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Dollar Puts In Another Volatile Run to Nowhere
Intraday volatility is still quite high even though the absence of a clear and consistent direction has become painfully obvious to market participants. This excessive energy speaks to how sensitive speculative markets are to developments in the financial foundations of the capital markets. Read More Dollar Puts In Another Volatile Run to Nowhere Related PostSdanP [...]
US SecondQuarter 2011 GDP Growth Revised Higher Initial Claims Fall in the Latest Week
The final estimate of annualized U.S. second-quarter 2011 GDP growth was revised back up to 1.3% from 1.0% in the second estimate and equal to the 1.3% first estimate. The upward revision in the third estimate was slightly larger than market expectations for an upward revision to 1.2%. As well, Read More US SecondQuarter 2011 [...]
Germany Passes EFSF Changes, Shows Big Drop in Unemployed, Euro Strengthens
The main news today again comes out of the euro zone, this time the approval of the expansion of the euro area rescue fund ? the EFSF ? by the German Bundestag, or the lower house of Parliament. The vote passed with 523 yes votes and 85 against, no 15 of Read More Germany Passes [...]