Higher-yielders in the Forex market were not the only beneficiaries of crude's strong gains as the S&P 500 and gold also managed to close the in the green. ...
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Forex and Financial Market Update 9 June 2009
Source: www.forexrazor.com
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EUR/USD back below 1.39; EUR/GBP weighs
EUR/USD’s rally has been cut short with significant supply in the 1.3900/25 area capping the midday rally. EUR/GBP remains under pressure this afternoon as GBP shorts set up i the last few days are badly squeezed. Today’s GBP rally is surprising given the political disarray in the UK at...
Analyst Moves: CA, AAPL
CA (CA) today had its estimates and price target raised by Credit Suisse (CS) to $24, as the company has been experiencing higher realized margins....
Levels to watch in EUR/USD
As I indicated in yesterday’s wrap-up, I’m not entirely sure whether the market would greet an upbeat US employment report by adding to the reflation trade (and selling the dollar) or take the data at face value and buying it. Best be prepared for any scenario by looking at important...
Risk appetite weighs on dollar
The dollar came under renewed pressure this week as a series of policy decisions from the world’s leading central banks boosted investor confidence over the prospects for the global economy. Risk appetite was lifted after the Federal Reserve’s meeting on Wednesday as the central bank...
McGraw-Hill CEO Made Less in 2011 Than Previous Year
The Chairman and Chief Executive Officer of McGraw-Hill Companies, Harold McGraw III, is receiving less in his paycheck in 2011. The CEO earned...