Currency
Currency Articles
Moody’s says it may upgrade the sovereign rating of China from its current A1 level. That would put it on a fast track to match the levels of several other European nations with faltering...
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Sometime in 2010, gold fever became gold mania and then a gold panic. Now comes word from Brett Arends of the Wall Street Journal that that many investors are sitting on the sidelines. In his...
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China’s Premier Wen Jiabao has told European leaders that if they join the US in an effort to devalue the yuan that all will regret the decision. “I say to Europe’s leaders: don’t join the...
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The euro was under siege in the spring and sold down to $1.17. The S&P 500 rose during the same period from 1,100 in early April to 1,210 in late May. Wall Street expected large American...
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The House Ways and Means Committee rejected arguments by China and some economists that the manipulation of the yuan has been harmless to US trade. China recently stated that America could no longer...
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After seeing headlines “The Yen at Multi-Year Highs Against the Dollar” for days, we finally saw a sudden change. Japan intervened on its currency to prop up the US Dollar. This may not be...
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Nearly every stock and ADR/ADS of European banking stocks are lower so far on Tuesday over concerns over debt levels and downside levels of recent stress tests not factoring in the right risks in the...
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You have not heard as many arguments for the case of deflation gathering much more steam since commodities have gone back up in price. The only real nation with deflation on a currency-adjusted...
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The recent bank stress tests in the E.U. on July 23 were arguably a greatly watered down test. But the stress test did act as a buffer on the Euro currency even more than the economy. We would even...
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The E.U. bank stress tests are due at 12:00 PM EST today, an interesting time considering that the U.S. will be the only active market. Many of the top banks are lower ahead of the reports, partly on...
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For some reason, the huge trade gap announcement did not stir much concern in Congress about the value of the yuan. The figure rose to $42.3 billion in May. Instead of focusing on the 12.1% increase...
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Chances are good that you have heard of trading theories such as “The January Effect,” “The Super Bowl Effect,” and even the “Sell in May and Go Away!” trading strategies. What about...
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Maybe the markets felt directionless for most of Friday ahead of earnings season, but the trading action of this week might make some wonder if a Double-Dip Recession is less likely. The economic...
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Prepaid financial services are coming back, a classic sign of the times that many people will be left with no credit at all or with very little credit for years. Green Dot Corporation (NYSE: GDOT)...
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A little over two weeks ago, we ran a list of “8 Big Companies With High E.U. Exposure” to see which companies had the most at risk due to the geographic ability of the customer base. We have...
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