Dollar Still Holds Strong
Dollar Still Holds Strong
All it took was the announcement by President Elect Barack Obama concerning the $300 billion tax cut to move markets across the globe from currencies to stocks. We still see the dollar on the rise as majors are attempting to recover some of the previous losses recorded earlier in the session.
After the […]
New Overnight Developments Abroad: Most Markets Still Shut
New Overnight Developments Abroad: Most Markets Still Shut
Japan released even more data Friday than Thursday, but market closures continued in Australia, New Zealand, the Philippines, Hong Kong, and Sri Lanka. Britain celebrates Boxing Day, and most European markets and Canada will remain shut. U.S. markets have an early close.
The dollar is mostly lower, with drops […]
Dollar Bulls Are Still in Control But for How Long?
Dollar Bulls Are Still in Control But for How Long?
Another week is finishing today, with Asian markets gaining overnight and European session trading mixed after earlier rumors that Citigroup is up for sale. The bank lost heavily this week with the stock price falling to 15 year low. Investors have lost their confidence in the […]