The president of the NY federal reserve, William Dudley, is on the Reuters newswires. He says that recent rises in Treasury yields reflect more confidence in the economic outlook but they could also show increasing nervousness among investors on the inflation outlook.
Treasury yield rise is vote of confidence in the economy- Fed
Source: www.forexlive.com
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Forex Technical Analysis for 06/08—06/12 Week
EUR/USD trend: sell. GBP/USD trend: hold. USD/JPY trend: hold. EUR/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd...
Swiss KOF institute cuts 2009/2010 growth forecasts
The KOF Swiss Economic Institute has slashed it’s growth forecasts for the Swiss economy. The economy is now seen contracting -3.3% in 2009 from previous forecast of -2.4%, and contracting -0.6% in 2010 from previous -0.3%. The insititute warns that “the Swiss economy is in a long...
Asian forex market wrap
IMF says Euro-zone banks need a recovery plan A very quiet morning has turned into a big down-day for the JPY crosses Initial gains on regional bourses turn into losses Some US Banks allowed to repay TARP China to ease rules on investment overseas by its citizens/corporations Australian job ads...
Interest Rate Day - Bank of England, ECB, Bank of Canada hold rates steady.
Thursday, June 4th - The Bank of England, European Central Bank and the Bank of Canada all decided to keep their respective interest rates at...
FOREX-Dollar recovers some ground; Swiss franc falls
The dollar recovered on Friday from its declines the previous day on the back of solid U.S. growth figures, while the Swiss franc fell sharply on market jitters of suspected intervention. Traders said the market was nervous about intervention by or on behalf of the Swiss National Bank to keep the...