Gm sales fell 29.6 percent in May versus the year ago period, but those sales look robust compared to Toyota. Their sales fell 38.4% from a year ago. Over the prior month though, sales were improved. UPDATE: Chrysler sales fell 47% from year-ago levels.
GM, Toyota sales tumble
Source: www.forexlive.com
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Australia June consumer confidence index +12.7% to 100.1
This is the second largest result in the history of the WestPac/MI index and the biggest rise in 22 years. The AUD/USD has popped up to .8035 from...
North Korea also in the news again
News that North Korea are threatening to enrich more uranium for use in nuclear weapons is adding to the geo-political risk aversion play. In days gone by, the USD and CHF were always the big winners when any political tensions came to the fore. If we return to those days, as the small moves this...
BRICs flexing muscles
Reuters reports that Brazilian President Lula wants the BRIC countries to forge a common front on reforming multinational groups like the UN and IMF. Lula also announced a $10 bln contribution to the IMF. If the BRICs are willing to fund these and other programs, then by all means they should have...
Dukascopy Afternoon Forex Overview - Aug 27 09
Previous session overview The euro is little changed Thursday against the dollar, and its ongoing intraday volatility inside this narrow range signals growing market uncertainty. U.S. data released early Thursday has had minimal effect on exchange rates. The dollar garnered some support against...
Short-term model going long EUR/JPY
First up, as a disclaimer of sorts, this model has been wrong on the last two trades that I have seen from it. I’m not sure if that’s a good thing because it’s due for a win or a bad thing because it’s out of form. This model works off very short term charts and mixes trend...