Archive for the ‘General’ Category
The USD rose to the highest level in almost two months against the European currency ahead of a report tomorrow will show European producer prices slid a fifth month, giving the European Central Bank (ECB) more room to cut Interest Rates. As inflation is slowing and the Euro-Zone economy deteriorates, the Dollar is likely to [...]
U.S. Dollar Trading (USD) was well supported as US GDP beat estimates although it fell the most in 18 years down -3.8% in the 4th quarter Y/Y. US stocks fell 2% as the market absorbed the recessionary numbers. The USD benefited though as safe haven buying supported. Consumer Sentiment was revised to 61.2 vs. 61.9 [...]
The markets are crazy, even funny these days. After the surprisingly worse NFP the market reaction was more volatility. If you read the comments on Bloomberg’s web site you’ll find out that the oil and copper prices rose because the weaker dollar prompted investors to buy commodities, but platinum and palladium fell on concerns slower [...]