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Thursday, June 10, 2010

The Megan Fox of the North

Remember Veronika London? The girl who was once called “The Megan Fox of the North“? You know, the one who sent us sexxy pics of her including some featuring her sporting a breaast enhancement (aka nippple ring)? Now you remember… Well, Veronika (or her peeps, whatever) sent us some more sexy pics along with some news that all this effort has not gone for naught as she has landed herself an acting gig on Showtime for some series called Body Language and in a feature film called Black Eve. Most importantly tough is the fact,

Market Review – Fundamental Perspective

The USD gained towards a four-year peak versus the EUR on speculation U.S. policy makers may reiterate that an economic recovery is gaining pace. The EUR weakened as a survey showed that economists expect that the European Central Bank, which meets tomorrow, will leave its key interest rate unchanged at a record low until next year. Federal Reserve Chairman Ben S. Bernanke testifies before a House Budget Committee today after saying at June 7th that the central bank will raise rates before the economy returns to full employment. Futures trading on the CME Group exchange showed a 32 percent chance that the Fed will raise its target rate for overnight bank lending by at least a quarter-percentage point by its December meeting, down from 50 percent a month ago. The EUR/USD fell to 1.1949, which is a level close to its four-year low at 1.1876 from June 7th.

Global investors have little confidence in Europe’s efforts to contain its debt crisis. Only 23 percent say that they expect the region’s almost $1 trillion rescue package to both keep the European monetary union together and prevent a debt default by a government. The EUR/CAD fell for a third day and reached its lowest level in almost 10 years. The pair fell to a low of 1.2515, which is the lowest level since October 2000.

The GBP fell against most of its major currencies after Fitch Rating said yesterday that U.K.’s fiscal challenge is “formidable.” The rating agency suggested that British Prime Minister David Cameron will need to speed up budget-deficit cuts to protect the U.K.’s top credit rating. Treasury estimates show that government debt-interest costs reached 70 billion pounds in five years, up from 31 billion pounds in the last fiscal year. The GBP/USD fell for a second day after it reached a level at 1.4430 while it fell to a daily low around 131.42.

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