Fara Wave

The FX markets are fairly quiet which is typical following a major holiday and year-end. The EurUsd is 54pips higher at high 1.40 price area, while the UsdJpy gained 30 pips to the 90.67 level. The GbpUsd slid roughly 40pips to low range of 1.47. Equity markets are mostly unchanged…
Go to Original post

A holiday-shortened week found no Santa Claus rally this year, as equities slipped, treasury yields flattened further, and the US dollar resumed its weakening trend. Early surveys of Christmas sales from retailers were mixed but tended toward gloomy-SpendingPulse estimated that December retail sales through the 24th were down 4% versus…
Go to Original post

Markets opened in slightly positive territory following a rise in energy and news that GMAC, the financial lending arm of General Motors, will now be considered in the TARP pool after the Federal Reserve authorized the firm to become a bank holding company. Crude opened higher following news that the…
Go to Original post

Warren Buffett’s official biography, ‘The Snowball’, does not reveal a great deal that was previously unknown about the world’s greatest investor who has always played his cards close to his chest.
But it did contain plenty of references to his failures as well as his huge successes, and is about as fair and balanced as [...]

Buying a few gold coins or the odd mini-ingot and hiding them away has been a successful investment strategy over the past five years. Even in the annus horribilus of 2008 investors who chose gold over other asset classes have been well protected while others have seen their wealth decimated. US dollar gold prices have [...]