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Chart: 2012’s Fastest Growing Nations Will Be…

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• New York forex wrap-up; Dollar holds gains but not all

  Fed unlikely to add to Treasury purchases, slow pace of existing program: WSJ Trichet: High level of uncertainty remains; prudent on economic outlook US import prices rise 1.3% in May, down 17.6% y/y BOE’s Dale: Inflation targeting should be “enhanced” German tax revenue falls...

• Yen Pares Recent Rises Against Majors; Now Trading Near 95.20 Versus Greenback

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• FDIC – Troubled banks rises to 416

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• Tote Hose

  A great German expression which literally means “dead trousers”. When applied to the FX market, tote hose means that absolutely nothing is going on. Who says that you don’t learn anything in the FX market. By the way, Die Toten Hosen is a German punk band from my old arbeitsplatz...

• USDCAD remains in uptrend from 0.9725

  USDCAD remains in uptrend from 0.9725, the fall from 1.0025 is treated as consolidation of uptrend. Support is at the rising trend line on...