G-7 Fails to Assure Investors about Euro Zone Risks
The U.S. Dollar had a volatile trade overnight with a slight bias to the downside. Profit-taking was highlighted last night as traders turned a little positive that a solution was going to be reached regarding the escalating deficit issue in Greece. Overbought technical factors even helped to weaken the Dollar.
Yen Benefits as Investors Shift Assets from Troubled Euro Zone
The Japanese Yen rose on Thursday as investors shifted assets out of the troubled Euro Zone on renewed budget turmoil in Greece. A spike in the cost to insure Greece’s sovereign debt triggered a flight to safety rally which fueled a turnaround in the Yen after earlier weakness. News that a similar situation is developing in Portugal also contributed to the Yen’s strength.
Stock Rally Fizzles as Investors Square up Ahead of Fed Announcement
Investors Dump Stocks as Sentiment Shifts towards Less Risky Assets
Stocks Finish Weaker but Investors Continue to Support the Dips
U.S. equity markets closed lower as investors dumped higher risk assets, but buyers once again stepped in on the intra-day dip. Wednesday’s weakness started on the Shanghai Exchange overnight after China asked banks to stop lending for the rest of the month. This sent a signal to traders that the easy money environment would be coming to a close.
The shape of this economic recovery will not be in a “V”, as many pundits have promulgated, but instead may be the inversion of that letter…which will unfortunately look much more like a tepee. The upcoming downfall will surprise most investors who have been tricked into believing that a government can print and spend their way into prosperity.
Dismal Decade My Assterisk - Market Cycle Investing
Once again The Wizards will attempt to debug the market cycle and create an upward only future for the masses. Try not to be abused again--- the markets aren't broken, just the market shakers. Your portfolio should be up in market value--- and not by just a little for the "dismal decade".
U.S. Dollar Edges Lower as Investors Seek Risky Assets
The U.S. Dollar continued its New Year slide as investors sought higher risk assets. Overnight an index representing a trade weighted basket of currencies turned it main trend down on the daily chart on a trade through 77.32. The chart pattern now suggests a correction to 76.31 to 75.80 is imminent. This move would represent a normal retracement of the entire 74.17 to 78.45 rally.