Archive for September, 2008
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US Market Update: Dow 392 S&P +48 NASDAQ +71
Saturday, September 20th, 2008Equity markets around the world continue to snap back after more than 10B shares traded on the NYSE yesterday. Stocks surged late in yesterday’s session following initial reports that government officials were considering an all inclusive RTC like approa…
European Market Update: Equity Bulls go global as regulators crack down on short-selling
Saturday, September 20th, 2008The SEC confirmed that it would temporarily halt short selling of financial stocks to protect investors and markets, effective immediately. The SEC is acting in concert with the UK’s Financial Services Authority, while Australia said it would impose ……
Fundamental Outlook at 1400 GMT (EDT + 0400)
Saturday, September 20th, 2008The euro depreciated vis-agrave;-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4150 level and was capped around the $1.4350 level. The common currency clawed its way higher early in the North American session as ……
Halo Financial - Daily Currency Insight
Saturday, September 20th, 2008Just when it looked like the financial stocks in the US were going to tip into the abyss the US government unveiled plans for the biggest intervention in the financial markets since the 1930s. The idea is to take bad assets off bank#8217;s balance ……
BFI: Currency market commentary
Saturday, September 20th, 2008EURUSD Dynamic market movements show indecisiveness on the main crosses. Right now we expect this pair to bounce off support levels around 1,4160/80 and retreat towards yesterday’s highs. The first signal confirming this scenario will be exceeding ……
GFT: Coordinated Liquidity Provides Little Relief, Euro Gets The Flow
Saturday, September 20th, 2008Today#8217;s coordinated liquidity by G-7 Central banks and the SNB, tried to alleviate the crisis in the global money markets which has seen overnight dollar lending rates spike to as high as 10%, but the move appeared to have only limited effect ……
GFT: Daily Market Commentary
Saturday, September 20th, 2008The dollar fell across the board on Wednesday, as the last minute government bailout of the key financial player AIG failed to support the equity markets. Simply put, who is next to go? Wa Mu, other top investment banks? Rumors made rounds of concerted ra…
Asian Market Update: Asian stocks rally as U.S. government steps in; SEC expected to go after short sellers
Saturday, September 20th, 2008Paulson and Bernanke met with the Congressional leadership to discuss solutions to the credit crisis: According to reports, a new entity will be formed to take bad assets off the balance sheets of financial companies. Paulson said he hoped to have a solut…
