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
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Good News for Hedge Funds in May
Finally, hedge funds had a good month! According to Eurekahedge reports, May is the “best month in nine years.” The Singapore-based data provider’s Eurekahedge showed that Hedge Fund Index rose 5.2% last month, based on preliminary figures, its best since February of 2000. The index is now...
EUR/USD Above 1.29 Ahead of Possible Greek News
Source: ForexYard As investors cautiously await any news regarding a Greek debt swap deal, the EUR/USD has slipped following last...
Tumpel-Gurgerell: Central banks need to be pricks…
…of asset bubbles. Asset bubbles and financial sector imbalances should be dealt with preemptively, she says. The financial crisis represents the greatest ever challenge for the euro, she says. 2009 will be very difficult. Deflating asset bubbles is likely to be the consensus change in the...
Fourth order cumulant in EUR/USD falsifies random walk hypothesis
Ability to predict the up-coming changes in daily and hourly high and low of price (of course, in a statistical sense, as measured by correlation coefficients between prediction and reality) by using adaptive black-box models has been well documented on this site. Observation of statistical...
Fed Says No QE3
The Federal Reserve does not expect QE3 right now, at least not until late...