DailyMarkets.com - Dollar Safe Haven

---

• Dollar Safe Haven
• Euro Rises Above $1.23
• Stocks Strong On EU Hopes, GDP Growth
• Here’s A Michigan Business That Did NOT Happen
• Libor Scandal: Trader Highlights Manipulation In 1991
• Will The Market’s Direction Determine The Presidency?
• Central Bank News Link List – July 27, 2012
• Egypt Keeps Interest Rate Steady At 9.25%

Dollar Safe Haven Posted: 27 Jul 2012 08:41 AM PDT Thursday, July 26, 2012 The US Dollar continues to have its detractors, but the flight to quality effect is undeniable. Simply said, when the going gets tough, traders and governments alike flock to the greenback. Outside of flight to quality buying, the Dollar has also moved higher on its own merit. Some traders may wish to focus on the technicals in the near-term. It is imperative that the Dollar hold its recent breakout to keep momentum. Failure to do so could result in a correction or … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Rises Above $1.23 Posted: 27 Jul 2012 08:29 AM PDT 07/27/12 The euro continued to trade higher Friday morning on ECB expectations and an improved Q2 GDP … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Strong On EU Hopes, GDP Growth Posted: 27 Jul 2012 02:58 AM PDT 07/27/12 Risk appetite has helped push the markets higher Friday as EU optimism and Q2 GDP growth in the US kept investors seeking out higher-yielding assets and sent equities … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Here’s A Michigan Business That Did NOT Happen Posted: 27 Jul 2012 07:47 AM PDT President Obama: “If you've got a business — you didn't build that.  Somebody else made that happen.” Or in the case of 13-year old entrepreneur Nathan Duszynski in Holland, Michigan, who tried to start a business, and somebody else (government bureaucrats) made that not happen, as I reported on CD last week.  Here’s a video update from Michigan’s Mackinac Center for Public Policy: From the Mackinac Center: “In Holland, Mich., a 13-year-old entrepreneur thought he would be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Libor Scandal: Trader Highlights Manipulation In 1991 Posted: 27 Jul 2012 07:03 AM PDT When did the scandalous manipulation of the London Interbank Overnight Rate, that is Libor, really begin? I have posed that question often over the course of the last month. E-mails emanating from Barclays point to manipulation of Libor back in 2005. The industry and regulators would clearly like to keep the focus of this scandal to the crisis period of 2008. Why is that? The excuse of, "We were trying to save the system" would seem to provide a very wide cover for all parties involved. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Will The Market’s Direction Determine The Presidency? Posted: 27 Jul 2012 07:00 AM PDT After the first few months of President Barack Obama's term in office, I wrote about the carnival rollercoaster the market was riding. Looking at the blue line below, that post may have foreshadowed his tenure! The average of four-year presidential cycles from 1953 through 2008 shows that the S&P 500 Index generally remains flat for almost the first two years, before heading higher in the second half. Despite the S&P's wild ride, the market is significantly higher than when Obama … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank News Link List – July 27, 2012 Posted: 27 Jul 2012 06:32 AM PDT     Here’s today’s Central Bank News link list, click through if you missed the previous link list. The list is updated during the day with the latest news about central banks so readers don’t miss any important developments. Draghi boxes himself into a corner with bond signal (Bloomberg) Colombia’s split central bank to weigh first rate cut since 2010 (Bloomberg) Zambia c. bank leaves benchmark rate steady at 9% (Reuters) Exclusive: ECB may take losses in second … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Egypt Keeps Interest Rate Steady At 9.25% Posted: 27 Jul 2012 05:09 AM PDT     Egypt's central bank kept its benchmark overnight deposit rate unchanged at 9.25 percent, as expected, but said it would not hesitate to adjust rates in light of the downside risks posed to the economy from the challenges facing the euro area.     The bank said in a statement that headline inflation eased by 0.55 percent in June from the previous month for an annual rate of 7.26 percent, down from 8.3 percent in May, while the core inflation also eased to 7.04 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

You are subscribed to email updates from DailyMarkets.com To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610