The National Bank of Serbia cut its 2-week repo rate by another 50 basis points to 10.75% from 11.25% previously. The Bank...
National Bank of Serbia Cuts a Further 50bps to 10.75%
Source: feedproxy.google.com
Read more...
Equity markets turn south, selling flows in EUR/JPY
Both the Kospi and the Australian All Ords were up almost 1% but have now fallen into negative territory. The Nikkei is down 0.25% and Taiwan is down almost 6% in 2 days. Add in to the mix some selling flows out of Tokyo in EUR/JPY and the market has been caught a bit by surprise. As I said earlier...
US Wholesale inventories hit lowest level since September 2007
US April Wholesale inventories were lower than expected down 1.4% to reach their lowest level since Sep 2007. Wholesale sales also fell, down 0.4% to their lowest level since November 2005. Also realeased was the IBD Economic optimism index which rose to 50.8 in June from 48.6 in May. This puts the...
The Top 10 Dividend-Paying ETFs
In just 10 years, the number of exchange-traded funds, or ETFs, has soared over 10-fold. According to CNBC, there were 1,166 ETFs at the end of...
EUR/USD, Cable bounce from lows
EUR/USD is bouncing, now at 1.4030 from lows in the 1.4010 region. Dealers report another batch of stop-loss sell orders just below the 1.40 level. Cable traded down to 1.6000 before bouncing to 1.6030. Commodities have turned lower on the day and stocks are threathening to do the same. US bond...
USDJPY remains in uptrend from 76.02
USDJPY remains in uptrend from 76.02, the price action in the trading range between 80.01 and 81.86 is treated as consolidation of the...