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3/12/2010 - The Current Market Sentiment |
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Written by Editor
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Friday, 12 March 2010 11:27 |
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The equities market are still creeping up trying to get last January highs when Dow reached 10729 again keeping the pressure on the greenback to lose ground across the broad amid increasing on the investors' risk appetite containing the market sentiment but it is still building momentum at these levels tending to the upside. We have seen today an improving of US Trade balance of deficit of January to be just -37.29b$ while the market was waiting for-40.3 b$ and by god's will, we wait today for US retails sales of February to be up monthly excluding the auto sales by .2% and flat broadly with auto sales and US University of Michigan consuming sentiment preliminary reading to be 73.5 from 73.6 in February.
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Currency Currents - 03/12/2010 |
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Written by Editor
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Friday, 12 March 2010 04:32 |
Friday Rant.
Let’s lead off with this ...
BEIJING, March 12 (Reuters) - The United States should not make a political issue out of the yuan, a Chinese central banker said on Friday, as the two countries lurched towards a potential bust-up over Beijing's currency regime.
The latest rhetorical salvoes underlined how long-running friction caused by the yuan's de facto dollar peg could come to a head next month when U.S. President Barack Obama's administration decides whether to brand China as a "currency manipulator".
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3/11/2010 - The Current Market Sentiment |
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Written by Editor
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Thursday, 11 March 2010 08:25 |
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The risk appetite is still containing the market sentiment putting pressure on the greenback capping its progress since the release of US Labor report of February last Friday which has shown a losing of just 20k jobs out of the farming sector. The equities market could keep hardly the gains of last Friday in the recent few days moving in sideways. The recent data has shown that the growing pace in US is still gradual while it is struggling in Europe which put further pressure recently on the single currency which gives the traders the reasons to sell it again. We have seen yesterday the germane trade balance of Jan coming at just 8.7b euros while the market was waiting for 16 from 16.7 in December and these data came after a slower than expected release of the germane total industrial productions of that same at just .6% while the market was waiting for 1% after falling in December by 2.6%.
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Currency Currents - 03/11/2010 |
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Written by Editor
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Thursday, 11 March 2010 01:45 |
Targeting the Canadian Dollar Today
Waiting on the trade balance for Canada, eh? Well, at 8:30 EST we’ll get Canadian
capacity utilization, import and export figures and the trade balance.
The consensus is expecting an improvement on all counts. And though imports and
exports are expected to pretty much offset each other, the gains from the prior period
are expected to favor exports.
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Currency Currents - 03/10/2010 |
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Written by Editor
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Wednesday, 10 March 2010 03:48 |
Why will the euro eventually goes to par or beyond? Basic macroeconomics!
Remember, macroeconomics is like working with Playdough. When you push on one spot, there is a similar or equal reaction in another…
A surplus here, is a deficit there ... that type of thing. It explains why austerity for all the bad children in Europe won’t work.
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