Currency Market Updates

Currency Market Updates

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The Market Club Updates

Key Events and Commentary available earlier every morning, via The Market Club. Market Composite Index (previous 895.6), Crude Oil Stocks (previous 370.6M)

Pound hits yearly high on the dollar

Sterling hit a level of 1.5523 in trading yesterday- this is the highest level of 2009 and marks a psychological and technical break higher from its previous range.
The pound was buoyed by news in the UK banking sector in a FT report that the government was considering a sale of its shares in Lloyds and [...]

MarketClub Updates

The Market Club Updates
KEY EVENTS TO WATCH FOR:
Tuesday, May 19, 2009
7:45 AM ET. May 16 ICSC/Goldman Sachs Chain Store Sales
Chain Store Sales Index – WoW (previous +0.3%)
Chain Store Sales Index – YoY (previous +0.5%)
8:30 AM ET. April Housing Starts
Total Starts (expected 530000; previous 510000)
Starts Percent Change (expected +3.9%; previous -10.8%)
Building Permits (expected 540000; previous 516000)
Building [...]

Feel good factor returns

“Feel good factor returns”
Overnight the UK government has hinted it may look to sell a portion of the debt it has taken on in the UK banking sector this has seen sterling surge 2 cents against USD to levels not seen since December 2008.
Over in the US the feel good factor continues as The [...]

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