MARKETS / FINANCE

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Australian Dollar Outlook 10/8/2010

The AUD has opened slightly weaker this morning currently trading at USD 0.9160 as many investors square up some positions before the Federal Reserve's meeting tonight.

Daily Forex Commentary 10/8/2010

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A larger than forecast 3.9% decline in Australian home loans during June and disappointing ANZ job advertisements data halted the progress of the Aussie dollar in Asia yesterday as it entered offshore exchange relatively unchanged from the weeks open at 0.9185.

Verizon, Google propose Web traffic rules

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Verizon and Google said on Monday that regulators should be able to police Web traffic over cable and telephone lines, but carriers should control the speed of access to content on wireless devices.
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Ackman on path to own NYC's Stuyvesant Town

Hedge fund investor William Ackman has bought a slice of debt on Stuyvesant Town Peter/Cooper Village and could become the next owner of the sprawling Manhattan apartment complexes.
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Goldman had 10 days of trading losses in Q2

Sluggish markets and the May 6 flash crash pinched even highflier Goldman Sachs Group Inc in the second quarter, according to the company's quarterly report filed on Monday.
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Wall Street rises with focus on Fed

Stocks gained on Monday, lifted by expectations the Federal Reserve will add liquidity to strengthen the economy when it meets on Tuesday, while shares of Hewlett-Packard fell after the chief executive's resignation.
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Skype files for IPO of up to $100 million

Skype, a provider of Internet telephone services, plans to raise up to $100 million in an initial U.S. public offering of its shares, according to filings made to regulators on Monday.
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Conference Board job index rises to 97.0 in July

A gauge of the U.S. job market rose in July for the 14th straight month although its pace of increase slowed, suggesting job growth would struggle to keep up with growth in the working-age population, a research group said on Monday.
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Regulators probe Goldman's notice about SEC case

U.S. and British regulators are investigating the timing of Goldman Sachs Group Inc's disclosure to them that the bank was the subject of a federal civil fraud probe, Goldman said on Monday.
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World stocks near 3-month peak as Fed looms

World stocks edged up toward last week's three-month peak on Monday while the dollar held near a 15-year low versus the yen on rising expectations the Federal Reserve could soon buy bonds to support the economy.
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Wall Street set for higher open with eyes on Fed and HP

Stocks were set for a higher open on Monday as investors shrugged off last week's dismal employment data and shifted focus to the Federal Reserve's assessment of the economy following a meeting of its policymakers later this week.
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Platinum, palladium to beat gold soon

Problems at the mines in South Africa, increasing demand due to the rise in auto sales and emerging markets like India and China will ensure that platinum and palladium outperform gold in the coming years.
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After China, will India open up gold trade?

Following China's decision to open up the gold sector by allowing more banks to trade in bullion, Indian banks have also decided to approach the Reserve Bank of India for permission to trade in gold. Several banks have moved the RBI seeking permission to trade in gold in the domestic market and even hedge their requirements on futures exchanges.
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Futures gain as Hewlett-Packard and Apple in focus

Stock index futures rose on Monday as investors shrugged off last week's dismal employment data and shifted focus to technology shares, including Hewlett-Packard Co after its chief executive resigned.
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Futures rise, Hewlett-Packard and Apple in focus

Stock index futures rose on Monday as investors shrugged off last week's dismal employment data and shifted focus to technology shares, including Hewlett-Packard after its chief executive resigned.
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Stock futures up as eyes on HP and Apple

Stock index futures pointed to a higher open on Wall Street on Monday with futures for the S&P 500 up 0.42 percent, Dow Jones futures up 0.17 percent and Nasdaq 100 futures up 0.16 percent at 3:55 a.m. ET.
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Dollar on defensive ahead of Fed meeting

The dollar was on the defensive against major currencies on Monday, as disappointing U.S. jobs data on Friday highlighted a weakening U.S. economic outlook and added to speculation about further monetary easing. Market players refrained from chasing prices aggressively, having already priced in some form of modest easing at the U.S. Federal Reserve's policy meeting on Tuesday.
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Oil rises above $81 as weak dollar supports

Oil prices rose to above $81 a barrel on Monday, as a weaker dollar supported prices that had fallen for three straight days last week, in part on poor U.S. economic data. Analysts said the dollar, which is slipping toward a 15-year low against the yen, could, along with rumblings of geopolitical tensions in the Middle East, continue to bolster oil prices that last week ended above $80 for the first since May.
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Dollar on defensive after U.S. jobs and eyes FOMC

The dollar was on the defensive against major currencies on Monday, as disappointing U.S. jobs data on Friday highlighted a weakening U.S. economic outlook. Market players were wary of chasing prices aggressively ahead of the U.S. Federal Reserve's policy meeting on Tuesday, with expectations mounting for some form of additional monetary easing.
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Stocks climb and eye Fed meeting

Asian stocks edged higher on Monday on growing speculation the Federal Reserve will have to buy bonds sooner rather than later to bolster the sagging economy, which is keeping the U.S. dollar under pressure.
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Stocks climb, eye Fed meeting, shrug off job woes

Asian stocks edged higher on Monday on growing speculation the Federal Reserve will have to buy bonds sooner rather than later to bolster the sagging economy, which is keeping the U.S. dollar under pressure.
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Gold to scale up on safe haven buying

Gold prices remained steady in Asian trade Monday as the dollar dropped further amid safe haven buying by investor's. Gold for immediate delivery was at $1203.45 an ounce while U.S. gold futures for December delivery were hardly changed at $1,205.5 an ounce.
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Wheat prices slide again and set for volatile week

U.S. wheat futures fell 4.3 percent on Monday, extending their losses to nearly 12 percent in two sessions as traders take profits from a near-doubling in prices in just over a month. With a key U.S. Department of Agriculture stocks and production report out on Thursday and the impact of a Russian decision last week to ban exports still to be felt, the market looks set for another volatile week.
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Dollar slips towards 15-yr low vs yen after data

The dollar dipped against the yen on Monday, slipping towards a 15-year low, after a disappointing U.S. July payrolls report boosted talk the Federal Reserve could consider further easing monetary policy as early as this week.
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BOJ eyes yen; may opt for minor easing if moves sharp

The Bank of Japan hopes to avoid having to dig into its depleted policy arsenal next week, but may ease monetary policy if the yen soars toward an all-time high against the dollar and threatens a fragile economic recovery.
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Daily Forex Commentary 9/8/2010

Friday's release of the RBA Monetary Policy statement swayed little from the recent central bank rhetoric with a relatively neutral document.

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