NEWS FEED
UK: Aug new car registrations -17.5% ... 06/09/10 08:00 | Uncategorized
EURO CDS:1) British Airways is in foc... 06/09/10 07:59 | Uncategorized
EURO CDS:2) Walsh said in Mumbai, whe... 06/09/10 07:59 | Uncategorized
I-TRADERS LATEST NEWS
Last update: Friday 12th March 2010 21:28pm
Dollar Weak throughout Friday session
The Greenback opened the day in a weakened state vs EUR and GBP as profit taking set ahead of U.S. Retail Sales data this morning. Stronger than expected data piqued a USD/JPY rally and shaved a few pips off CABLE and EUR/USD. Dollar weakness emerged an hour and a half later as Michigan Consumer Confidence registered a drop in Current Conditions and Outlook. Options expiration pulled some size dollar buying pushing EUR/USD from the mid 1.37s down to 1.3720ish but the pair rebounded in afternoon trade as it became clear San Francisco FED President Yellen, the most dovish of the Regional FED Presidents, will become Vice Chair of the Board of Governors when Kohn leaves in June. Today's trade completely reversed the dollar's gains this week and sets next week up for more of the same.
I-TRADERS NEWS
I-TRADERS have teamed with Need To Know News to provide a rolling economic news feed of exceptional quality. I-TRADERS provide regular updates to the Need To Know News service as the two companies recognize the cross relationship of the two products. The delayed news feed is offered to I-TRADERS clients on a free basis. Subscription information can be gained by using the following link.