Comments for Finance Exchange

Comment on Dollar Confidence Falling by USD Comeback Act | Finance Exchange

USD Comeback Act | Finance Exchange — Fri, 18 Jul 2008 11:04:00 +0000

[...] we previously reported, a Bloomberg survey showed that economists expect the dollar to weaken further against the majors [...]

Comment on Euro Trading Lower After Trichet Comments by Rob

Rob — Mon, 14 Jul 2008 15:44:02 +0000

Hi Eric, you generally meet significant resistance when the numbers are in the zero’s (1.5000, 1.6000 etc). When we consider back a while, the euro hadn’t broken through the $1.5000 mark, there was significant resistance at this point. Generally speaking, new highs will meet resistance, especially with recent Fed comments that they don’t want the dollar to weaken any further. It is in the interests of Europe, the UK and America to maintain a certain amount of strength in the dollar.

It is likely that the $1.6000 region is receiving significant psychological resistance from dollar bears and a certain amount of intervention from some of the big global banks injecting money into the system to bolster the currency.

In the long run though a break through $1.6000 isn’t out of the question.

Comment on Euro Trading Lower After Trichet Comments by Eric P. Martin

Eric P. Martin — Fri, 11 Jul 2008 15:49:02 +0000

Hi Rob,

I’ve been trading the EUR/USD for about 3 months now. Do you know why 1.5900 - 1.6000 has so much resistance built up? It doesn’t seem to ever go past this point. Who would be buying USD in that area?

Eric P. Martin

Comment on SUVs Say Tata to Ford by David Gregory

David Gregory — Thu, 12 Jun 2008 15:55:24 +0000

Who would have thought that the legendary groove beat-combo Manhattan Transfer would have foreseen the performance income potential when they wrote Chansons D’Amour ….each time I hear….ra tata tata tata”

Comment on SUVs Say Tata to Ford by Rob

Rob — Wed, 11 Jun 2008 16:21:41 +0000

@ Freed Lander - I was quite surprised by the EURONCAP rating for the Freelander to be honest. I thought 4×4 vehicles tended to be unsafe, but that’s clearly not the case anymore.

@ Orlandy - I didn’t realise Land Rover were making a profit, I knew Jaguar were in pretty sore-straights, but I think the new XF may buck the trend. They certainly look the business, I’m not too sure how economical they are though.

Time will tell whether it was a good buy for Tata. At $2.3bn it was quite a large investment for the Indian car manufacturer.

Comment on SUVs Say Tata to Ford by Orlandy

Orlandy — Wed, 11 Jun 2008 16:13:06 +0000

Land Rover was the part of the deal that was turning a profit. Jaguar has been losing Ford money for quite some time. Land Rover’s continued development in technology, such as the new ‘All Terrain Response System’ earned them one of the two coveted Queens Awards they picked up this year. This can do nothing but boost the brand and help ensure a successful financial future.

Comment on SUVs Say Tata to Ford by Freed Lander

Freed Lander — Wed, 11 Jun 2008 16:12:50 +0000

The Freelander certainly has come a long way forward with improved safety features - back in 2002 the ANCAP test only awarded 3 stars and a meagre 6.434 out of 16 for the offset crash test (possibly the most common crash off roaders experience).

Comment on Tough Times For Financial Services Job Seekers by Finance Sector I.T. Jobs Wanted! | brightscape.net

Finance Sector I.T. Jobs Wanted! | brightscape.net — Wed, 11 Jun 2008 15:52:29 +0000

[...] on May 23rd, Finance Exchange reported on tough times for jobs in general within the financial services [...]

Comment on Tough Times For Financial Services Job Seekers by Rob

Rob — Tue, 27 May 2008 15:03:46 +0000

Hi Rick, I think it’s very interesting to see the economic troubles that are hitting across Europe, the US and the UK in particular. For the first time (since I can recollect)we are seeing lots of negative factors hitting at once.

Global warming, downturn in economy, rising oil prices (among other commodities). We are also seeing the prolonged strengthening of the euro against the dollar marking a key economic move for the global market.

Comment on Tough Times For Financial Services Job Seekers by Rick Vaughn

Rick Vaughn — Sat, 24 May 2008 04:17:52 +0000

Its funny I have heard more than one person here in the States say that what happened to Bear Sterns was the bottom of this recession. I’m starting to see how all of these markets are connected good post Rob.