Wednesday, December 05, 2007

Japan Stocks Look To Build On Rebound []

Japan Stocks Look To Build On Rebound []
Japan stocks will look Thursday to build on the momentum of Wednesda's rebound and Wall Street's up-side lead.

Greenback Hits 3-month High Against Hong Kong Dollar [USD/HKD]
During the early Asian deals on Thursday, the US dollar advanced against the Hong Kong currency. The pair hit a high of 7.7981 about 9:55 pm ET, compared to yesterday's close of 7.7962. This set a 3-month high for the greenback. Upside, 7.810 can likely be the next target level for the pair.

Stocks Holding Onto Strong Gains In The Mid-Afternoon - U.S. Commentary []
Benefiting from broad based strength, the U.S. stock markets continue to turn in a strong performance in mid-afternoon trading on Wednesday. Technology stocks are posting particularly strong gains following recent weakness.

Economic Uncertainty Drives Stocks Lower - U.S. Commentary []
Wall Street is experiencing modest selling pressure on Tuesday, as financials lead the markets lower on concerns about the health of the economy and fears within the credit markets.

Euro Spiking Against Swiss Franc [EUR/CHF]
The euro is moving higher against the Swiss Franc. the pair is trading in New York at 1.6491.

Dollar Soars To 2-month High Versus Sterling Amid Talk Of BOE Rate Cut [GPB/USD]
The dollar extended its dramatic advance from earlier in the session versus the sterling Wednesday afternoon, climbing to a 2-month high of 2.0251 by 2:30 pm ET. The dollar has picked up 4 cents in the past two sessions amid indications that Bank of England will lower its key overnight call rate on Thursday.

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