The House passed the first bipartisan U.S. budget in four years yesterday, clearing the way for final Senate passage next week to ease $63 billion in spending cuts and avert another government shutdown.
With most developed nations opting to debase their currencies, New Zealand is going the other way and preparing to raise interest rates and keep inflation low. As a result, the New Zealand dollar stands out as one of the lone buying opportunities.
Republicans in the U.S. Congress were uniting behind a call to repeal all or part of the 2010 financial regulatory overhaul. Since JPMorgan Chase & Co. announced its $2 billion trading loss earlier this month, that front has splintered.
Asia’s most exciting futures markets are in China and India, but the most free and open financial centers are Hong Kong and Singapore. Both, however, have tended to focus on equities and shun futures — until now