Wall Street Heads to Higher Open As Investors Look to More Economic Data
NEW YORK (AP) -- Wall Street headed toward a higher open Thursday on speculation that new economic data will show enough weakness to give the Federal Reserve more reasons to cut interest rates.Well I do not understand. Are they stupid or what?
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They clearly say that they want inflating the currency, so the stockmarket to go up in absolute value, since the purchasing power of the money to decrease.
Unbelievable.
I am still bullish on USD for short term, but I don't know what to think anymore.
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2 comments:
Hello
My name is Jerry. I got to know of your site from Boris - anti-sopitalist blogger
I always watch USD/CAD movement to get a feel of how EUR/USD and to a lesser extent, GBP/USD + USD/CHF will move.
As of 1200 GMT, USD/CAD seem stuck in range and so I feel that EUR/USD upside is capped. Will see what happens at 1230 GMT wgen Canada GDP and PPI data are released to get better direction.
Best Wishes
Interesting,
I use Gold and US stock market for same thing.
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