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Solar Impulse Completes Record Flight Across Pacific

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A solar powered plane has successfully completed a record-breaking five-day nonstop solo flight across the Pacific Ocean.




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What We Read Today 03 July 2015

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).

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Every day most of this column ("What We Read Today") is available only to GEI members.

To become a GEI Member simply subscribe to our FREE daily newsletter.

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 more features, analysis, studies, and news published in the last week

Low Trend Growth, Productivity Hopes, And The Outlook

by Lakshman Achuthan, Co-Founder and Chief Operations Officer of ECRI

ECRI's Lakshman Achuthan joined Bloomberg TV to discuss low trend growth, productivity, wages, the U.S. economic outlook, and more.

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Infographic Of The Day: Mars-Size Exoplanet Smaller Than Earth

Although most of the planet candidates cataloged by NASA's Kepler space telescope have diameters in the range of 2 to 4 times that of the Earth, little Kepler-138 b is only about the size and mass of Mars.

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Video of the Day:

A solar powered plane has successfully completed a record-breaking five-day nonstop solo flight across the Pacific Ocean.


video of day picture





FOREX NEWS by DailyForex

Chaos

Appropriately enough, the etymology of the word “Chaos” stems from the Greek word “khaos” – meaning a vast void or chasm, originally.

Oil Prices Drop on Oversupply, Chinese Stock Probe

Good news may be in store at the pump before the July 4th weekend as oil prices dropped on Friday amid reports that an oversupply of the crude remains on U.S. oil rigs.

Swedish Central Bank Surprises

A surprise rate cut by Riksbank sent the Swedish Krona nearly 1% lower against its key rival, the common currency Euro.

TRADING DURING THE 4th OF JULY HOLIDAY

Tomorrow, Friday, 3rd July, is a major public holiday in the U.S.A. This year, the 4th of July is effectively the 3rd of July, 2015. Find out how this affects Forex trading and when the markets will be closed here.

The Fall of the Euro—When?

Now that Greece has missed a repayment worth about 1.5 billion euros ($1.7 billion) that was due on Tuesday to the International Monetary Fund (IMF), all eyes are focused on the future of the euro and its impact in the international arena.
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Time to Go Long AUDJPY?



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Europe is Heading Towards Constitutional Crisis, With or Without Greece

by Nicole Scicluna, The Conversation

As Greek Prime Minister Alexis Tsipras stands off against the so-called Troika, questions abound about the future of his country.

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The AUD/JPY Seems To Provide A Good 1:3 Risk-Reward Ratio

Written by Michael Grogan, First Class Analytics

The Japanese Yen has taken quite a tumbling recently. See USD/JPY chart below. The necessity of quantitative easing in attempting to meet inflation targets, coupled with concerns of low domestic growth, have taken their toll on the currency of late. As far as the Aussie dollar is concerned, the AUD has been struggling to gain traction against the U.S. dollar, while ranging against other currencies such as the euro. This was expected given that commodity prices have been lower, and exports to neighbouring economies such as China had fallen.

Click for larger image of USD/JPY 3 month chart.
usdjpy.3.mo.2015.july.3.380x240

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 USA economy at a glance (boxed items are updates in last 7 days)

Fed's Balance Sheet 01 July 2015 - Levels Fall

Total Fed Balance Sheet:

Fed's Balance Sheet week ending balance sheet was $4,440 trillion..

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