S&P revised California’s ratings outlook from Stable to Positive today, just in time before the state auctions its $2B general-obligation...
S&P;Upgraded Ratings on the State of California
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Tote Hose
A great German expression which literally means “dead trousers”. When applied to the FX market, tote hose means that absolutely nothing is going on. Who says that you don’t learn anything in the FX market. By the way, Die Toten Hosen is a German punk band from my old arbeitsplatz...
US Treasury confirms bank TARP repayment of $68bln
The US Treasury has confirmed overnight talk that US banks are starting to repay some of the TARP bail-out funds. It really was a classic case of buy the rumour sell the fact in Eur/Usd as we drop below 1.4000. Good news though with the Trasury saying that they have received repayments from Banks...
USD/JPY Rises after Disappointing Core Machinery Orders Data
By Fast Brokers - The USD/JPY is rising back towards our 3rd tier downtrend line after the weaker than expected showing from...
EUR/USD trying to steady at lower levels
EUR/USD is trying to steady at lower levels, presently at 1.3850. Last heard reports of China buying up around 1.3880/90 and gotta think they’ll be sniffing around again in the low 1.38’s, although haven’t heard of them being in again as yet. Stocks are trying to claw back some of...
Asian Market Means More Dollar Strength 15-6-2009 | Financial 24
Asian Market Means More Dollar Strength Overall, the dollar continues to gain ground against the major currencies throughout the Asian session, as the market remains in risk-aversion mode. The current per. Financial 24 | Financial News -...