The dollar loses ground as risk appetite is lifted following the unexpectedly dovish statement from the US Federal Reserve
Dollar falls as risk appetite buoyed by Fed
Source: www.ft.com
Read more...
Slow start to week for Asia; sterling weakness a feature
There hasn’t been too much change in overnight Asian trade. Sterling weakness is a feature as the market frets about the future of Prime Minister Gordon Brown. Cable is down at 1.5930 from a North American close Friday around 1.5980, while EUR/GBP is up at .8780 from around .8740. Interesting...
Initial Jobless Claims Fall More Than Expected to Lowest Level Since March 2008
The Labor Department reported today jobless claims dropped to the four-year low, adding to economists’ views that the economy is...
Stops outweighing bids in USD/JPY
Dealers report heavy selling of USD/JPY which the bids at 97.50 have not quite been able to soak up, 42 the low so far. Corporate offers have been lowered so expect stiff resistance at 98.10/20 on any...
We used to sell dollars on bad auctions; now we sell dollars on good auctions
Heads I win, tails you lose. That’s the way things are working for the greenback. News is either dollar bearish or it is supportive of the US economy which increases risk assumption, the reflation trade, yada yada… No helping matters are comments from the Fed’s Lockhart who says...
Is Google Search Plus Your World Really That Bad of An Idea?
Is Google Search Plus Your World Really That Bad of An Idea? by Jeannette Di Louie, Investment U Research Wednesday, January 18, 2011 “Google...