Iran Opens Oil Bourse - Harbinger of Trouble for New York and London?
The last three years of global recession have dealt a major blow to American capitalist ideas trumpeted throughout the world on the value of “free markets.” Wall St has been revealed as a form of casino economy, with the bankster insiders gambling with other people’s, and eventually, the government’s money in the form of bailouts.
U.S. Dollar Index Stops Markets In Its Tracks. Will It Fade?
This morning the U.S. Dollar Index is trading higher by 0.27 cents to $74.95. Since June 7, 2010 the U.S. Dollar Index(DXY) has declined by 16.0 percent. The falling dollar has been the catalyst for the inflate stock and commodities markets. Could the stock market indexes actually climb with a stronger dollar? That scenario is highly unlikely at this time.
Stocks and Gold Likely to Battle for Control of Investment Dollars
Stocks are trading higher overnight and the Dollar is trading mixed. Without any major U.S. economic reports this morning and the Fed meeting on Tuesday, trading could be light and directionless today. On the other hand, sometimes thin trading conditions trigger wild swings so investors should be on their toes so as to not get caught on the wrong side of the market.
On April 7, 2010 the President of Kyrgyzstan Kurmanbek Bakiyev fled the capital city of Bishkek that was under a state of emergency after antigovernment protesters started clashing with security forces following incidents that started in the Northern city of Talas, close to the Kazakhstan border.
Dollar Falls Sharply against New Zealand and Aussie Dollars
Stronger global equity markets contributed to the weakness in the Dollar early in the trading session as traders once again increased demand for more risky assets after reassessing U.S. economic data and the odds of an interest rate increase by the Federal Reserve.
The U.S. Dollar finished mixed against most major currencies with the massive losses coming against Pacific Rim markets.
A better than expected U.S. Non-Farm Payrolls Report helped drive equity futures markets to a new high for the year early in the trading session. Investors bought up stocks after the release of the bullish employment report which may have been a sign that the U.S. economy is on the road to economic recovery.