates is a cut. Pressure on commodity prices is also a negative influence, although spot gold has stabilised after the heavy unwinding by Japanese retail accounts in Asia. AUD-USD may see some choppy price action in the New York morning session, with a good size 0.8675 option strike due for expiry at today’s N.Y. cut.
“Russia Seizes Georgian Port” - WSJ
Tuesday, August 19th, 2008US Official says Russia Moving SS-21 Missiles Into Georgia
Monday, August 18th, 2008Aggression Against Russian Citizens To Meet “Crushing Response” — Kremlin
Monday, August 18th, 2008Musharraf Resignation Update
Monday, August 18th, 2008Pakistan’s president Pervez Musharraf has announced his resignation in the face of an impending impeachment motion by the ruling coalition government.
The former army chief and staunch US ally has seen his popularity slide over the past 18 months.