Forex market analysis

Warren Buffett: 2.2% GDP Growth For Next 100 Years Would Be Nirvana

May 8th, 5:00 am by Benzinga

Warren Buffett has a balanced view on muted current economic reports, such as last week’s jobs report.

 

Buffett says he is not surprised there were no more jobs created without a more meaningful pickup in residential construction. “When we see a million residential units constructer annually,” he told CNBC’s Squawk Box i

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Mexican Peso Falls as Fears Grow After European Elections

A heap of 100-peso bills The Mexican peso fell today as fears of the European financial crisis intensified after the elections the past weekend revealed growing resentment against austerity measures in European countries. The currency managed to rebound later.

The French voted in favor Francois Hollande in the presidential election over Nicolas Sarkozy. Hollande says that

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Canadian Dollar Steady Today

Canadian Dollar Steady Today Canadian dollar is mostly steady today. Amidst uncertainty about Europe, and concerns about what’s next, the loonie is managing to hold its own, especially against the US dollar. Risk aversion isn’t as big a deal as might have thought after the weekend in Europe. However, there is little domestic data to change the course of the Canadian dollar, a

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Aussie Sees Some Improvement

Aussie Sees Some Improvement After an interesting weekend, the Aussie is seeing some improvement today as the Down Under currency is seen as a safer bet than European currencies right now. After the elections in France and Greece, many are wondering what’s next for the eurozone, and that is giving the Australian dollar a bit of a boost today.

Aussie is even higher against

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Euro Dips on European Elections, Rebounds

1,200 euros The euro dipped to the four-month low today on the outcome of French and Greek elections the past weekend. The currency managed to rally, but remains far below the Friday’s close.

Francois Hollande won the election in France. Such outcome was not unexpected, but it is still negative for the euro. Voters in Greece preferred parties that stand agai

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Facebook’s Upcoming IPO Set to Push NASDAQ to New Highs

Facebook’s Upcoming IPO Set to Push NASDAQ to New HighsMay 7th, 2:59 pm by Barbara Zigah

Facebook’s Upcoming IPO Set to Push NASDAQ to New Highs (eToro Blog) Sometime within the next few weeks, surely before the month is out, social networking colossus Facebook will have gone public, and by some accounts their current valuation estimate of nearly $96 billion may be well under-estimated. Already, Facebook’s Initial Public Offering (IPO) is drawing far more a

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European Equities Dive as Uncertainty Clouds Eurozone’s Future

European Equities Dive as Uncertainty Clouds Eurozone’s FutureMay 7th, 12:07 pm by Barbara Zigah

European Equities Dive as Uncertainty Clouds Eurozone’s Future (eToro Blog) Following this weekend’s various Euro area elections which sent a clear message that austerity was no longer an acceptable option to the citizens of Greece, France and Germany, investors quickly moved away from higher risk assets, which included equities as well as oil, gold and commodity-linked c

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