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Hedgehogs.net's connections' blogs

Fed Policy Direction and the USD Index

April 30, 2011 by SteveT   Comments (0)

This past week is one that will likely find its way onto the pages of financial textbooks that have yet to be written. Wednesday’s FOMC rate announcement kicked off the first of many accompanying press conferences designed to “further enhance the clarity and timeliness of the Federal Reserve’s monetary policy

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Why Nokia Can Get Above $11 Again

April 30, 2011 by SteveT   Comments (0)

Slower than expected growth of the U.S. economy in Q1/2011

April 30, 2011 by SteveT   Comments (0)

Crude Slower than expected growth of the U.S. economy in Q1/2011 as well as a higher than expected Initial claims reading weighed on the price of crude on Thursday. The U.S. Department of Energy said yesterday that the U.S. crude imports dropped by about 20 percent in February. Even though that a seasonal drop in February is common, however even take into account seasonality this year’s decrease looks still unusually. Regarding the Middle East and North Africa news, Reuters said today that a

FXstreet.com: Technical: Technical Market View

Slower than expected growth of the U.S. economy in Q1/2011 is a post from: The Forex Trading System Blog

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Dollar Hits Weakest Level Since July ’08

April 30, 2011 by SteveT   Comments (0)

The dollar suffered its worst monthly performance since September 2010 and weakened to a new 2½-year low as investors turned increasingly pessimistic about the U.S. economy.

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Daily Report: Dollar Selloff Accelerates Again after FOMC, Q1 GDP Watched

April 30, 2011 by SteveT   Comments (0)

Dollar index breaches 73 level today as dollar’s selloff reaccelerates again following FOMC rate decisions and Bernanke’s press conference overnight. Gold jumps to new record high at 1534, taking AUD/USD to new record high at 1.0945 too. EUR/USD and GBP/USD also rise strongly and are trading above 1.48 and 1.67

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