U.S. Dollar Trading (USD) enjoyed a solid day of gains as the stock market pulled back into the weekend after 8 days of gains. Weighing on investor sentiment was the surprise rate hike by the reserve bank of India. Risk Aversion ticked higher and Currencies such as the NZD and GBP were sold heavily. In US stocks, DJIA -37 points closing at 10741, S&P -6 points closing at 1159 and NASDAQ -16 points closing at 2374. Looking ahead,Treasury Secretary Geithner Speaks.
U.S. Dollar Trading (USD) enjoyed a solid day of gains as the stock market pulled back into the weekend after 8 days of gains. Weighing on investor sentiment was the surprise rate hike by the reserve bank of India. Risk Aversion ticked higher and Currencies such as the NZD and GBP were sold heavily. In US stocks, DJIA -37 points closing at 10741, S&P -6 points closing at 1159 and NASDAQ -16 points closing at 2374. Looking ahead,Treasury Secretary Geithner Speaks.
U.S. Dollar Trading (USD) enjoyed a solid day of gains as the stock market pulled back into the weekend after 8 days of gains. Weighing on investor sentiment was the surprise rate hike by the reserve bank of India. Risk Aversion ticked higher and Currencies such as the NZD and GBP were sold heavily. In US stocks, DJIA -37 points closing at 10741, S&P -6 points closing at 1159 and NASDAQ -16 points closing at 2374. Looking ahead,Treasury Secretary Geithner Speaks.
Fueled by growing concern over the Greek debt crisis, the euro is positioned for a severe clobbering at the hands of its safe haven counterparts. The US dollar, Japanese yen and Swiss franc should enjoy disproportionately favorable gains against
Borrowing at low interest rates to invest in assets with a higher yield has underpinned many currency trades in the past decade, in particular with the Japanese yen - hence the term the "yen carry trade."
March 24 will see the 14th Budget since Labour won power in 1997. March 24 will see the 14th Budget since Labour won power in 1997. That first Budget saw corporation tax cut from 33pc to 31pc, with the small companies’ tax rate reduced from 23pc
I have pretty well laid out over the past decade that I think the US will muddle through what promises to be a period of below-trend growth and a long-term secular bear market. It will not be pleasant or fun - there will be a lot of pain - but we
The Euro retreated, breaking the support specified in yesterday’s report 1.3665, and falling to 1.3585, without reaching the suggested target 1.3550. But, even without reaching the suggested target, the harm is done, and more downside activity is
Federal Reserve Chairman Ben Bernanke made a fresh pitch Saturday to retain oversight of small banks, contending that what the Fed learns from that role helps it assess the overall health of the entire U.S. financial system.
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