Euro Pares Overnight Decline as Price Pressures Intensify, British Pound Extends Advance
Wednesday, March 31st, 2010 Posted in Market Comments | Comments OffThe Euro pared the overnight decline and rallied to a high of 1.3472 following a rise in inflation, but the lack of momentum to cross back above the 20-Day SMA (1.3563) is likely to keep the exchange rate within a ...
Oil Stays Range-Bound, Gold Clings to Bond Prices
Wednesday, March 31st, 2010 Posted in Market Comments | Comments OffCrude oil continues to trade sideways above the $80 level waiting for a decisive break in risk sentiment while gold and silver continue tracking bond prices, reflecting the US interest rate and inflation outlook.
Stocks Modestly Lower As Markets Absorb Disappointing Data – U.S. Commentary
Wednesday, March 31st, 2010 Posted in Market Comments | Comments OffStocks are posting modest losses in mid-morning trading on Wednesday, as disheartening data on Chicago-area business activity and the private jobs sector has weighed on market sentiment. The major averages are all in negative territory, partly offsetting the gains posted ...
Stocks Poised To Retreat As Private Employment Data Disappoints – U.S. Commentary
Wednesday, March 31st, 2010 Posted in Market Comments | Comments OffStocks are likely to open the final day of the first quarter moderately lower on Wednesday, as the markets are digesting private employment data that showed a continued drop in jobs while awaiting a number of other economic reports. The ...