Stocks and Dollars

The UK Chancellor, George Osborne, today delivered his Autumn Statement to the House of Commons. As expected, it wasn’t an easy affair. The chancellor was under pressure due to poor economic growth, rising unemployment and a deficit-reduction plan, which isn’t on track. The eurozone crisis is partly to blame but

The UK Chancellor, George Osborne, today delivered his Autumn Statement to the House of Commons. As expected, it wasn’t an easy affair. The chancellor was under pressure due to poor economic growth, rising unemployment and a deficit-reduction plan, which isn’t on track. The eurozone crisis is partly to blame but

The Conference Board’s measure of U.S. consumer confidence surged by 15.1 points to 56.0 points in November, which was its highest reading since July. Market expectations had been for a much smaller increase to 44. The jump in November comes after the measure fell 5.5 points to reach a two-year

The Conference Board’s measure of U.S. consumer confidence surged by 15.1 points to 56.0 points in November, which was its highest reading since July. Market expectations had been for a much smaller increase to 44. The jump in November comes after the measure fell 5.5 points to reach a two-year

Canada’s current account deficit narrowed by $4.0 billion to $12.1 billion in the third quarter of 2011, retracing a sizeable component of the $5.8 billion widening to an upwardly revised $16.1 billion deficit (previously was $15.3 billion) in the second quarter. Market expectations were for a smaller $11.1 billion deficit

Canada’s current account deficit narrowed by $4.0 billion to $12.1 billion in the third quarter of 2011, retracing a sizeable component of the $5.8 billion widening to an upwardly revised $16.1 billion deficit (previously was $15.3 billion) in the second quarter. Market expectations were for a smaller $11.1 billion deficit

Despite intra-day sharp fall to 0.9140, as the greenback has found good support there and staged a quick rebound, suggesting an intra-day low is possibly formed and consolidation with upside bias is seen for a test of the Ichimoku cloud (now at 0.9242-47) but above there (this would also penetrate

Despite intra-day sharp fall to 0.9140, as the greenback has found good support there and staged a quick rebound, suggesting an intra-day low is possibly formed and consolidation with upside bias is seen for a test of the Ichimoku cloud (now at 0.9242-47) but above there (this would also penetrate