Retail sales rose 0.5 percent in October, increasing for the fifth-straight month, according to a government report. The economy expanded at a 2.5 percent pace in the third quarter, from 1.3 percent in second quarter, the Commerce Department said Oct. … 32 Vote(s) Read More Dollar Status Grows as Foreign Banks Double Deposits at Fed
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After the Swiss National Bank decided not to announce any fresh measures to counter CHF strength yesterday, the currency has been on a rampage higher ? with markets keen to test policymakers? resolve and take advantage of pretty decent prevailing entry levels against the EUR and USD. As if traders Read More Switzerland GDP Justifies [...]
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EUR/USD had a choppy trading session, as the price action was driven by conflicting drivers. Surprising remarks from the ECB on the status of Greek debt as collateral had only a temporary negative impact on the euro. Sterling failed to profit from better than expected UK retail sales. More ?erratic? Read More EUR USD Extends [...]
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In some circles cheerleading has a negative stereotype that assumes young ladies who pursue this pastime aren’t as smart as their classmates. Beautiful, yes, but bright and not arrogant, no, the stereotype goes. While a few might exemplify the stereotype, in general, cheerleading is a great sport that requires physical skill, mental acuity and a [...]
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America risks losing its superpower status unless the world’s biggest economy begins to tackle its deficit, according to Henry Paulson, former US Treasury Secretary. Read More US risks losing superpower status unless it tackles the deficit, Henry Paulson warns
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• Euro Sees Moderate Strength on Confidence Numbers, Traders Look ahead to ECB Rate Decision • Japanese Yen Gives Back Gains after Fujii Says He May Contact US, EU Authorities • British Pound Concerns may Shift from Growth back to Financial Stability • Can the Australian Dollar Fend of Risk Aversion with an RBA Rate [...]
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What is the most influential driver behind the Japanese yen? The same underlying current for all capital markets: risk appetite. It used to be the case… Read More Japanese Yen Relinquishes its Top Safe Haven Status to the Dollar
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