DailyMarkets.com - US Dollar Pattern Signals Caution For Risk On Assets

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• US Dollar Pattern Signals Caution For Risk On Assets
• Forex Trading: Euro Benefits From Positive Global Economic Data
• Malawi Ups Rate 400 Bps To Stabilize Kwacha, Stem Inflation
• Australia Cuts Rate 25 Bps, Says AUD Higher Than Expected
• Commodities: Greece Buyback Triggers Rally, ISM Report Now In Focus

US Dollar Pattern Signals Caution For Risk On Assets Posted: 04 Dec 2012 01:52 AM PST The US Dollar is doing a rope a dope, it has taken a real beating, it has yet to show it’s hand! Rope a dope..”The rope-a-dope is performed by a boxer assuming a protected stance (in Ali’s classic pose, lying against the ropes which allows much of the punch’s energy to be absorbed by the ropes’ elasticity rather than the boxer’s body) while allowing his opponent to hit him, providing only enough counter-attack to avoid the referee thinking the boxer is no longer able to continue and thus … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Forex Trading: Euro Benefits From Positive Global Economic Data Posted: 03 Dec 2012 11:50 PM PST Euro Benefits From Positive Global Economic Data Positive Chinese manufacturing data, along with signs that Greece was closer to receiving a new round of bailout funds, encouraged investors to shift their funds to higher-yielding assets yesterday which boosted the euro against several of its main currency rivals. Today, traders will want to pay attention to the Spanish Unemployment Change figure as well as any developments in the ongoing budget negotiations between US Congressional leaders. … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Malawi Ups Rate 400 Bps To Stabilize Kwacha, Stem Inflation Posted: 03 Dec 2012 10:48 PM PST     The central bank of Malawi raised its benchmark bank rate by 400 basis points to 25.0 percent in an “urgent need to stabilize the Kwacha and in order to anchor inflation expectations.”     The Reserve Bank of Malawi added in a statement that the bank rate was now in line with developments in both non-food inflation and the Treasury bill yield, an important indicator of market expectations.     Malawi’s central bank, which has now raised rates by 1200 basis … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Australia Cuts Rate 25 Bps, Says AUD Higher Than Expected Posted: 03 Dec 2012 10:25 PM PST     The Australian central bank cut its benchmark cash rate by 25 basis points to 3.00 percent, as expected by most economists, saying it was appropriate to ease the policy stance further now to help foster sustainable growth in demand and attain inflation that is consistent with the bank’s target.     The Reserve Bank of Australia said its previous rate cuts were starting to have some of the expected effects on economic activity “though the exchange rate remains higher than … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Commodities: Greece Buyback Triggers Rally, ISM Report Now In Focus Posted: 03 Dec 2012 06:23 AM PST Commodities are trading higher amid a pick-up in risk appetite as Greece begins a much-anticipated debt buyback but US growth fears may undermine optimism. Talking Points Commodities Rise with Risk Appetite as Greece Initiates Debt Buyback US ISM Report, Worrisome Fiscal Cliff Chatter May Undermine Sentiment Commodities are on the upswing in European trade after Greece began Greece moved forward with a bond buyback that – if successful – will open the door for the continued flow of … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

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