Friday drop adds to losing week on markets
Risk Aversion Back in Forefront, Yen and Greenback Climb to End Week
Risk Aversion Back in Forefront, Yen and Greenback Climb to End Week
JPN Core Machinery Orders Fall 1.3%
We begin in Japan, where orders for machinery and equipment used in factories fell 1.3% in March, following a downwardly revised 0.6% gain in February. The implication is that Japanese firms do not want to spend on investment until […]
Dollar Weakens As Huge Week Of Economic Data Gets Underway
Dollar Weakens As Huge Week Of Economic Data Gets Underway
Overall: Once again, positive economic news spurred traders to accept more risk and sell the dollar in favor of higher yielding currencies. The dollar decreased against all of the other major currencies, reversing direction from the European session, helped by pending U.S. home sales. The release […]