British Pound Soars as Consumer Spending Growth Hits Record Levels Based upon the degree of retail sales growth in the month of May, the Bank of England should have nothing to worry about. Consumer spending grew by 3.5... Go to Full Article

Mild Gains in the Dow Lead to Mixed Trading Day in Yen Crosses The Japanese Yen weakened against the US dollar, British pound and commodity producing currencies but strengthened against the Euro and Swiss Franc. Go to Full Article

Will Canadian Retail Sales Lead USD/CAD Back Toward Parity On Friday? The release of Canadian consumer spending data is likely to add to evidence suggesting that the Bank of Canada will leave rates unchanged going forward,... Go to Full Article

More Gains for the Canadian, Australian and New Zealand Dollars Despite lower commodity prices and dollar strength, the Australian, New Zealand and Canadian dollars extended their gains against the greenback. Go to Full Article

Forex Trading - Philly Fed Much lower -17.1 (expected -10) PHILADELPHIA FED EMPLOYMENT INDEX -6.9 VS -1.0 More weakness on the job front but PHILADELPHIA FED PRICES-PAID INDEX 69.3 VS 53.8 more inflation risk the CB balancing act will continue to be very dramatic ie - volatile markets ahead. ...

Paulson As Wall Street’s Benedict Arnold The Prince is eagerly looking forward to Treasury Secretary Paulson’s speech scheduled today. As many readers know, the Prince has taken a keen interest in trying to predict and follow the regulation that is sure to come for investment ... Go...

FedEx, Financials Take Markets Lower FedEx (FDX) made an express delivery of disappointment to the markets this morning, but the transportation exchange traded fund (ETF) is holding steady in early trading. The company said that falling demand and rising oil and gas prices ... Go to...

Not All ETFs And Mutual Funds Are Created Alike; Know The Differences Exchange traded funds (ETFs) are gunning for the mutual fund throne. But as investors try to figure out what’s right for them, it’s important that they know what the differences between the various types of funds happen...

Daily Forex Market Commentary EURO. The euro weakened vis-Ã*-vis the US dollar today as the single currency tested bids around the US$ 1.5465 level and was capped around the $1.5535 level. Technically, today’s intraday low was right around the 23.6% retracement of ... Go to Full Article

JP Morgan “Honoring Commitments� To Incoming Analysts? When JP Morgan (jpm) bought Bear Stearns, it kept on some of the incoming analysts from Bear Stearns. Many recent graduates who had accepted analyst positions in JP Morgan’s investment banking division were worried when they heard...

Royal Bank Of Scotland Issues Crash Alert And BIS Warns Of Great ... Gold closed at $884.20 in New York yesterday and was up $1.00; silver closed at $17.05, down 19 cents. Since then gold has again traded in a range between $880 and $890 in Asian and early European trading this morning. ... ...

Global Equity And Credit Meltdown On The Horizon? The Prince was very intrigued by this article (check out the comments too) this morning from the Telegraph describing the rather scary warning issued by RBS research analyst Bob Janjuah. According to the article Janjuah’s report ... Go...

RBS Predicts Global Market Crash: What’s In It For Them? According to the UK daily newspaper Telegraph, a research team from Royal Bank of Scotland is warning investors to get ready for a “full fledged crash in global stocks and credit markets over the next three months�, noting...

Whipsaw Day For USD Today’s US Dollar Trading • Overseas data USD negative • USD rally falters in US trade • Volumes lighter. Overnight Preview • USD likely to remain technical in nature • Look for more downside pressure. Looking Ahead to Wednesday ... Go to Full Article

Is Goldman Sachs Playing A Fair Game? While summer doesn’t officially start until Saturday, in many ways it feels as if summer markets are already here. Vol sellers have emerged in equities, fixed income, commodities, and currencies, while conviction and trading interest is ... Go to...