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Market Overview by Forex Yard
Economic News
* USD
Core PCE Price Index Help boost the USD
As the U.S. Congress studies the government's $700 billion rescue proposal, the dollar will face some pressure to go lower as trader confidence in the dollar becomes further damaged. There is still...
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Down Under Currencies to Fall
Forex trading forecast for Australian dollarThe down under currencies are struggling right now, and the forex trading forecast does not look promising for the Australian dollar and the New Zealand dollar.Much of the success of the down under currencies in FX...
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Wachovia Daily FX Report
Gain a wider view of the factors behind current economic news with comprehensive analysis and commentary from Wachovia Economic Commentary and Currency Risk Management Groups
Click for the full report.
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Market Update from Trade The News
European Market
Update: Sense of calm returns; European equities recover from opening level
lows; Carry-trades in focusface=Arial>
*** ECONOMIC DATA ***
- (JP) Aug Housing Starts
Y/Y: 53.6% v 49.8%e; Annualized Housing Starts: 1.13M v...
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Market Overview by Forex Yard
Economic News
* USD
Core PCE Price Index Help boost the USD
As the U.S. Congress studies the government's $700 billion rescue proposal, the dollar will face some pressure to go lower as trader confidence in the dollar becomes further damaged. There is still...
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AUD/USD - Australian Dollar US Dollar, American Session - 30/09/08
0,8063.
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EUR/AUD - Euro Australian Dollar, American Session - 30/09/08
1,7766.
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EUR/CAD - Euro Canadian Dollar, American Session - 30/09/08
1,4970.
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EUR/CHF - Euro Swiss Franc, American Session - 30/09/08
1,5772.
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After Reloading With Wachovia’s Banking Business, Citigroup Takes ...
Citigroup Inc. (C) will acquire Wachovia Corp.’s (WB) banking operations for $2.l6 billion, a deal that will restore Citi’s title as the biggest US bank by assets while transforming the once-highly regarded Wachovia...
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Although The Bailout Bill Was Rejected, It’s No Time To Panic
Unless you’re the chairman of the George W. Bush Presidential Library hoping for one last truly memorable economic achievement that would guarantee some big donations – as well as eventual visitors – the failure of the...
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Bearish Patterns In S&P 500 Charts
I want to profile 1-day, 3-day, 5- day, and 10- day charts of the S&P 500 (^GSPC) to point out the technical aspects of what occurred over the past few days. Technically, there were some obvious patterns that dictated holding a short ...
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Charting Of General Motors
A reader asked me to analyze General Motors (GM). Although I do believe the $25 billion in loans that got approved will help automakers in the long-term, the short-term doesn’t look pretty. The $9-$10 support level … ...
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Current Crisis: Caused By Bad Bank Management Or Banking Structure?
The graphic below depicts the history of various Investment Banks over the years:. Graphic courtesy of the WSJ. So the obvious take away from all of this is that the lines between I-Banks and Commercial banks were established...
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Advice For Stock Investors
Dear Investor,. I realize that you have questions about what to do with your portfolio. First, don’t panic. Though the proposed bailout failed to pass on the first vote, House leaders are working on getting a second vote. ...
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