Find This Analysis On Educational

www.sunbirdfx.com The bulls in Wall Street released their power right after the FOMC rate statement was published yesterday. As we estimated, the markets have waited the whole week for the main event and the volatility in the markets was extremely higher. The S&P 500 and the Dow-Jones opened the day in the red zone, whereas NASDAQ was already green due to Apple's reports that lifted the stock 6%. The technology index passed 2011' picks and set a new high. The S&P is getting close to last year's climax at 1370 points, which is also the highest level since August 2008. This bullish rally in the stock markets influenced the commodities markets as well, as the precious metals rose more than 2% yesterday. GBP/USD The USD rose against most of the major currencies on the beginning of the day, ...

The Weekly Bottom Line HIGHLIGHTS OF THE WEEK United States * The debate around currency valuations has heated up recently, especially since the Bank of Japan announced in mid-September it would intervene in the foreign exchange market to fend-off the yen from an ongoing appreciation vis-à-vis the U.S. dollar. * This week the U.S. House of Representatives passed a bill that would facilitate trade sanctions on China for its alleged currency manipulation. * Beyond the political motivation, from an economic standpoint it is very difficult to assess the relative valuation of a currency, and therefore any policy actions designed to correct mispricing are bound to generate distortions with higher economic costs than the benefits they pursue. Canada * In Canada, recent ...