Dollar Eases vs Yen
The dollar fell against the yen on Friday and the euro weakened versus the dollar. David Johnson from Halo Financial has the latest.
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The dollar fell against the yen on Friday and the euro weakened versus the dollar. David Johnson from Halo Financial has the latest.
(CEP News) - According to strategists, markets are extremely pessimistic ahead of Friday’s U.S. Q4 GDP report.
(CEP News) - Economic data is back in focus on Thursday with U.S. durable goods, jobless claims, and new home sales, after which the U.S. government is expected to sell another record $30 billion in five-year Treasury notes at 1 p.m. EST.
US stocks looked set for a higher open Wednesday ahead of the Federal Reserve’s interest rate meeting. Yra Harri from Praxis Trading has a preview of the trading day.
(CEP News) - The FOMC rate decision and some major procedural hurdles for the U.S. fiscal stimulus package in the House of Representatives are likely to dominate the day’s events as Germany gives the markets is January CPI statistics, and the Reserve Bank of New Zealand announces its interest rate decision.
(CEP News) - U.S. consumer confidence and house prices are on tap as Canada gears up for the official unveiling of its budget and rumoured fiscal stimulus package, along with comments from Bank of Canada Governor Mark Carney. Also of interest will be the UK’s unveiling of an auto bailout plan and the FOMC begins [...]
(CEP News) - U.S. existing home sales are the main economic data point of the day, but the United States is also currently in the midst of earnings season with several major firms reporting results on Monday.
The Dow is likely to trade in the 8,000 - 9,000 range for the whole year as it is a “period of unprecedented uncertainty in the equity market,” Leo Tilman, president of L.M.Tilman & Co, said Monday. Credit is a good buy longer term, Tilman added.
(CEP News) U.S. Housing Starts Fall to Record Low; U.S. Jobless Claims Return to 16-Year High; BOC’s Carney Expects Economic Turnaround in H2.
Any impact, if any, of Singapore’s upcoming 2009 Budget on its currency will be shallow and short-lived, believes Olivier Desbarres, director, FX strategy at Credit Suisse. He also offers his view on where other Asian currencies are headed, with CNBC’s Karen Tso.