Archive for September 7th, 2012

Foreign Exchange Insights and Next Week

Does America’s Presidential Choice Matter to the Dollar?

September 7, 2012

Currency traders are watching several developments, but the three matters that are drawing most attention are next week’s FOMC meeting, the U.S. presidential election campaign, and the ECB’s ramped-up defense of the euro. The first and second of these issues are related.  The election race can be a constraint on the timing of Fed reaction […] More

New Overnight Developments Abroad - Daily Update

Markets Reacting Well to Draghi Unlimited Yet Conditional Bond Buying Commitment

September 7, 2012

Equities in the Pacific Rim jumped by 4.5% in China, 3.1% in Hong Kong, 2.6% in South Korea, 2.2% in Japan, 2.0% in India, 1.0% in Indonesia and the Philippines, and 0.8% in Australia and Singapore.  Australia’s market only firmed 0.3%, by comparison.  In Europe, stocks are up 2.2% in Italy, 1.1% in France, 0.9% […] More