Sterling Gains On Improving Economic Data
Sterling Gains On Improving Economic Data
The dollar declined versus its rivals on Tuesday on more signs the global economy is stabilizing. Business investment in China expanded at the fastest pace since 2006, crude oil rose to a 6-month high and the UK economy showed signs of recovering. The yen rose despite rising risk appetite. US […]
Risk Appetite Surges Powered by Gains in the Financial Sector Putting Pressure on the Dollar
Risk Appetite Surges Powered by Gains in the Financial Sector Putting Pressure on the Dollar
The dollar fell against all of the G10 sending the Sek, Chf, Nzd, Nok, and Aud considerably higher. Traders who were long the Euro benefited from a sharp move to upside of 240pips settling at the low range of 1.36. The […]
Factory Orders Gave Back Earlier Gains
Factory Orders Gave Back Earlier Gains
New orders at U.S. factories were off 0.9 percent in March as February’s initial gains were revised down. The net result for the two-month period is a decrease of 0.2 percent. We still expect double digit declines in equipment & software spending through 2009, with auto shutdowns weighing most heavily […]