The greenback fell against a range of major currencies, with the Japanese yen one of the biggest risers after a week of steep drops
Dollar down as outcome of Greek deal awaited
Source: www.ft.com
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Better demand for Long Bond this time around
The 30-year bond was in much better demand this time around than it was a month ago. The bid to cover was 2.68 and the yield was 4.72%. Indirect bids were high, taking nearly half the auction, so higher rates must be attracting fresh investment. Risk assumption is alive and well, sending the dollar...
FOREX VIDEO - Pre London Outlook October 5th 2009
Hi everyone, I hope you survived or even profited from the NFP chaos on Friday. For this outlook I try to make some technical sense of things post NFP. I concentrate on the Pound USD as well as take a brief look at the Euro and Euro Pound. I make use of several longer term charts and talk...
New York forex wrap-up; Dollar extends recent gains
US nonfarm payrolls fall 345,000 (far less than expected); unemployment rates rises to 9.4%, jobless rate at 27-year high Canada reports a loss of 42,000 jobs; unemployment rate 8.4%, highest in 11-years UK’s Brown shuffles cabinet; Darling and Madelson stay on Fed’s Lockhart: Fed...
EURJPY: ranges getting tighter
It seems that the EURJPY range has been shriking over the course of this week, with Yen crosses taking a back seat to straight USD positioning. Its been unable to crack above yesterday’s high of 138.05. Buyers are seen at 137.00-20 with stops below. Sellers 138.00-10 then 138.30. It needs to...
How to Invest in the Fastest-Growing Energy Business of the 21st Century – Before it’s Worth $96.4 Billion Dollars
By MoneyMorning.com.au In this article, we’re going to show you a different way to profit from nuclear power… Yes, nuclear power. But...