By GCI Financial - The euro moved higher vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.4140 level and was...
Fundamental Outlook at 1400 GMT (EDT + 0400)
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Cable continues higher
Cable is doing a good impression off the duracell bunny, just seems to keep on going. Presently at 1.6415. Next technical resistance now at 1.6430/35. Risk appetite in fine fettle. S&P futures up at high of day, up around 8...
WORLD FOREX: Euro Falls On Report Of German Credit Woes
By Takashi Mochizuki Of DOW JONES NEWSWIRES TOKYO (Dow Jones)--A reported worsening in credit conditions for large German companies weighed on the euro ... See all stories on this...
Strauss-Kahn sees autumn as turning point for global economy
IMF managing director Strauss-Kahn says that the turning point for the global economy will come in September/October of this year. An early-2010 recovery is the most likely scenario, he says. Banks must rid themselves of toxic assets, he says. Failure to do so could endanger the recovery. Update:...
Latvian budget vote Tuesday
Should pass, says parliament budget chief. If it fails, look for some EUR weakness owing to concerns to western European banking exposures and fears of a domino effect. A few oither tidbits: Traders note good selling of cable from German names in the last few minutes. There is also talk of large...
The USD Declines Ahead of US Manufacturing Data
By TraderVox.com Tradervox.com (Dublin) – The dollar opened the trading weaker after speculation that the Manufacturing data report will...