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S and P 500 keeps climbing higher

S&P 500 keeps climbing higher, USD/JPY along for the rideThe FX market has been lackluster today. Everything except for AUD/USD (up a whopping 34 pips) is within a dozen pips of opening levels.
USD/JPY has pulled back to unchanged on the day as stocks continue to rip higher. The S&P 500 is up 9 points to a record 1742. It’s gained nearly 6% from the lows last week.
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Nadin5794 avatar

)) надеюсь следующая неделя будет более благоприятной для моих продаж S@P и покупки usdjpu )...

annatimone avatar

I give you a big credit for doing it! I hope you'll make lots of money!

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S&P Yellen nomination a near to intermediate positive

Standard & Poor’s give two reasons that Janet Yellen’s nomination as Chairman of the Federal Reserve is a near-to-intermediate term positive:
  1. Yellen’s nomination provides markets with a sense of continuity of the Fed’s current monetary policy decision-making and communications process
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mag avatar
mag 15 Oct

We´ll see

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What are the ratings agencies doing?

If any other country was threatening to default in 9 days the ratings agencies would have already issued a downgrade.
At the very least, they should be issuing a negative creditwatch. In June, Fitch affirmed the US with a AAA-rating with a negative outlook. The reason for the negative outlook was uncertainty over prospect for additional deficit-reduction measures, near-term risks associated with expiration of federal appropriations authority and “in particular” timely increase in debt limit.
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mag avatar
mag 9 Oct

scare :((

seediee avatar
seediee 9 Oct

They rated my country as trash, garbage... :( and now I have to live here! :(

tieru999 avatar

Yea their so called "objective ratings" are disputable at best, since they rated now "toxic mortgage packages" with suprising AAA... I stopped even reading their releases (FITCH, MOODYS ... S&P) since 2008.

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