Archive for May 13th, 2008
Strong Greenback
Strong Greenback
The greenback is gaining momentum as there are speculations there will no further rate cuts as it is highly believed in the markets that the worst has come on the US economy and that it will soon start to recover. The world’s largest financial companies which include Citigroup Inc. and UBS AG and Merrill […]
Inflationary Troubles For Britons
Major Market Mover: Inflationary Troubles For Britons
Inflationary pressures are mounting over the BOE shoulders now, while they are still struggling to help economic growth pick up, the balancing act the BOE are trying to reach now look rather out of reach, especially after inflation rose the most since 2002 in the U.K.
The consumer price index […]
Dollar Cheers Sales, Ignores Autos
Dollar Cheers Sales, Ignores Autos
Dollar rises across the board as traders focus not on the 0.2% decline in April retail sales which was in line with expectations but on the 0.5% increase in sales excluding autos, nearly triple expectations as auto sales dropped 2.8% to 10-month lows. The other positive part of the report is […]