Archive for March, 2010
« Previous EntriesNot So Fast!
Wednesday, March 31st, 2010Earlier this morning, the market was in a good mood as a Greek Plan to issue bonds in Dollars was widely accepted which may help them reach their goal to raise capital to fund debt. In addition, news out of Ireland that they will raise private capital to help their banks after “appalling lending” was [...]
The Real Green Shoots?
Tuesday, March 30th, 2010The markets are higher this morning on increased optimism that economic recovery is gaining traction in a continuation of yesterday’s gains. This morning, US Consumer Confidence is due out as well as the Case Shiller Home Price Index which is expected to show that home price declines have slowed. In the meantime across the pond, [...]
Money Never Sleeps!
Monday, March 29th, 2010This week is a shortened week due to the Easter/Passover holiday for the stock market as it is closed this Friday. Coincidentally, this Friday is also the Non-Farm Payrolls report which is the “grand-daddy” of forex market news. It will be interesting to see how traders position themselves prior to NFP so we could see [...]
Crisis Averted—For Now!
Friday, March 26th, 2010With the drawn-out drama in Europe over the Greece crisis weighing heavily on the Euro, a temporary respite may be in order as the EU members have finally agreed to a solution. Leaders have agreed to a mix of IMF and other loans which all but guarantee the debt. This will help Greece find more [...]
A “Normal” Day!
Thursday, March 25th, 2010This morning, the market is in risk-taking mode as a series of better than expected economic figures have come out showing signs that the global economy is recovering. In New Zealand, GDP grew at its highest levels in almost two years, meeting analyst expectations. Earlier today the UK reported much better retail sales figures, which [...]
Euro-Mess!
Wednesday, March 24th, 2010It’s no secret that the majority of the risk in the global marketplace is coming from the Euro zone. Most recently, the debt problems in Greece have been center-stage; however now it looks like the fun is spreading to Portugal. Earlier this morning, Fitch ratings agency cut its outlook on Portugal, citing the sluggish economy [...]
Pound Down, Housing On Tap!
Tuesday, March 23rd, 2010In what I deemed a “light” week for economic news, the big news of the morning is the UK CPI figures. Prices in the UK were slightly lower than expected, with CPI coming in at 3% vs. an expectation of 3.1%. While it is good that there is seemingly no inflation, this could put pressure [...]
Health Risk!
Monday, March 22nd, 2010Last night, the US Congress passed a historic bill that will change the way healthcare is provided in the US. Whether you are for or against this bill right now is immaterial; however the uncertainty surrounding its passage may keep markets fearful for some time. If there is one thing the markets hate, it is [...]
Canada Heating Up!
Friday, March 19th, 2010I’ve been pounding the desk as of late telling anyone who will listen that the Loonie is the place to be. Hopefully, reader, you’ve taken that advice. This morning, the Loonie is higher as inflation in Canada came in higher than expected. Canadian CPI came in at 2.1% vs. an expectation of 1.7%, which may [...]
What is Chermany?
Thursday, March 18th, 2010Remember this word: Chermany. It is the new, hip lingo for speaking about China and Germany. What do these two have in common, you may ask? These are the top 2 largest exporters of manufactured goods in the world. As you might expect, this means that they have trade surpluses and thus are in positions [...]
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