| Caution rules world markets overnight Stocks in the US gave up earlier gains as investors were cautious before earnings season starts next week.Analyst Meredith Whitney cut earnings estimates for Goldman Sachs and Morgan Stanley.In late trading, the Dow Jones... nzherald.co.nz |
Sterling recovers after Bank minutes (at Financial Times) Sterling recovered from a three-week low against the dollar on Wednesday after the minutes of the Bank of England s August monetary policy committee meeting revealed an eight-to-one vote to keep UK interest rates on hold at record low levels. us.rd.yahoo.com |
Australian dollar rises 2 percent to session high [at Reuters] - The Australian dollar rallied 2 percent against the U.S. dollar on Wednesday after upbeat economic data around the world lifted risk appetite. us.rd.yahoo.com |
EUR/USD Becomes Scalping Target Ahead of FOMC Minutes The EUR/USD has seen its month long rally slow as speculation grows that the FOMC may not be on the door step of added stimulus. The Fed announcing that it stands ready to do whatever it takes to ensure that growth continues and deflationary pressures remain at bay, sparked broad based greenback weakness- driving the pair higher. finance.yahoo.com |
Stocks Rise, Led by Materials; Dollar Slides Stocks remained higher Monday as the weak dollar boosted materials, but financials slumped following the continued fallout of the foreclosure crisis, tempering overall market gains. us.rd.yahoo.com |