-
Dollar Correction may Continue, but S&P 500 Post Key Upside Reversal
In the wake of the May 5 tweets that signaled the end of the tariff truce, the dollar was mixed, with a heavier bias. The strongest currencies were the Japanese yen (~1.0%) and Swiss franc (~0.45%). The Dollar Index fell about 0.2%. The major currencies that failed to gain against the dollar had idiosyncratic factors, like the seeming failure of the cross-party talks in the UK (sterling fell ~1.3%) or the rate cut in New Zealand (~-0.75%), and a series of weak economic data from Sweden (krona ~-0.70%) in contrast to Norway where the central bank indicated another hike as early as next month. Within a medium-term ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- May 12, 2019 11:35am May 12, 2019 11:35am
- DojiSan
- | Joined Apr 2006 | Status: Member | 99 Comments
- Comment #2
- Quote
- May 12, 2019 11:39am May 12, 2019 11:39am
- Tony112
- Joined Apr 2008 | Status: sometimes... news come unexpected | 2557 Comments
Invest in alarm clocks
- Comment #3
- Quote
- May 12, 2019 1:12pm May 12, 2019 1:12pm
- Guest
- | IP XX.XXX.191.45
- Comment #4
- Quote
- May 12, 2019 1:13pm May 12, 2019 1:13pm
- Ghass1234
- | Joined Dec 2018 | Status: Member | 1411 Comments
- Comment #5
- Quote
- May 12, 2019 1:22pm May 12, 2019 1:22pm
- MzansiObi
- Joined Feb 2016 | Status: Full Time Trader. | 110 Comments
4&1 All Time Profit:
$37,496
- Comment #6
- Quote
- May 12, 2019 2:19pm May 12, 2019 2:19pm
- rsaravananr
- | Joined Feb 2019 | Status: Member | 6 Comments
- Comment #7
- Quote
- May 12, 2019 3:27pm May 12, 2019 3:27pm
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.
- Comment #8
- Quote
- May 12, 2019 4:17pm May 12, 2019 4:17pm
- tush1822
- Joined Sep 2018 | Status: Member | 105 Comments
- Comment #9
- Quote
- May 12, 2019 5:10pm May 12, 2019 5:10pm
- Guest
- | IP XX.XX.161.218