A not so bad GDP revision and a successful 7-year bond auction last night gave the Dow another 174 points worth of legs.
At the last G20 meeting, leaders pledged to collectively do everything it takes to save the world. Ahead of the next one, cracks are appearing in the coalition.
Wall Street exploded out of the blocks last night but got a big scare around midday. Dow up 89.
One of the world’s largest holders of US dollar assets will press for a move away from the dollar at the upcoming G20 meeting.
Wall Street unsurprisingly gave back some gains last night as all markets reversed recent frantic moves. Dow down 115.
Well it seems they liked Geithner’s toxic asset plan. Dow up 500.
Now that Japanese retail investors have been severely burnt and interest rate differentials have evaporated the yen carry trade is in hibernation.
Markets were back to their losing ways as investors continued to take some profits after the recent run.
Changes in direction in equities markets are providing some predictable markers for currency moves.
Commodity prices soared last night as the US dollar continued to tumble. Dow down 85.