Tuesday November 3, 2009 - 14:13:47 GMT
Share This Story
Cinneas.com - blog.cinneas.com
Has Buffet Saved Stocks?
This morning's announcement by Berkshire Hathaway was akin to J.P. Morgan standing on the floor of the NYSE buying stocks when the market was collapsing. Prior to the announcement, Stock futures were indicating a negative opening for US equities. This in combination with the broad USD strength seen after the RBA raised rates 25bps made this morning look like it would be a rough one. However things seem settled now, with the EUR/USD and AUD/USD looking somewhat stable after their overnight route. We note that equity futures are still pointing lower, but believe we could see a USD sell-off from these levels as the news filters through the system.
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."