Archive for November, 2008
Dollar Strong No Matter What!
Dollar Strong No Matter What!
Another week is finishing with markets trading still on positive territory as NIKEI was up more than 100 points and European session seems to want to go this way also. With US markets close for Thanksgiving Day yesterday, the action was very limited and although thin trading conditions usually spark big […]
Stocks Finish Higher For A Fifth Day/Dollar Gains Across The Board
Stocks Finish Higher For A Fifth Day/Dollar Gains Across The Board
Stocks closed the shortened session higher for a fifth day on speculation Black Friday, the traditional start of holiday shopping season, will surprise to the upside. Meanwhile, the dollar advanced against the euro, pound, yen, Australian and Canadian dollars along with the Swiss franc.
Macy’s CEO […]
RBNZ December MPS Preview: OCR to be Cut 100bp to 5.50%
RBNZ December MPS Preview: OCR to be Cut 100bp to 5.50%Easy does itThe credit crisis continues to ravage financial markets, and the world economy is now rapidly losing steam. New Zealand will be hit by lower commodity prices and weaker export demand.The RBNZ will be aiming to bring financial conditions well into ‘easy’ territory. A […]