Posted October 29, 2008The US DJIA stock market saw its 2nd biggest point gain in it its history. The huge upward swing was a sign bargain hunters are starting to buy again.
Posted October 29, 2008The yen began to hold firm against the US dollar for the first time in 6 days. The confusing information in the marketplace is one of the reasons there are so many big swings right now.
Posted October 27, 2008The credit markets are slowly responding to the injection of liquidity into the financial systems. But the benefits are being offset by fears of a global recession.
Posted October 24, 2008Even though credit markets are showing signs of loosening, the bad economic news around the world is dragging currencies down. The US dollar continued to strengthen against all major currencies except the yen as traders keep looking for safe investments.
Posted October 23, 2008Stock markets around the world declined as investors continue to respond to fears of a global recession. The dollar strengthened against all major currencies except the yen.
Posted October 22, 2008The economic markets are now grappling with how to respond to the global recession. The stock markets dropped on 21/October/2008 as the dollar continued to strengthen against world currencies.
Posted October 21, 2008Major global stock markets rose on Monday, 20/October/2008, as credit markets began to show some signs of easing. The dollar rose against the euro, the British pound, the Swiss franc and the Canadian dollar as economies continue to deal with the financial crisis.
Posted October 21, 2008The world was taken by surprise when the Swiss government announced it would be taking a 9% stake in UBS. Hungary faces a financial crisis due to financing debt with foreign currency loans.
Posted October 21, 2008The Down Jones Industrial Average ended 16/October/2008 on a surprising up note. This only serves to reflect the continuing confusion and uncertainty marking the trader actions at this point.
Posted October 21, 2008The currency markets have a certain surreal air about them right now because it seems no matter what steps the global government finance agencies take, the markets continue to decline. Yet the politicians in the US claim they are taking “bold steps” to prevent further declines.