Weekly Technical Update: Greenback Weakened Post Non-Farm Payroll

Friday, September 3rd, 2010

The USD was in consolidation/ correction mode this week ahead of the NFP. This is in a sense the market’s way of paring some overextended USD gains, but also offers a chance for the market to continue with greenback strength

Read more here: 
Weekly Technical Update: Greenback Weakened Post Non-Farm Payroll

Risk Rebounds on Improving Global Data

Friday, September 3rd, 2010

The past week began with disappointment stemming from Japan’s lack of direct currency intervention and risk aversion looked probable to continue into the week.

Read more here:
Risk Rebounds on Improving Global Data

Is this an Audacious Obama Hope Rally?

Friday, September 3rd, 2010

The strong rally in risk into today’s close in the US today can’t be about this week’s economic data particularly as the ISM non-manufacturing index for August showed a steep deceleration. So why the rally? The combination of an equity rally and a lousy ISM resulted in the predictable

Read more here:
Is this an Audacious Obama Hope Rally?