2010-07-29
Market Report – 29 July 2010
» Equity markets on the weak side overnight with a fall in US durable goods orders and results from the Fed beige book indicating little growth in the US economy contributed to the fall.
» Major currency pairs still within recent ranges with the main move being in the crosses with the Yen the main gainer overnight.
» Commodity prices generally weaker also with both Oil and Gold pushing lower.
Questions remain about the US economy with the only course of action for the Fed to continue to print money, but are there enough trees out there?