The crosses present a clear picture of risk aversion.  The EURCAD, EURAUD, and EURNZD look constructive while Yen crosses are at risk of slipping lower.  The AUDJPY and NZDJPY are especially vulnerable.

May 27 (Bloomberg) -- The U.S. recession will probably end in the third quarter, a survey of business economists showed, even as rising joblessness indicates the recovery will be weaker than previously estimated.

Gold prices have surged in recent months, which some observers claim is a clear warning that inflation will soon turn sharply higher as it did in the late 1970s. However,

Is it a coincidence that the bullish rally behind the capital markets has stalled and threatened a retracement just as the world’s central banks start to confirm their intentions to withdrawal the emergency aid initially put into place to stem a financial  and economic collapse?

How promising is the outlook for growth and expected returns? This is a critical question that has perhaps been glossed over, or in some instances utterly ignored, over the past six months.

Forex options and futures markets paint a decidedly mixed picture for the US Dollar, as traders are increasingly unsure of short-term direction. We had been calling for a major US Dollar turnaround for quite some time now, and the EUR/USD’s sharp initial reversal from $1.50 gave us reason to believe that the Greenback could continue higher.

Markets: Fixed Income

On Wednesday, US equities declined on rising concerns about the future of GM and increasing fears that the sharp rise in longer-term US yields would choke the economic recovery hopes.

Morning all. Hope you are well. Nobody mention the football, unless you are Spanish of course. Changed the charts, hope they look better. I think so.