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financial news

Dollar Soft Ahead of Jobs Report

The US dollar rally continued to soften as the market awaits the November jobs report. The market expects a 150k increase in non-farm payrolls with a 158k increase in private payrolls. The ECB must be pleased with itself. The strategic…

QE2 in the EMU – Not Likely

The US dollar rally continued to soften as the market prepares for the ECB rate announcement. The market expects the ECB to announce additional liquidity provisions to attempt to quell the fears emanating from Europe’s liquidity/solvency…

Dollar Steps Back Ahead of ECB Meeting

The US dollar rally was interrupted against most of the majors as strong Chinese data supported risk. The fears engulfing the euro toned down a little amid speculation that the ECB could take action tomorrow to contain the debt crisis,…

No Solace for the Euro Just Yet

The US dollar continues its rally with the euro the major culprit of the market’s negativity as risks of contagion appear to be spreading to the core. Despite more positive economic data from Germany (this time favorable unemployment…

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