The US Federal Reserve says benchmark interest will remain ‘exceptionally low until at least late 2014’, as markets pare losses
Fed announcement boosts markets
Source: www.ft.com
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Is Your Company Next?
According to the Department of Labor, more than five million workers have lost their jobs since December 2007. In March, the unemployment rate hit 8.5% and economists expect that number to rise in the upcoming months. In fact, many companies are in the middle of a major business restructure and...
October 2011 performance review for Danica
October 2011, the tenth month of the second year of Danica's live operation, saw generally high risk appetites and ended with the long-awaited JPY intervention. The system continued on auto-pilot without parameter changes. The market average of the correlation coefficient between its forecasts and...
Daily Market Wrap: March 15, 2012
Some promising news for the labor market and an increase in regional manufacturing activity helped stocks edge higher, on this light trading day....
Pimco all over the wires, talking their book
El-Erian and Gross are tag-teaming, running for the cameras to tell the markets that the economy still sucks. When you are long $1 trln in bonds (that’s their job), what else would you expect. US 10-year notes are now around 3.85%, a level where Gross said he would be a buyer around a week...
AUDUSD may be forming a cycle bottom at 0.9537
AUDUSD may be forming a cycle bottom at 0.9537 level on 4-hour chart. Range trading between 0.9537 and 0.9700 would likely be seen in a couple...