The dollar fell following the release of disappointing U.S. weekly employment numbers, only a day before the release of the high impact non-farm...
Dollar Slumps Prior to Non Farms Report
Source: feedproxy.google.com
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Lockhart sees second-half recovery; Fed will meet inflation objective no matter the environment
Atlanta Fed President Lockhart, a relative hawk, frets that some of the bond rate back up in recent weeks is tied to the fear that the Fed will monetize the debt. He warns that fiscal imbalances will make the Fed’s pursuit of stable growth and prices more difficult. US equities are firmer and...
ECB’s Constancio: No swift dollar fall; would be undesirable
Portuguese central banker Constancio repeats that he does not see a swift dollar fall ahead and says it would be undesirable if it occurred. He made similar comments last week, but there has been a swift dollar fall since then! He adds the US needs a gradual rise in its savings rate to adjust...
Cable ticks higher again
Cable has ticked back up to 1.6325 at writing. Resistances now at 1.6330 and 1.6350/60. I gotta think this rally is more about general profit taking in the EUR/GBP cross than anyone getting excited about the Q-2 GDP revision. The EUR/GBP cross is down at .8790 from an early .8825. Good call Sean....
Analyst Moves: APO, DELL
Apollo Global (APO) was upgraded today by Goldman Sachs (GS) to buy, as the firm believes that Apollo will be able to deliver earnings growth...
UK retail sales in May -0.8%, YoY
This comes on the back of a very strong retail sales number last month but when one delves a little deeper into the figures, one sees a very weak April 2008 figure which made April 2009 look good and similarly a strong May 2008 result has dropped off and this makes May 2009 look bad. Lies, damn...