financial news

Topic of the Day: Ireland Ireland's austerity measures show us how not to do it | Business | The Guardian BBC News - Irish economy contracts by 1.2% Stat of the Day: Ireland now fifth for highest government default probabilities…

The weekly jobless claims are not often the stuff that moves the foreign exchange market, but the disappointment with today's data is noteworthy and hitting the the fx market as the foreign currencies began recovering from the profit-taking…

Highlights The US dollar is recouping some of its recent losses against most of the major and emerging market currencies. Softer than expected New Zealand GDP, followed by the disappointing euro zone flash PMI, the renewed widening of…

Topic of the Day: The gold rally Gold is vaulting toward $1300. And even though the one title below suggest concern, both articles are bullish reads of the situation. The contrarian in me, on the other hand, prefers a slow, steady…

Quick note: We have temporarily switched to summary RSS feeds instead of full feeds. One problem the CW site was having before we switched platforms had to do with the feeds crushing the CPU whenever we posted or edited a post.  It is…

Highlights The US dollar is trading narrowly mixed against most of the major currencies ahead of the FOMC meeting. The euro’s recovery, after disappointing price action late Friday and yesterday, has brought it back to within striking…

Topic of the Day: Bonds After a huge rally in Treasurys earlier this year, the risk/reward has become unappealing despite the safe haven status. Corporate bonds are benefitting from the risk on trade. Both areas have risks.

Asian equities have been a market darling this year, but the pace of inflows have increased in recent weeks. At around $534 mln, foreign inflows into Indonesia this month after nearly a quarter of the entire year's.   The $222…

Highlights The US dollar is mostly lower, surrendering some of its pre-weekend gains, against most of the major currencies. Sterling is the notable exception. It is heavy in the wake of a drop Righmove’s house price index, for the third…

My own posting will be light for the next few days as I will be in New York at the Clinton Global Initiative annual conference in New York.  Expect some posts on the goings on there. P.S. – The Credit Writedowns site should be faster…