USDCAD rebounded strongly from 1.0471, suggesting that a cycle bottom is being formed on 4-hour chart. Another rise to test 1.0676 (Jul 6 high) key...
USDCAD rebounded strongly from 1.0471
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US Treasury confirms bank TARP repayment of $68bln
The US Treasury has confirmed overnight talk that US banks are starting to repay some of the TARP bail-out funds. It really was a classic case of buy the rumour sell the fact in Eur/Usd as we drop below 1.4000. Good news though with the Trasury saying that they have received repayments from Banks...
High Gas Prices Are Not a Good Thing…
Various media outlets seem set on convincing the American populace that high gasoline prices are, in fact, not so bad as we’re making them out to...
Stark: Ignore the negative inflation reports!
Like the good Bundesbanker he was before he ascended to the ECB, Jurgen Stark says that the negative inflation numbers that will be released this summer are of no concern to the ECB. Inflation is the concern and accommodation will be quickly reversed when the economic recovery starts. Following on...
What’s In The News: January 12, 2012
This is what’s in the news for Thursday January 12, 2012. The Wall Street Journal reports U.S. energy firms are pumping so much natural gas...
IBM and HP Lost Server Market Share to Dell
IBM and HP both lost market share in server sales to Dell in the 4th quarter of 2011. The flood in Thailand interrupted their hard-disk...