U.S. stocks came off intraday Wednesday lows after the government reported factory orders climbed 0.6% in February. The Dow Jones Industrial Average was down 42.4 points at 10,865.02.
U.S. stocks pare decline on rise in factory orders (at MarketWatch)
March - 31 - 2010
SEC Actions on Derivatives-Based ETFs Miss Bullseye
March - 31 - 2010
Morningstar submits:
By Scott Burns
The SEC’s March 25 decision to defer the review of any new exemptive relief filings that made heavy use of derivatives sent ripples through the fund industry. Particularly named were active and leveraged strategies. The SEC stated that this was part and parcel of an ongoing review of the use of derivatives in mutual funds, exchange-traded funds, and closed-end funds (the collective known as " ‘40 act funds" for the Investment Company Act of 1940 that governs these securities.)
Mixed Euro-Zone Reports As Speculators Take A Rest
March - 31 - 2010
The Euro and Swissy signals have been removed unfilled ahead of the U.S. session calendar releases for Usd employment, and Cad GDP. EU infaltion has increased, as Unemployment moves to 10%. Global markets have held support, but have not found enough equity or commodity momentum to break resistance.
Waiting On ADP Employment Data
March - 31 - 2010
It seems that the optimism generated by the Franco/German and IMF agreement is fading fasts. At the core, the structural problems are still well entrenched in Greece and will take more than just expensive capital to solve them, while focus on Ireland’s recapitalization plan has revitalized EU concerns. In Ireland,…
Unemployment And Inflation Rise In The Euro Zone
March - 31 - 2010
European economies are struggling to recover from the most severe and synchronized recession since WWII amid the slowdown in growth and high debt prevailing in European economies. The progress seen by the euro zone at the end of last year started to ease, while governments are focusing meanwhile on shaving…
Traders Close Out Q1- Euro Slides
March - 31 - 2010
Asian markets were generally lower today as the US employment reports draw near. Year-end trades led to a lackluster performance as optimism about the IMF backed Greek bailout fades. With concerns about peripheral countries in the EU rising, the euro’s recent rally was abruptly put to a halt after a…
Recovery Signs Boost Risk Appetite
March - 31 - 2010
The USDJPY pair has seen the biggest gain breaking the 93.30 resistance line and moving towards an 11 week high of 93.85 as the Yen declined against all major counterparts on speculation the ADP Employer Services report today will show US companies added 40,000 jobs this month, the most since…
All About Sentiment- Eur/Usd And Gbp/Usd Hold Steady
March - 31 - 2010
Eur/Usd was rejected from the 1.3550 swing point in recent trade, which has been an important area over the last 5 weeks of trading. This may force some bulls to change camp to the short side, allowing the pair to push below towards the 1.3000 area. The daily momentum and…