Global stocks have been experiencing a rally over the past few weeks, but this is not a bull market, Nick Batsford from Hobart Capital told CNBC. “This is not a good time to be involved,” he said. Watch Video MEDIA: VIDEO Permalink
PARIS—-Regulatory News:
The US Dollar reversed early overnight losses for a net flat result against the Euro and the British Pound ahead of the European trading open.
The ECB may adopt some non-standard measures, especially if economic activity continues to deteriorate, says Besa Deda, chief economist at St George Bank. She tells CNBC’s Rebecca Meehan & Maura Fogarty more. Watch Video MEDIA: VIDEO Permalink
The Philippine central bank is likely to ease rates by 25 bps to 4.5% when it meets later today, says Vishnu Varathan, regional economist at Forecast. But he also sees a risk that the central bank may pause. CNBC’s Oriel Morrison finds out more. Watch Video MEDIA: VIDEO Permalink
Posted By: Reuters The U.S. Treasury Department declined to label China a currency manipulator, retreating from tough talk last year when a campaigning Barack Obama said Beijing had kept its currency’s exchange rate unfairly low. Read More Topics: Currencies | Yuan | U.S.
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FXbootcamp London Outlook 04/16/2009 (Daily FX)
Although China’s first-quarter GDP fell short of expectations, Olivier Desbarres, director of FX strategy at Credit Suisse sees a silver lining there. He tells CNBC’s Chloe Cho what is giving him that glimmer of hope. Watch Video MEDIA: VIDEO Permalink
Posted By: Reuters The yen and dollar rose on Thursday after a series of weak economic data around the world scuppered some optimism that the global economy may be starting its recovery, pushing investors toward perceived safer assets. Read More Topics: euro | Economy (U.S.) | Economy (Global) | Foreign Exchange | Currencies | U.S. Dollar | Yen MEDIA: PHOTO Permalink
GBPUSD breaks above 1.4985 (Feb 9 high) resistance. Further rally could be seen to 1.5200 in a couple of days. Initial support is at the rising trend line on 4-hour
on Your First Move For Tuesday January 27th
