Equities in UK and US Hit 2009 High


	Equities in UK and US Hit 2009 High

ryder99

7-27-2009 9:15 AM

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tags:

fed chairman ben bernanke, currency market updates, the financial times

ryder99 says:

The recent move into risk has been upheld with sterling moving higher against the US dollar. Be aware that the pound is being underpinned with the improved performance in equities and this position could easily be reversed.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/296db0e5-913a-428b-a040-5c143afda283/39342FC8-101F-4F5E-ABA5-738FE90557E5/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://currencymarketupdates.com/" href="http://currencymarketupdates.com/" style="font-size: 11px;">currencymarketupdates.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencymarketupdates.com/"><H3>Equities in UK and US Hit 2009 High</H3></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencymarketupdates.com/"><P>
27, July 2009</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencymarketupdates.com/"><P>
Better than expected US corporate earnings and cautiously optimistic comments from Fed chairman Ben Bernanke helped uphold the recent move into risk. <A href="http://www.ino.com/info/196/CD3380/quotes.ino.com%2Fanalysis%2Ftrend%2F?symb=FOREX_GBPUSD"><B>Sterling </B></A> has moved higher against <A href="http://www.ino.com/info/196/CD3380/quotes.ino.com%2Fanalysis%2Ftrend%2F?symb=FOREX_USDGBP"><B>the USD</B></A> this morning with risk appetite supporting this move even in the light of last week's sharp contraction in GDP.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencymarketupdates.com/"><P>
The pound is currently being underpinned with the improved performance in equities, however any reversal in this trend may lead to a sharp sell off in the pound. The pound this morning has also had a helping hand from an article in the Financial Times stating that in the short term China has no choice but to embrace the USD. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencymarketupdates.com/"><P>
This week we have another flurry of corporate earnings with about a third of S&P 500 companies reporting results. <A href="http://www.ino.com/info/413/CD3380/&dp=0&l=0&campaignid=3"><B>How high will the S&P go?</B></A> It is expected that the positive trend will continue.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencymarketupdates.com/"><P>
<B>Report by Phil McHugh</B></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencymarketupdates.com/"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/currencymarketupdates.com/img/5F454E0C-12C2-4A37-BFBE-4A74DCF98534" alt="Currencies Direct & Forex trading" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencymarketupdates.com/"><P>
<EM><B>Currency Market Updates are compiled by Tom Nadir.</B></EM></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencymarketupdates.com/"><div align="center"><img src="http://content7.clipmarks.com/blog_cache/currencymarketupdates.com/img/604AA715-24CC-4714-8563-7186009E4823" alt="" /></div></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/39342FC8-101F-4F5E-ABA5-738FE90557E5/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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