Archive for February 22nd, 2012

Dollar Climbs as Risk Eases, Slump in Correlations More Interesting

Dollar Climbs as Risk Eases, Slump in Correlations More Interesting Euro Stability Causing Unease as Fitch and IMF Remind Risks Still Present British Pound: Will the Cable Hold On to its Post-BoE Minutes Losses? Japanese Yen Takes Another Tumble against Dollar Regardless of Risk Trends Australian Dollar: Political Uncertainty Can Add to an Unfavorable Yield Situation Swiss Franc Helps Shape Euro Skepticism, EURCHF Refuses to Climb Gold Trading at a Four Month High, What is the Fundamental Drive? Dollar Climbs as Risk Eases, Slump in Correlations More Interesting Though anti-Euro and anti-risk sentiment have not yet developed into heavy trends yet, the two fundamental themes have effectively traded off these past weeks to afford the US dollar a meaningful advance

Published by on February 22nd, 2012 at 11:02 pm

Taking Money from the Super-Rich, and Hating It

By Wes Kosova Sheldon Adelson, the 78-year-old casino billionaire who is single-handedly keeping Newt Gingrich’s up-and-down campaign alive, thinks it’s terrible that rich executives like him can have such sway over the Presidential campaign. “I’m against very wealthy people attempting to or influencing elections,” he told Forbes reporter Steven Bertoni in a new profile

Published by on February 22nd, 2012 at 11:02 pm

Dow 13,000? Thank Democrats

Yesterday, the Dow Jones Industrial Average briefly peaked above 13,000 before dipping at the close. Like all Dow milestones, this one touched off the usual celebration. It may be no coincidence that the market is rising under a Democratic president

Published by on February 22nd, 2012 at 11:02 pm

Overdraft Fees Under Fire

By Karen Weise Today the new Consumer Financial Protection Bureau said it is going to take a look at debit-card overdraft fees. If it feels like deja vu , it kinda is. It’s been a year and a half since new rules changed how banks can charge for overdrafts, but the fees definitely haven’t gone away

Published by on February 22nd, 2012 at 11:02 pm

S&P 500 Tests Critical Support as US Dollar Accelerates Upward

THE TAKEAWAY : The S&P 500 is inching lower to challenge the boundaries of the near-term up trend while the US Dollar has breached initial resistance and aims higher still. S&P 500 – Prices put in a bearish Dark Cloud Cover candlestick pattern below resistance at 1376.10, the May 2011 top, hinting a move lower is ahead

Published by on February 22nd, 2012 at 10:02 pm
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