From the daily archives: Friday, March 5, 2010
The dollar rose sharply against the yen Friday following a better than expected employment report from the government, but it slipped against other major currencies.
Continue Reading →The United States economy lost 36.000 nonfarm payrolls in February and unemployment rate held at 9.7 percent, according to the U.S. Bureau of Labor Statistics. Even though the economy is still losing jobs, the released figures were much better than many economists had expected and stocks, commodities and higher yielding currencies rallied in [...]
Continue Reading →Underlying sentiment trends have held a moderate bullish bias over the past few weeks; but momentum has notably lacked in this closely monitored trend. From a technical perspective, this restraint can be assigned to the proximaty of notable technical boundaries across the different asset classes and currency crosses. Fundamentally, the [...]
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