Your forexlive.com ENewsletter

Sunday, December 30, 2012

Your forexlive.com ENewsletter

Posted: 29 Dec 2012 05:01 PM PST

The big event this weekend is the progress (or not) of the Fiscal Cliff negotiations in the US.

Obama is being interviewed on NBC’s Meet The Press, 10.30am ET (1530GMT) Sunday.
The US Congress’ House of Representatives reconvenes 6.30pm ET (2330GMT) Sunday. Early Asian markets will be open by then (but still in Christmas/New Year holiday mode; and also note its a holiday in Japan. Expect very thin liquidity and potential for exaggerated price moves).

In other items from the weekend so far:

France’s Constitutional Council has rejected the 75% upper income tax rate planned to be introduced by President Francois Hollande. In response, the government is redrafting the proposed law. Gerard Depardieu hasn’t commented, or moved back from Belgium.

British PM Cameron recorded a New Year video message saying Britain was heading in the right direction on all its major issues and could look forward to 2013 with realism and optimism.

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