Fed Chairman Ben Bernanke didn’t drop more hints yesterday in his speech to GW University students. Unlike Monday’s talk where he outlined the need for further stimulus to boost employment growth, Bernanke stayed the course with the subject content, and discussed how the Fed has assisted the US economy in the last few years. Bernanke defended the Fed’s Asset Purchases and near 0.0% interest levels as being beneficial for the overall US economy.
Thursday, March 29, 2012
Wednesday, March 28, 2012
One of the great things about Forex trading is the various opinions on any Forex pair. Chat rooms and forums will rarely see much of a consensus, with traders battling it out with their opinions. Currently, we have such a battle in the GBPSUD from two leading banks in Europe. On one side, Danish firm Danske Bank has recommended to clients to be buyers of the GBPUSD on nay dips with a target above 1.6000. Contrasting their statements is German Commerzbank which believes the GBPUSD will see weakness as it tested but failed to cross above the 1.6000 figure.
Tuesday, March 27, 2012
Bloomberg, Deutsche Bank has recently surpassed BNP Paribas for the biggest bank in Europe in terms of balance sheet. The companies assets have now hit $2.88 trillion; that’s nearly the size of all of Germany’s GDP.
Monday, March 26, 2012
King World News, Mr Cashin shares his views on the US equity market, Oil, Bonds, and pretty much everything in between. These are some of his main statements during the interview.
Friday, March 23, 2012
In a research report, Barclay’s Capital was out with positive research notes for oil prices for the remainder of the year. The investment bank expects prices to remain strong as oil benefits from low spare capacity, geo political issues, and rising economic growth.
Apart from oil, Barclay’s also expects precious metals prices to do well overall as demand remains strong for commodities. Apart from commodities, Barcllay’s continues to recommend lowering exposure to Europe as its ongoing credit crisis could hamper investment results.
In early morning trading, the EURUSD and GBPUSD have bounced off yesterday’s lows with the EURUSD trading just below 1.3200 and the GBPUSD at 1.5810. However, yesterday’s big losers, the commodity currencies, continue to see selling pressure. Dropping them yesterday was a worse than expected Manufacturing PMI number from China that raised fears that the fastest growing country in the world will be slowing its commodity purchases.
Thursday, March 22, 2012
Yahoo Finance’s Breakout staff met with Paul Hickey, from Bespoke Investment Group on whether bullish comments from Equity analysts is a sign of a market top. As Mr. Hickey points out, analysts are only now starting to issue upside revisions as a whole, and have missed the entire second half of 2011 US economic growth rally. So are analysts simply chasing a market that they missed out of, or are the good times for US stocks still ready to roll.
Wednesday, March 21, 2012
Opalesque Radio. And, of course this comes as Us employment is improving and overall economic trends are all on the rise. Roger’s, main concern is the valid point of the US’s massive debt load.
Labels: jim rogers
Tuesday, March 20, 2012
A double whammy of negative news is hitting commodity currencies today and triggering sour forecasts from Forex traders and economists towards the future. First up was the release of MPC Minutes from the Reserve Bank of Australia. The report showed that the central bank will be holding interest rates unchanged for the next few months. Later in the day were reports that China’s growth is in fact slowing which will decrease demand for commodities.
German month over month PPI was just released at 0.4% versus 0.5% expectations. The drop in PPI follows previous reports last month of the country experiencing negative growth. As such, after an imppresive late afternoon rally yesterday to a high of 1.3265, the EURUSD could be vulnerable to selling pressure if it breaks below its 1.3220 support (see chart)
Monday, March 19, 2012
Thursday, March 15, 2012
Do you have an IPhone, IPad, IPod, or Mac? Chances are you do and so do hundreds of millions of others which has led shares of Apple to keep heading higher as sales continue to exceed expectations. Today, shares hit an all time high as they briefly passed $600 a share this morning. The continued momentum in Apple has smothered worries that the company would suffer following the death of Steve Jobs. On the contrary, shares have gained over 50% since his passing.