The US dollar has been trading lower against most of the major currencies in the forex markets as positive manufacturing data has boosted risk...
Forex: US Dollar Falls, Stocks rise on manufacturing data. ADP Employment declines in August
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Fed not tightening yet but market is…
Two-year note yields are 31 bp higher this afternoon than the were before the employment report. Comments from NY Fed president Dudley suggesting the Fed can rein in its QE policy if the bond back-up is driven by economic optimism (rather than fear of deficit spending) is helping ramp the dollar...
Czech National Bank Holds Interest Rate at 0.75%
The Ceska Narodni Banka held the two-week repurchase rate at 0.75% as expected, and kept the discount rate unchanged at 0.25% and...
Chrysler sale to Fiat group gets Supreme Court go-ahead
This sale had been delayed as various interested parties took action in the Supreme Court but the deal is now set to be...
Minimizing the "benefit of hindsight" in trading system testing
Once you know something, such as the past history, pretending that you do not is very difficult. The ways a trader can delude him-/herself while backtesting a trading system vary in degree of subtlety. A crude one is to develop a set of trading rules by observing the past history of the market, and...
Dukascopy Afternoon Forex Overview - Sept 30 09
Previous session overview The dollar is broadly weaker Wednesday in New York, as improving European economic data overnight boosted the euro and profit repatriations boosted the yen. A better-than-expected U.S. second quarter gross domestic product report released as morning trading got underway...