Browsing Tag

investing

Euro at the Crossroads

Dollar is broadly weaker amid hopes that Greek debt negotiations are very close to agreement. Asian stocks posted new trend highs, MSCI Asia Pacific up 0.3%; Dow Jones tested highest level since 2008. EuroStoxx 600 reverses earlier losses…

Dollar Bid

The dollar's downside momentum has faded since the start of the week and short-term momentum traders have to adjust. There does not seem to be a precipitating factor. The German IFO was mostly better than expected and while the UK Q4 GDP…

Euro and S&P 500 Correlations Revisited

As of yesterday the 60-day correlation stands near 0.78 and the 30-day correlation has fallen from 0.81 in the middle of last month to 0.65. This gives additional evidence of some fracturing of the risk-on/risk-off rubric that has been such…

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