welcome
Posted on June 30, 2010 at 11:38am —
Posted on June 30, 2010 at 11:19am —
Posted on June 29, 2010 at 12:14pm —
Exxon Mobil Corp. lost 1.1 percent as oil slid from a seven-week high. Freeport-McMoRan Copper & Gold Inc. sank 2.9 percent. Altria Group Inc. rallied 3.3 percent as the Supreme Court rejected a White
House appeal of a racketeering case against tobacco companies. Sprint
Nextel Corp. climbed 6.2 percent on President Barack Obama’s plan to
increase airwaves available for smartphones, laptops and new wireless
devices.
The S&P 500 decreased 0.2 percent to 1,074.57 as of 4
p.
Posted on June 29, 2010 at 9:51am —
The Dow Jones Industrial Average gained 34 points, or 0.3%, to 10177. The Nasdaq Composite rose 0.4% to 2232.
The Standard & Poor's 500-stock index rose 0.3% to 1080, with tobacco
companies leading the consumer staples sector higher. Reynolds American
gained 4%, Altria Group rose 3.8% and Lorillard gained 2.8% after the
high court refused to revisit a case that found the tobacco industry
violated federal racketeering laws by engaging in a decades-long scheme
to dec
Posted on June 28, 2010 at 12:44pm —
© 2010 Created by Roger Carter.
Comment Wall (2 comments)
You need to be a member of traddr! to add comments!
Join traddr!
I am a proponent of the big picture economic analysis and apply it to forex markets.
Here is that analysis:
For as far as the eye can see we will have a low interest rate environment in the US.
That means mortgage rates will remain below historical norms, housing will rebound, savings from housing value appreciation will increase.
The Fed will find a neutral Fed Funds rate below historical averages because inflation will remain contained.
Productivity will return to above historical averages.
Unemployment is by its nature a lagging indicator and will slowly return to below historical norms as well.
The USD is not going to be replaced as the world's reserve currency by the BRIC world.
In sum, the USD will be rising in a low interest rate environment, something many analysts today do not believe.
That is a market for buyers of USD.
My trade was buy USDJPY from 88.00 on October 9.
Hope to chat here,
Keith Long