Curiosity Charges
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- Category: Forex
Curiosity Charges: December Treasury bonds closed at 148 up 1 05/32nds on weak financial data. Customers buying energy rose by 0.8% annual charge from July by means of Septem ber, the least for the reason that end of 2011. GDP reported at 2%, up from 1.3%the prior quarter however not indicative of economic strength. The ultimate studying on the Thomson Reuters College of Michigan’s client sentiment index for October reported at 82.6 against analyst expectations of an 86 reading. We proceed to view the treasury market as a protected haven with costs expected within the 145-one hundred fifty five range. Anything underneath one hundred fifty median could possibly be thought of a buy against financial data. S&P 500 downgrading of some Spanish banks alsoan element in the flight to the protection of U.S. Treasuries.
Stock Indices: The Dow Jones industrials closed at 13,107.21, up 3.53 factors however lost 1.8% for the week. The S&P 500 closed at 1,411.94, down 1.03 points and for the week posted a lack of 1.5%. The Nasdaq closed at 2,987.ninety five, down 1.96 pointsand misplaced 0.6% for the week. Poor earnings stories, concern over the European debt crisis, the downgrade of some French and Spanish banks by Normal and Poors ranking agency the principle function this past week. We proceed to forecast a lot lower stockindex values and implore our subscribers to implement hedging strategies.
Currencies: The December U.S. dollar index closed at 80.eleven, down 4.6 points with China’s yuan making a new high towards the dollar. U.S. political pressure and rising financial confidence prompting the strength. The December Euro closed at $1.2939, down 16 with Swiss Franc $1.07 down 10, Japanese Yen, 12558, up 1.04, British Pound $1.6095, down 26, Canadian Dollar $1.02, down 28, and the Australian greenback, $1.0331, up 9 points. We continue to favor the U.S. dollar.