Expectations of Fed tightening may spur fears of a rerun of emerging market turmoil, but Societe Generale tips a strong dollar as a bigger risk.» Read More
The euro has taken a beating in the past few weeks as concerns over the fiscal stability of the euro zone cause investors to sell the currency. But Royce Tostrams, technical analyst at Tostrams Groep, told CNBC on Friday that the euro is an 'ugly duckling' story and has both short- and long-term potential.
Treasury Secretary Tim Geithner said on Tuesday he planned to emphasize the need for a stronger Chinese yuan when he visits Beijing next week, amid some recent speculation that the country could relax its exchange-rate regime.
Gold will sell at $2,000 an ounce by the end of the year and could hit $5,000 an ounce by 2012-2014, Robert McEwen, chairman of U.S. Gold , a gold exploration company told CNBC on Monday.
If you’re looking for a market ‘tell’ keep your eye on this, says Todd Gordon of Forex.com. It's often a leading indicator for equities.
Despite Thursday's unexplained surge in selling that drove the Dow down 900 points, the stock markets are being driven lower by fears over the global economy and the debt crisis spreading, economist Nouriel Roubini, of RGE Monitor, told CNBC Friday.
The suspected erroneous trades that exacerbated the Wall Street's fall on Thursday should be investigated and solutions must be found if the New York Stock exchange is to maintain its reputation, investor Jim Rogers told CNBC late Thursday.
Markets advanced Monday after a reported showed consumer spending ticked higher last month. Boris Schlossberg, director of currency research at GFT Forex, Peter Beutel, president of Cameron Hanover, and Todd Colvin, vice president of MF Global, shared their outlooks on equities, currencies and commodities.
The recent dollar rebound is becoming an "overcrowded trade," but there is a "final oomph to come," Robin Griffiths, technical strategist from Cazenove Capital, told CNBC Monday.
If you’re not following the minute-by-minute ticks in the Euro vs. the Yen these days, you are lost as to where the direction of the U.S. stock market is headed.
The euro looks set to reverse some of its recent losses against the dollar and yen as investors scramble to cover bets that the currency will fall, Chris Zwermann, global strategist at Zwermann Financial, told CNBC Wednesday.
Global shares slid to three-month lows Friday, but the US market recovered in late trading, while the dollar and Treasurys rose.
Japan's largest investment bank, Nomura Holdings, has been one of the beneficiaries of the financial crisis. Its EMEA Chairman and CEO Sadeq Sayeed told Maria Bartiromo on the sidelines of the World Economic Forum in Davos that "the more turmoil there in the market surprisingly helps us."
The dollar has turned a corner against the yen, Robin Griffiths, technical analyst at Cazenove Capital, said Monday.
Analysts predict the U.S. currency will build on its end-of-the-year gains, but it will only be a modest rally on the back of the improving economy and higher interest rates.
With interest rates nearly at zero percent in the U.S., global investors seeking risks and higher returns are borrowing dollars to invest in higher yielding instruments such as stocks leading to a strong inverse relationship between the S&P 500 and the Dollar Index in 2009.
The dollar's slide lower against the yen shows no sign of letting up and it could push toward 80 yen, which the pair would not have seen since 1995, Royce Tostrams, Technical Analyst at Tostrams Groep, told CNBC.
"The dollar over the next year or two will tend to see downward pressure because our recovery will be fragile and uneven," says one economist.
The American currency is under siege. It is trading near 14-month lows and there are questions about whether it deserves its status as a reserve currency.
If you really want to understand the implications of the falling U.S. dollar, make a run for the border—the U.S./Canadian border, where currency fluctuations are felt just about everywhere money changes hands.
The recent weakness in the dollar index is likely to continue and it could soon hit an all-time low of 70.65 points, Royce Tostrams, technical analyst from Tostrams Groep, told CNBC.