US Q4 GDP Soars
CURRENCY TRADING SUMMARY – 1st February (00:30GMT)
U.S. Dollar Trading (USD) Gained across the board on solid Q4 GDP and fresh risk aversion as US stocks continued to fall. Q4 GDP came in at 5.7% vs. 4.6% forecast. Also strong, UoM Consumer Sentiment at 74.4 vs. 73 expected. DJIA -53 points closing at [...]

Written by Dan Micovic
Another disappointing week from the market as the DJIU slipped another 1% and that capped the month of January with a 3.5% loss, the worst monthly performance since February 2009.  The overall picture is beginning to look bleak as we have weakened substantially from a technical perspective, where the SPX Index has [...]

Reuters – The adage “as January goes, so goes the year” bodes ill for equity investors after the S&P 500 closed out its worst month in almost a year. This week, they will have to contend with fears of sovereign defaults and potential unpleasantness in the U.S. labor market as well.

AP – It’s the spoiled brat market.

Tom Schumacher submits:
An article in Friday’s Financial Times discussed Canada’s banking system. According to World Economic Forum, Canada has the world’s "soundest" banking system. It is the only country in the G7 that did not have to come to the aid of its financial sector with a state sponsored bailout. So what makes the [...]