NEW YORK (AP) - dollar dégringolé contre les autres devises principales mercredi, le contact d'un bas frais contre livre pendant l'année et d'un bas de quatre mois contre l'euro comme signes d'une résolution à la crise financière a conduit des investisseurs aux investissements riskier. Actions ordinaires en à l'Europe et aux États-Unis s'est levé, de même que prix du pétrole, comme les investisseurs encouragés sont entrés leur argent comptant dans des produits et des stocks.
Depuis l'été passé, le dollar a tendu à commercer inversement aux stocks, comme les investisseurs craintifs ont abandonné leurs positions dans les marchés et les produits naissants et ont sauté à l'attrait de la « sûreté » du mâle. Quand les stocks et les prix du pétrole tendent plus haut, ce modèle tend à s'inverser.
L'euro a sauté à $1.3782 en matin commerçant à New York de $1.3650 défunt mardi, faisant une pointe plus tôt à $1.3794, son prix plus élevé depuis janv. 8. Lisez plus…
*Still trop tôt pour mesurer la sévérité de grippe de porcs
les *As traumatiques pendant que le SRAS était en termes de son impact humain, les marchés n'ont à peine réagi à lui
les *This chronomètrent, l'économie globale et les marchés des placements sont plus vulnérables qu'en 2003
*However, si ceci semble être containable en quelques mois As SRAS (Syndrôme respiratoire aigu sévère) était, bilans de banques les' sont susceptibles de dominer - lancez le sentiment, plutôt que la grippe
Beaucoup dépend de la sévérité de cet épisode - et c'est un grand inconnu. Both economic and market impacts are almost impossible to quantify at this stage because of the many unknowns about the magnitude/severity of the swine flu. It depends on how easily the virus is spread human-to-human, the ability to detect the virus early, the effectiveness of border controls, and the mortality rate. Read more…
HONG KONG (AP) — Asian stock markets recovered Wednesday as better-than-expected U.S. data gave investors hope of a turnaround in the world’s largest economy and helped offset their fears of a swine flu pandemic.
After two days of declines, most of the region’s major markets posted broad-based gains. Airline stocks, slammed in recent days amid worries about the disease’s toll on travel, rebounded sharply. The dollar strengthened against the yen, while oil prices were steady.
Investors were cheered after a closely watched measure of U.S. consumer confidence soared in April, suggesting Americans may be ready to spend again — a boon for export-driven Asian countries. An easing in the pace of home price declines also boosted sentiment. Read more…
The Yen has been the main story overnight as the currency has re-established its safe-haven status with the potential “swine flu” pandemic sending cautious investors to the sidelines. The fact that the health concerns are based in the Western hemisphere has heightened concerns as it could negatively impact the U.S. economy where the most stimulus has been enacted and is the expected source of growth to help stem the current global downturn.
Talking Points
• Japanese Yen: Finds Support On “Swine Flu” Fears
• Pound: Housing Markets Continues to Show Weakness
• Euro: Deflation Concerns Remain
• US Dollar: Durable Goods Orders On Tap
Dollar, Yen Find Support On “Swine Flu” Pandemic Fears, Adding To Concerns Over Bank Stress Tests
Market sentiment has stabilized over the past week as traders wait for fundamentals to either catch up to optimism or draw the budding recovery to a grinding halt. Ongoing earnings releases, first quarter growth reports from the world’s largest economies and a series of meetings attended by global policy makers can decide the fate of growth and optimism for months to come.
• Dollar, Yen And Risk Appetite Await G20 Meeting And US GDP
• Do Better Than Expected Earnings Signal A Turn For The Economy?
• Where Will Optimism Develop Without Confirmation Of A Recovery?
A consensus has formed that the government’s massive money printing and debt-powered spending binge will soon destroy the destroy the dollar, crippling the remaining savings of anyone dumb enough not to buy “real” assets–like gold.
John Mauldin, president of Millennium Wave Advisors, thinks that’s ridiculous. He’s also author of the popular e-letter.
The Fed is printing money, Mauldin says, but overall credit is being destroyed. The government is desperately trying to bring back inflation, so we can lessen the real burden of our huge debts, but this will take a year or two at best.
So in the meantime, Mauldin says, ignore the gold bugs. They’ve been wrong for 25 years and they’ll keep on being wrong for the foreseeable future.
A consensus has formed that the government’s massive money printing and debt-powered spending binge will soon destroy the destroy the dollar, crippling the remaining savings of anyone dumb enough not to buy “real” assets–like gold.
John Mauldin, president of Millennium Wave Advisors, thinks that’s ridiculous. He’s also author of the popular e-letter, “Thoughts from the Frontline.”
The Fed is printing money, Mauldin says, but overall credit is being destroyed. The government is desperately trying to bring back inflation, so we can lessen the real burden of our huge debts, but this will take a year or two at best.
So in the meantime, Mauldin says, ignore the gold bugs. They’ve been wrong for 25 years and they’ll keep on being wrong for the foreseeable future.
A consensus has formed that the government’s massive money printing and debt-powered spending binge will soon destroy the destroy the dollar, crippling the remaining savings of anyone dumb enough not to buy “real” assets–like gold.
John Mauldin, president of Millennium Wave Advisors, thinks that’s ridiculous. He’s also author of the popular e-letter, “Thoughts from the Frontline.”
The Fed is printing money, Mauldin says, but overall credit is being destroyed. The government is desperately trying to bring back inflation, so we can lessen the real burden of our huge debts, but this will take a year or two at best.
So in the meantime, Mauldin says, ignore the gold bugs. They’ve been wrong for 25 years and they’ll keep on being wrong for the foreseeable future.
- Euro Breaks Below 1.3000 - German ZEW Survey Could Impact Trade on Tuesday
- British Pound Tumbles Against Safe-Havens - UK CPI May Fall Back Into BOE’s Inflation Target Range
- Canadian Dollar Under Pressure Ahead of Bank of Canada Rate Decision - What to Expect
US Dollar, Japanese Yen Rally on Flight-to-Quality as Investors Fear Results of US Bank Stress Tests The US dollar and Japanese yen surged on Monday as risk aversion shook the markets once again. Indeed, there is substantial uncertainty about the health of the financial markets as the US government performs stress-tests on the 19 biggest US financial institutions, and the results will not be announced until May 4. Until then, investors could remain jittery, especially when they see announcements like the one released by Bank of America today, as they said the net charge-off rate rose to 2.85 percent from 1.25 percent a year earlier, while credit-card losses increased to 8.62 percent from 5.19 percent. With the US recession lingering on and job losses accelerating, banks may find that they are persistently weighed down by consumers’ inability to pay. Read more…
Technical analysis is the study of stock prices and pricing patterns that can help investors determine whether a stock is overbought (expensive) or oversold (cheap). By using various technical indicators together, called correlation, traders can bring the “big picture” about a stock into clearer focus.
Here we’ll look at volume, the Aroon indicator and Fibonacci numbers, three technical analysis tools that can be used to help facilitate more profitable trades. In fact, investors can use them in conjunction with each other to spot emerging trends and stay ahead of the crowd. Read on to find out how. Read more…
Those trading in the foreign-exchange market (forex) rely on the same two basic forms of analysis that are used in the stock market: fundamental analysis and technical analysis. The uses of technical analysis in forex are much the same: price is assumed to reflect all news, and the charts are the objects of analysis. But unlike companies, countries have no balance sheets, so how can fundamental analysis be conducted on a currency? Read more…
The US dollar was put through the ringer this past week as market participants were left to wonder where the currency would find strength as its primary, fundamental pillars started to give way. There is no better gauge for the health of the greenback than price action itself. The dollar index suffered a 345 pip decline through Friday’s close – the biggest weekly drop in years. Read more…
