Daily Forex Analysis

SAN FRANCISCO (MarketWatch) — Moody’s Investors Service on Tuesday placed Motorola Inc.’s Baa2 rating under review for possible downgrade due to the company’s prolonged decline in performance. The ratings agency also cited the uncertainty over the cost and the timeframe of returning the handset business to profitability. “While the company has retained a handset […]

NEW YORK (MarketWatch) — U.S. stocks ended firmly higher on Tuesday, gaining back some ground after a 680-point slide in the Dow industrials on Monday, as automakers hopeful for public money presented plans to return to profitability. The Dow Jones Industrial Average gained 270 points, or 3.3%, to end at 8,419. On the Dow, […]

SAN FRANCISCO (MarketWatch) — General Electric Capital Tuesday filed a prospectus with the Securities and Exchange Commission to issue notes backed by the FDIC. Terms and size weren’t disclosed, although GE spokesman Russell Wilkerson said the company had filed for a “benchmark” deal, or one over $500 million. An offering from General Electric Co.’s troubled […]

SAN FRANCISCO (MarketWatch) — Nissan Motors said Tuesday that U.S. November sales dropped 42.2% to 46,605 vehicles from 80,683 a year ago. Nissan branded vehicle sales in November fell 44.4% to 38,974 units, and Infiniti branded vehicles saw a 28% drop to 7,631 units from last year.
Market Pulse Stories are Rapid-fire, short news bursts […]

SAN FRANCISCO (MarketWatch) — General Motors Corp. on Tuesday submitted a plan to Congress to tap up to $18 billion in federal loans to create a company that is profitable and self-sustaining in the long term. In its blueprint, GM requested term loans of up to $12 billion to secure adequate liquidity until Dec. […]

G10 Advancers and Decliners vs USD
SEK
1.58
JPY
-0.35
The dollar gave up some of yesterday’s gains against the majors based on a light reversal in the risk aversion trade. The EurUsd rose over 100pips to the low range of 1.27, while the UsdJpy picked up 45pips moving up to the mid 93 level. The GbpUsd made […]

SAN FRANCISCO (MarketWatch) — Citigroup said the institution launched a $5.5 billion, three-part bond deal Tuesday. The largest segment is a fixed-rate offering of $3.75 billion, maturing in three years, that is priced at 85 basis points over the mid-point of the Treasury interest rate swap curve. It’s also offering $1 billion in two-year, […]

WASHINGTON (MarketWatch) — The Federal Reserve is “wrestling” with how alternatives to rate cuts would play out in a market that is conditioned to think of monetary policy only in terms of short-term rate moves, said James Bullard, the president of the St. Louis Federal Reserve Bank on Tuesday. In an interview on Bloomberg cable […]

SAN FRANCISCO (MarketWatch) — General Motors Corp. will hold a briefing at 5:30 p.m. Eastern time Tuesday to discuss its plan for long-term viability that it submitted to the Congress. Big Three automakers are required to submit restructuring plans in exchange for billions in federal aid. Ford had earlier turned in its blueprint […]

SAN FRANCISCO (MarketWatch) — Chrysler LLC on Tuesday reported a 47% drop in November U.S. sales to 85,260 vehicles from 161,088 a year ago. In contrast to most rivals, Chrysler’s sales of cars fell more steeply than trucks, falling 59% to 20,475 units while truck sales slid 42% to 64,785. “Our goal is to fight […]