Archive for December 12th, 2008

Larry's Blog

Next Week

December 12, 2008

The three premier events next week happen early: Japan’s quarterly business survey (also known as the Tankan) at 23:50 GMT on Sunday, Euroland’s preliminary PMI readings for manufacturing, services, and the composite index due Tuesday at 09:00 GMT, and the FOMC interest rate announcement later on Tuesday at 18:15 GMT. The Tankan is managed by […] More

Foreign Exchange Insights and Next Week

Weekly Foreign Exchange Insights: December 12th

December 12, 2008

The holiday season, such as it is in this year to forget, will envelop currency trading next week. The dollar falls more times than not in the second half of December and approaches this one with a distinctly offered tone. Fourth-quarter dollar highs were reached in October against the yen, euro, Canadian dollar, and Australian […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Officials Get Cold Feet

December 12, 2008

The U.S. senate rejected a $14 billion bailout for Detroit automakers. Leaders in the EU scaled back their fiscal stimulus proposals to 1.5% of GDP after objections from German leaders. More ECB officials suggest that interest rates will not be lowered much further despite deepening recession. Recession fears depressed stocks sharply in Asia and Europe. […] More