From http://www.bloomberg.com today, June 9 “The Wall Street firms that trade directly with the Federal Reserve say speculators betting that interest...
US Treasury Yields in a Tug of War
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Analyst Moves: MS, SNV
Morgan Stanley (MS) was downgraded today by Deutsche Bank (DB) from buy to hold with a price target of $22, due to a mixed macro outlook. Shares...
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...
EURUSD broke below lower border of price channel
EURUSD broke below the lower border of the price channel on 4-hour chart, suggesting that a cycle top has been formed at 1.3817 level on 4-hour...
The Depression Everybody Forgot
By MoneyMorning.com.au The 1920-21 depression in the United States was as sharp as it was short. In just three years, production shrunk by a...
Asian forex market wrap
IMF says Euro-zone banks need a recovery plan A very quiet morning has turned into a big down-day for the JPY crosses Initial gains on regional bourses turn into losses Some US Banks allowed to repay TARP China to ease rules on investment overseas by its citizens/corporations Australian job ads...