The trillion dollar question for the financial markets is whether or not the global economy is strong enough to accept the hand-off from central bank and government stimulus. After 15+ years trading the financial markets we have found only one statemen…
<ul><li>Jan. 30–TransCanada Corp. on Friday filed with regulators hundreds of pages of new information describing how it plans to obtain commitments for natural gas to fill its proposed multibillion-dollar North Slope pipeline. </li>…
Market Direction Summary (01-27-2010)
Dow-30 +41.87 @ 10236.16; S&P 500 +5.33 @ 1097.50; Nasdaq 100 +15.04 @ 1818.90; Russell 2k +6.22 @ 618.38; VIX -1.41 @ 23.14; U.S. Dollar Index +0.24 @ 78.72; 10 Year Tsy Rates +0.14 @ 36.44; Crude Oil -0.86 @…
The Fed met this week on monetary policy. It was a bit of a snoozer. What wasn’t a snoozer, however, was what they’ve included in their recent monetary policy statements regarding currencies.
<ul><li>BUENOS AIRES, Argentina – Argentina’s Central Bank chief resigned Friday, saying he could do no more to protect the nominally independent institution from the president’s efforts to control its dollar reserves.</li><li>M…
The U.S. Dollar closed out the month of January sharply higher as aggressive buyers helped the Greenback surge to the upside following Friday morning’s better than expected U.S. GDP report. The report which blew out forecasts encouraged traders to bu…
One of the forces that we expected to emerge in January was an unwinding of some of the trends seen in December. This force was evident in parts of the foreign exchange market. The poorest performing currency against the dollar in December was the Japa…
<ul><li>Fitch Ratings has assigned a preliminary rating of ‘A’ to the $250 million 2010-A notes issued by SBP DPR Finance Company (Scotiabank Peru). </li><li>The notes are the first issuance from the newly established dive…
<ul><li>Intrepid Mines Limited (TSX: IAU)(ASX: IAU) (the "Company") is pleased to announce the release of its report for the quarter ended 31 December 2009 regarding mining production, development and exploration activities, as re…
Gold prices continue to be under pressure as the Dollar strengthens. The yellow metal started the week testing resistance at the $1100 level, but it headed south as the US currency rallied curbing the demand for metals as an alternative investment.