bloomberg.com - 10/8/2009
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Trichet Signals Rates on Hold as Euro’s Gains Threaten Recovery
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Today's Headlines
Between the Hedges —
Bloomberg: - Mortgage rates for 30-year fixed U.S. home loans fell for the second consecutive week, pushing borrowing costs to near record lows. The average U.S. 30-year rate dropped to 4.87 percent from 4.94 percent last week. The 15-year rate was 4.33 percent ...
On the Cusp of a Fascinating Earnings Season
The Big Picture —
Good Evening: The major U.S. stock market averages rose for a sixth straight day today, and the S&P 500 set a new closing high for 2009 in the process. I will first breeze through today’s events before examining what I think could be a fascinating earnings season. Since there are important similarities and differences between this quarter and last, I’ll try to look at the U.S. markets from different angles in search of predictive clues. Fundamentals, technicals, sentiment, and Fed policy all go into the mix, but it will just as important to watch how various stocks REACT to their earnings reports. Whether investors feel forced to ...
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The Euro Puzzle
tradinggoddess.com 6/18/2009 — The above chart is the EURO against the dollar. It is by far I believe the most watched chart in the world. Currently, it is being a pain to swing trade. A sell signal has been issued but in such a way, there is little to gain from it if you agree ...
See Inflation With Your Own Eyes
prudentinvestor.blogspot.com 7/29/2009 — Preparing my favorite cooked breakfast of bacon & eggs with fried tomatoes and baked beans on toast I stumbled upon another sign of food inflation. While this depicted can of baked beans costs an unchanged 89 Euro cents in my local supermarket I get less product for the same price. ...
Why the euro is not the next global currency
ft.com 10/20/2009 — The explosion of debate on the demise of the dollar has been instructive, though vastly premature. What is striking, however, is the absence of the euro from talk of alternatives as the global currency. Currency baskets, SDRs, even ...
Germany’s Recession Worsens Again
fistfulofeuros.net 3/12/2009 — Well sometimes it never rains but it pours, and as far as Germany is concerned, economically speaking (and my condolences to each and every German for yesterday’s tragedy) more than a “rainy season” what we seem to have is a monsoon, with a torrential downpour one day after ...
Euro Tops $1.50; Pound Jumps
online.wsj.com 10/21/2009 — BY NEIL SHAH The dollar crossed the key $1.50 threshold against the euro today before a slight pullback, raising more concerns in Europe about the strength of the euro and the impact it might have on any nascent recovery. European policy makers have ...
Euro Dollar bullish reversal ?
gicharts.blogspot.com 7/10/2009 — Euro Dollar bullish reversal ? Pay attention to that important support channel Go long, focus on that stop loss level
Was the Euro a Mistake?
VoxEU.org 1/21/2009 — Barry Eichengreen , 20 January 2009 2008 was the year of asymmetric financial shocks for the Eurozone, but 2009 is the year of the symmetric economic shock. All of Europe is slipping simultaneously towards recession and the threat of deflation. Here ...
Time for the ECB to get serious about the overvalued euro
blogs.ft.com 10/19/2009 — The euro has become a currency on steroids. Its relentless nominal and real appreciation since the end of 2000 was briefly interrupted in the second half of 2008, but resumed with a vengeance during 2009. The strength of the currency is hurting the ...
Euro trims gains after Fitch cuts Ireland rating
reuters.com 11/4/2009 — LONDON, Nov 4 (Reuters) - The euro trimmed gains against the dollar and the yen while the spread between Irish and euro zone government bond yields widened on Wednesday after ratings agency Fitch cut its sovereign rating of Ireland. Fitch downgraded ...
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