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Hedgehogs.net's connections' blogs

Currencies: Dollar pares loss, lowest since December 2009

May 4, 2011 by SteveT   Comments (0)

The dollar pares a decline as U.S. stocks and commodities extended declines following a weaker-than-forecast report on the U.S. services sector.

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Forex Notes 5.4.2011: Gold, Silver, AUD/USD

May 4, 2011 by SteveT   Comments (0)

Gold (XAU/USD) – Gold is staying above the 1528.75 correction low. It continues to lose bullish momentum, but has not shown bearish momentum, hovering above the 50% retracement of the rally from 1495 to 1575. If the current correction is not over, it can extend lower towards 1518-1520 pivot near 61.8% retracement.

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Why This Undervalued Financial Stock Could Gain 86%

May 4, 2011 by SteveT   Comments (0)

Why This Undervalued Financial Stock Could Gain 86%

In a Rolling Stone article from April 2010, in a now famous tirade against Wall Street investment banks, journalist Matt Taibbi described Goldman Sachs (NYSE: GS) as "a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money." This is one of the more negative descriptions of the industry you're likely to find, but it does illustrate the hostility that people in the press and others still have toward investment banks and the role they played in causing the credit crisis.

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The Day After Tomorrow: A Different Kind of Trade

May 4, 2011 by SteveT   Comments (0)

Over
the past three decades, global trade grew almost twice as fast as global gross
domestic product (GDP). The massive process of commercial integration was made
possible by technological revolutions in transport (like containerized shipping)
and communications technologies, and by a dramatic decline in import tariffs.
This allowed many developing countries to implement export-led growth
strategies that lifted hundreds of millions of people out of poverty. Some
succeeded in sought-after manufacture markets and, more recently, even in
services.

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Lost in FX space

May 4, 2011 by SteveT   Comments (0)

To be completely honest TMM are dashing around playing catch up after time-out over the UK bank holidayfest.  Wasn’t the Wedding lovely?  The UK’s weather has been absolutely stunning over the last 2 weeks and we have to say that, if it were to be predictably that glorious, there would be little need to holiday abroad.  What a shame we all had to return to work!  Of course, our Big Country cousins in the US have been working diligently throughout (TMM have wondered if there is any real correlation between number of holidays and real productivity), but that diligence seems to have done little for the state of the US dollar.

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Fed policy weighs on dollar

May 4, 2011 by SteveT   Comments (0)

Greenback drops against the euro on the prospect that the US central bank will stick to its ultra-loose monetary policy, which means it will diverge from other central banks

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