GM says the bottom of the car market comes this spring. The NAHB said the same about housing earlier today. Hope they are right EUR/USD is firm, as are equities. EUR/USD trades at 1.4315 while the S&P is up 0.4%.
Automakers join Realtors in calling a market bottom
Source: www.forexlive.com
Read more...
FOREX-Dollar edges up, investors eye G8 meeting
By Naomi Tajitsu LONDON, June 12 (Reuters) - The dollar edged up against a basket of currencies on Friday, recovering as traders booked profits from the US ... See all stories on this...
Lockhart unsure whether supports more Fed bond buys
Atlanta’s Lockhart says he’s unsure whether to support further buying of Treasuries by the Fed. He’s concerned that housing demand will be hurt by rising rates. One factor will be sentiment on debt monetization, something he opposes. Given how well buying Treasuries worked in...
Burger King tests out delivery service
The operator of 7,500 fast-food restaurants in the U.S. and Canada is trying out delivery service at some stores in Virginia and Maryland as a way...
WORLD FOREX: Euro Drops On Disappointing US Employment Data
NEW YORK (Dow Jones)--The euro declined against the dollar Friday as U.S. stocks fluctuated in and out of positive territory in the wake of a disappointing U.S. monthly unemployment report. During the New York afternoon, the single currency settled modestly below day-earlier levels versus the...
EUR/USD Demonstrates Fastest Gain in 3 Weeks
The dollar fell at a fastest pace in 3 weeks against the euro today as the Q1 GDP decline was reported to be not so bad as expected. EUR/USD is now trading near 1.4114 and technical analysis shows that it will probably continue...