What we saw at the end of 2011 was an environment where an investor’s sound strategy began to win out over the masses… Market players began to...
Are Dividend Stocks Overvalued?
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EUR/USD firmer; China noted
EUR/USD is making some pretty good ground in early European trade. The pairing is being underpinned by decent risk appetite, realisation US rates won’t be raised anytime soon, and by an improving situation in the Baltics. Sources report China has been buying fairly agressively in this latest...
Cable trader of the year is…….
The Bank for International Settlements, better known as the BIS. Having scooped up cable below 1.6400 yesterday around 1.6375, they apparently sold into the earlier rally around the highs. At least a 2 big figure profit. Nice work if you can get...
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...
BOC’s Carney: Concerned about recent CAD rise
Bank of Canada Governor Carney says he is concerned about the recent rise in the Canadian dollar saying the rise over the last month has been at an unprecedented rate. Evidence of the currency impact was seen earlier this week as Canada posted a rare trade deficit. Reaction has been muted as Carney...
FOREX-Dollar stays near '09 lows as risk appetite grows
By Aiko Hayashi TOKYO, June 3 (Reuters) - The dollar hovered above a fresh set of lows for the year on Wednesday after US pending home sales posted their ... See all stories on this...