Posts Tagged ‘Dollar’
Loss of Confidence Surrounding the US Fundamentals
August 12, 2010 | 
Author Loss of Confidence Surrounding the US Fundamentals by Darrell Jobman
EUR/USD Risk appetite faltered in Asian trading on Wednesday and the Euro retreated back towards the 1.31 area against the dollar as confidence in the global economy deteriorated. The US trade deficit for June was sharply worse than expected with a 21-month high of US$49.9bn from a revised US$42…. Day Trader:..>>> More »
Posted in Markets | 
Tags: Confidence, Darrell Jobman, Day Trader, Dollar, Eur Usd, Euro, Global Economy, Global Trade, Risk Appetite, Us Trade Deficit | 
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The Dollar Drops While China Rocks
The Dollar Drops While China Rocks by Phil Flynn of PFGBest
The dollar drops while China rocks. China has either given in to pressure or has realized that its peg to the dollar may soon become counterproductive.China shook the global markets by announcing that they were going to allow their currency to be more flexible. As expected, oil soared on the news because the move will make oil cheaper in China and may inspire more Chinese buying of more commodities! Yet will this be for the long haul as a stronger yuan may slow exports by making Chinese goods more expensive overseas. For now though it is a commodity buying spree as the markets react to what most people feel will be the most obvious result.
Posted in Markets, Stocks | Tags: Buying Spree, China Rocks, Chinese Goods, Commodities, Commodity, Currency, Dollar, Global Markets, Long Haul, Peg, Pfgbest, Phil Flynn, Yuan | Comments Closed
