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Saturday, January 12, 2008

Stocks May Show A Lack Of Direction In Early Trading - U.S. Commentary []

Stocks May Show A Lack Of Direction In Early Trading - U.S. Commentary []
After falling sharply in the latter part of the previous session, stocks may show a lack of direction in early trading on Wednesday. The major U.S. index futures are indicating a roughly flat open for the markets, as traders continue to express uncertainty about the outlook for the economy.

Stocks Turning In A Lackluster Performance In Early Trading - U.S. Commentary []
Stocks moved modestly higher at the start of trading on Wednesday, with the major averages edging back to the upside after ending the previous session at multi-month closing lows. Nonetheless, buying interest remained relatively subdued in the first few minutes of trading.

European Stock Traders Eye Gains In Asia, Disappointing U.K. Retail News - European Commentary []
European equity markets will open with bullish news from Asia for the first time in four days as the major Asian indices rose overnight following several days of declines.

US Dollar Falls To New Multi-year Low Against Chilean Peso [USD/CLP]
The US dollar fell against the Chilean peso in early New York trading on Friday. At about 9:05 am ET, the greenback, touched a new multi-year low of 478.25, compared to yesterday's close of 482.85. As of now, the dollar-peso pair is worth 479.75.

Stocks Lower In Early Afternoon Trading After Seeing Early Strength - U.S. Commentary []
Stocks have turned negative over the course of the trading session on Tuesday, with the major averages pulling back below the unchanged line after seeing some strength earlier in the session. The downturn reflected lingering uncertainty about the outlook for the economy.

Weakness Persists On Wall Street On Mid-Afternoon Trading - U.S. Commentary []
Wall Street continues to see considerable weakness in mid-afternoon trading on Friday. The major averages have remained below the unchanged line throughout the day thus far after closing higher in the two previous sessions.

Greenback Firms Versus Kiwi After Hitting Monthly Low [NZD/USD]
The dollar firmed up against its New Zealand counterpart in early afternoon dealing Friday after hitting a one-month low earlier in the session.

Stocks Showing A Lack Of Direction Following Bernanke's Comments - U.S. Commentary []
Continuing a recent trend, stocks have seen considerable volatility over the course of the trading session on Thursday. The major averages have had difficulty sustaining any significant moves as they digest comments from Federal Reserve Chairman Ben Bernanke.

Stocks Close Higher After A Choppy Trading Session - U.S. Commentary []
Wall Street ended a choppy session on the positive side on Wednesday. The markets started the day positive, but moved below the unchanged line in late-morning trading. After trying to recover, the markets fell even further before changing course in the last two hours of the day.

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Any views/ forecasts/ suggestions, though proferred with the best of intentions, are based on our reading of the market at the time of writing. They are subject to change without notice.Though the information sources are believed to be reliable, the information is not guaranteed for accuracy. Those acting in the market on the basis of these are themselves responsibly for any profits or losses that might occur, without recourse to us. World financial markets, and especially the Foreign Exchange markets, are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved.