Video Recap: Moody’s and Fitch Issue Warnings on UK and Euro
The Pound slid overnight as Moody’s said UK banks could suffer further write downs and Fitch warned that the UK sovereign credit profile deteriorated. The Euro was pressured by Fitch’s warnings on Portugal and Greece, and with commodities and equ
Rise of the market-mimicking state
When the Berlin Wall fell in 1989, free market fundamentalists crowed that it was the end of central planning and the triumphalism of their philosophy.
Video Recap: Overnight Risk Appetite Gives Way in NY
Overnight higher-yielders and growth linked currencies including the Aussie, Kiwi and Euro rose against the Dollar and Yen as equities were higher in Asia and Europe following the better than expected jobs reading in the US on Friday. Also, Frenc
Gold's $87 Annual Dividend - Monday 8th March 2010
PUBLISHER of the Midas Letter, James West believes gold is the store of value everybody resorts to when times are rough.
Gold Bull Market is Back! - Monday 8th March 2010
BACK in December, I got spooked about gold, writes Steve Sjuggerud in his Daily Wealth.
The Bubble That Broke the World
Jonathan M. Finegold Catalan writes: With the United States and much of Europe buried in public debt, many wonder how world governments will solve their impending budgetary crises. The economics profession has split into two camps: those who prom
Very strong market this week
As I do every weekend on Financial Tides, I use Barchart to filter out all the noise I've read all week long and step back for an objective, by the numbers view of what the market really did and how strong it reacted to all the hype from who know
Video Recap: Dollar Strengthens; ECB and BOE Lack Surprises
The ECB, while extending some stimulus measures in its interest rate meeting, also took some small steps to tighten monetary policy. The Euro was pressured as a positive report on weekly jobless claims contrasted with the fiscal problems in the E
SSI: USDJPY Ratio Pulls Back From Bullish Extremes ...
Intraday Highlight:USDJPY - The ratio of long to short positions in the USDJPY stands at 2.41 as nearly 71% of traders are long. Yesterday, the ratio was at 3.41 as 77% of open positions were long. In detail, long positions are 1.4% higher than
USD Retraces Gains as Sentiment Improves
Risk appetite has slowly recovered and the initial shock of the Federal Reserve’s surprise discount rate hike has diminished this past week. Naturally, the combined influence these two developments would have on the US dollar would further weaken
Video Recap: Greek Measures and Data Help Risk Appetite
The markets took well Greece’s proposal to further cut its budget by as much as $6.6 billion using spending cuts and new taxes. The Euro rallied and broke above the 1.37 level against the greenback. A strong US services report helped US equities
GDP and Dollar Growth: It's All Happening in Australia
I have to say front and center this morning, that while it may have taken the currency traders half a day to realize that Australia had raised rates, they finally began pushing the Aussie dollar (AUD) higher versus the green/peachback.


