The US House of Representatives has approved proposed $7 billion pipeline The Democratic government has moved forward to set a deadline for the pipeline that will bring Canadian oil sands crude to the United States . The bill received 279-147 votes in its favor and this eventually pressurizes the state to allow transport of Canadian [...]

The debt-crisis driven US economy seeks for earning from  taxes from online transactions  and that too in billions! A senator presents a bill on Friday that claims to seek solutions for the giant financial crunch that the US economy is fighting with, by earning from nothing. The United States is to lose an additional $10 [...]

The high cost of oil has forced President Obama to review the oil production policy of the country by increasing the volume of oil production. It is apparent that Americans are frustrated with the increasing cost of oil. The oil drilling companies have also attacked the government oil drilling policy. The president said in his [...]

Extending the tax cuts, the US president has tried to compensate for the mistakes, the democrats did last time. This is also a step to appease the Republicans in exchange of approval for unemployment benefits, reduction in payroll and other taxes.

Tokyo, Japan: After more than 2 months of constant rebound, the Euro trades stabilized but retained its gains on Friday. Yesterday the EUR/USD currency pair advanced through 1.3200 from 1.3085. Despite the press conference from ECB’s president Trichet which disappointed the forex market for not committing to speed-up the pace of its bond buying program, [...]

Bradley D. Eisner from New York who was operating a foreign exchange ponzi scheme was sentenced for five years probation by U.S. District Judge Dora Irizarry in Brooklyn. Eisner who defrauded his customers of $66 million, came forward reported himself about the ponzi scheme run under Razor FX. According to Federal guidelines such a financial [...]

The Commodity Futures Trading Commission (CFTC) scrapped a proposal to reduce the amount of borrowed funds that currency traders can use to trade forex contracts to 10-to-1. In retail forex market people can open an account with any of the forex brokers and invest on speculation of price movements of one currency agaist another. The [...]