Daily FNArena News - FYI

The UK economy is arguably now the sickest of the world’s Top Five. It’s housing market has been the first to follow the US into slump. But for some reason the UK banking system seems to be fine.

Weekly musings by your editor. Dear Trish, I think you should read this.

Reporting season finished on a positive and a rate cut is surely coming, but for investors, September, not April, is the cruellest month.

The US dollar rally came earlier than many expected, but CIBC World Markets thinks it may have largely run its course.

The newswires are running hot with talk of global US dollar intervention planned back in March, but it’s hardly news.

While a short-term bounce may come given the Aussie dollar’s recent fall, ANZ is now forecasting a rate of 85c by June next year.

Higher metal prices and interest rates drove the run in commodity currencies, but with this process now reversing, Standard Chartered expects these currencies to remain under pressure.

With over 100 companies reporting, this last week of reporting is also the busiest. Elsewhere, European data will be closely watched.

Anger is building in the land of the free market and the home of the no longer brave, as non-disclosure and deception accusations fly around the mortgage twins.

Weekly musings by your editor. There is a story unfolding behind the savage sell-off in gold. And it is a positive one.