Obama Job Plan Focuses on Middle and Lower Class
September 9, 2011 2:55 pm by Greg HoldenThursday’s job speech by US President Barack Obama is being called one of several defining moments of his presidency as the run-up to the 2012 presidential election gets underway. The focus of his new plan appeared to be three-fold, first ...
Housing Demand in Australia Slumps Further
August 30, 2011 3:14 pm by Greg HoldenA building approvals report released this morning by the Australian Bureau of Statistics uncovered a slump in demand in the housing market. The monthly indicator was expected to see an uptick of approximately 2.1%. The actual result seemed to convince ...
Italy Destined to Default?
August 4, 2011 2:37 pm by Greg HoldenEuropean debt woes have flared up once more this week, with Italy coming strongly into view as a result of its burgeoning debt and sluggish growth. Defying pressure for his resignation amid the talk, Italian Prime Minister Silvio Berlusconi vowed ...
Russian Ruble Pushed and Pulled by Market Forces
August 3, 2011 8:26 pm by Greg HoldenTwo headline events are causing a tumultuous push and pull effect on the Russian ruble (RUS) this week. First and foremost is the rumor that Prime Minister Vladimir Putin may run for president in next year’s election. Investors have begun ...
Scandinavian Kroner Reaching Tipping Point vs. USD?
May 17, 2011 6:35 am by Greg HoldenLooking over the fundamentals tells the story of an ascendant Scandinavia in the currency world. The Swedish krona (SEK) and Norwegian krone (NOK) are among the globe’s highest yielding currencies from a fundamental standpoint. But why then does the technical ...
AUD Price Deceleration Signals Reversal
March 17, 2011 1:13 pm by Greg HoldenThe shift in global risk sentiment has driven many currency pairs into above-average volatility. Japan’s nuclear crisis is undermining the global recovery by forcing a policy reevaluation by central banks regarding risk exposure.
Swedish and Norwegian Kroner Sink as Traders Flee Risk
March 15, 2011 10:27 pm by Greg HoldenAs Japan braces for a potential nuclear meltdown, banks and global investors watching the crisis have begun to reevaluate their currency positions given the rapid shift in risk appetite.
Stockholm or Bust: Sweden’s Powerhouse Economy
March 8, 2011 11:00 am by Greg HoldenA variety of articles have analyzed the rising strength of the Swedish krona (SEK) to point of exhaustion. A key aspect emphasized, though – as is usual in this global economic environment – is caution. But is caution warranted when ...
Canadian Economic Recovery Beating Out Forecasts
March 7, 2011 2:00 pm by Greg HoldenThe release of a 3.3% growth in Canada’s GDP for Q4, 2010, appears to show moderate strength returning to Canada’s economy, above what was previously expected.
AUD Toying with Key Resistance Levels
March 2, 2011 11:00 am by Greg HoldenFor those watching, the persistent rise of the Australian dollar (AUD) was given impetus recently by soaring commodity prices. With Australia’s economy linked with the price of precious metals, the climb in Gold and Silver has been met by a ...
