Fundamental Analysis
Stocks Stumble, Dollar Gains
U.S. Dollar Trading (USD) accelerated recent gains as US stocks came under heavy selling pressure and the Euro plunged to 20 week lows. Data was mixed with December Housing starts at 557K vs. 580k expected while Building Permits were at 653k vs. 590k forecast. DJIA -122 points closing at 10603, S&P -12 points closing at [...]
Risk Aversion Helps Dollar Bounce
U.S. Dollar Trading (USD) weaker than expected JP Morgan Results offset some upbeat Intel numbers to lead US stocks lower and help the Dollar gain into the weekend. Also adding to the renewed risk aversion was weaker than expected UoM Consumer sentiment at 72.8 vs. 73.9 forecast. DJIA -100 points closing at 10609, S&P -12 [...]
