Aon (AON) was upgraded today by Morgan Stanley (MS) from underperform to neutral, with a price target of $50, as the company has been gaining market...
Analyst Moves: AON, NKE
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German credit crunch deepening
This is the headline on another AEP article and thanks to Saferanger for the lead. Ambrose is as always very bearish on Europe but if the facts stack up, tough credit conditions will not ease the recovery prospects for the vital manufacturing sector. Perhaps some of them are profitable...
New York forex wrap-up; Risk equaled reward, for a time
US weekly jobless claims fall to 601,000 , -24,000 US retail sales rise 0.5%, ex-autos rise 0.5%. Gasoline price rise impacts IMF raises 2010 GDP outlook for the US to 2.4% from 1.9% French official: Keeping eye on currency market; volatility hurting economy Volcker: No practical alternative to the...
Dukascopy Morning Forex Overview - Sept 25 09
Previous session overview The yen rose against the dollar and the euro in Asia Friday, as Japanese exporters repatriated profits while speculators pushed the yen to a four month high against the British pound on speculation that the U.K. is comfortable with a weak currency. Cross-trading pressure...
Good News for Hedge Funds in May
Finally, hedge funds had a good month! According to Eurekahedge reports, May is the “best month in nine years.” The Singapore-based data provider’s Eurekahedge showed that Hedge Fund Index rose 5.2% last month, based on preliminary figures, its best since February of 2000. The index is now...
EURJPY buying
Seeing some decent EURJPY buying by various Japanese accounts over the last half hour pushing it back up thru 137.00 and towards yesterday’s highs. Look for 137.30-40 to initially ofer some resistance especially if USDJPY finds it tough to crack 97.60 and EURUSD offers lurking above...