(FLL, CRWE, FEN, IF) Notable Stock by CRWEWallStreet.com
(MDM, GORO, IF, CLNO) Stock Report from StockHotTips.com
Japanese Yen Traders Don’t Seem to Know if Risk is on or Risk is Off
The USD JPY traded sharply higher Friday morning, but the strong gains faded after a report showed the U.S. Services Sector slowed during August. The rise in demand for stocks appeared to be reviving the carry trade earlier in the session. This is a situation where investors borrow the lower yielding Yen then sell it to invest in higher yielding assets.
Commodities, Stocks likely to Rise if Dollar keeps Weakening
June Gold is trading higher overnight because of increased demand for higher yielding assets and the weaker U.S. Dollar. Bullish traders seemed to be unfazed by the optimistic developments over the Greece debt situation. Earlier in the week gold bugs were buying the metal on speculation of a possible default by Greece.
Stocks could feel Pressure if Investors Look for Safety
U.S. equity markets are trading flat this morning but could see downside pressure if investors decide to seek protection against a decline by demanding safety from higher yielding assets. Yesterday the markets showed how resilient they were when they rebounded from early pressure.