Welcome to another week of stock trading my friends! Last week I noted the possibility of a breakdown in the Dow Jones Industrial Average (please see...
The S&P;500 and the US Economy on Shaky Ground – August 30, 2010
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News of protester death in Iran spooks market
Dealers are also saying that news of at least one protester death in Iran has reignited fears of a protracted conflict and this in turn is aiding risk aversion across all...
Latvia/IMF do not discuss devaluation
Latvia and the IMF did not discuss a devaluation and are trying to maintain the present peg to the euro via a new budget. Swedish banks will breath a short-term sigh of relief. This is modestly EUR supportive, but the focuc is more on US jobs figures at the moment. EUR/USD is quiet at...
JPY crosses getting nervy
The bears have been having a tough time over the last few months in the JPY crosses but now it’s time for the longs to feel nervous. Trouble ahead for the European banks and heavy selling interest appearing in USD/JPY might be enough in the short term to make long positions re-assess their...
UMichigan/Reuters Consumer Sentiment survey edges up in June. US Dollar gains in Fx Trading.
Friday, June 12th - Consumer sentiment rose to its highest level in nine months in...
Dollar comes under renewed pressure as short end of US Yield curve sheds gains
The short end of the US Yield curve is shedding some of the gains seen since the Payroll report, with Dec Eurodollar futures rising by around 14 basis points so far this morning as the market moves away from expecting early US rate hikes. Some quite horrible weekly Redbook sales data, down 4.4% y/y...