Genworth Financial Inc. (NYSE: GNW ), from a traders' perspective, is not the most attractive insurance company, but they seem to be improving their financials. A recent announcement stated That Genworth has repaid all long term debts that were due

While retail stocks fell after a lower than expected consumer sentiment index increase, Saks Incorporated ( NYSE : SKS )bucked the trend and saw shares surge, largely thanks to their newly placed strategic initiatives, which led Deutsche Bank to upgrade

Moments into the morning's trading session on Monday, shares of Motorcar Parts of America, Inc. (NASDAQ: MPAA ) were apparently headed for a fourth consecutive losing campaign in conformity to the company's report of a somewhat dismal 2009 fourth quarter

A provision of the economic stimulus strategy's American Recovery and Reinvestment Act of 2009 has been revised to permit tax deductions on new vehicle purchases by taxpayers in six states without sales or excise taxes, The Department of Treasury announced

The share price of Hoku Scientific, Inc. (NASDAQ: HOKU ) lost $0.78 in after-hours trading to counter an 8.2 percent upsurge from the regular trading session as the Hawaii-based firm said it may not be able to continue financing its

The greenback received a boost across the board at the start of the week, edging up to 1.3757 against the euro and 1.6245 versus the pound. Prompting the currency's strength were comments from Russian Finance Minister Kudrin, in which he

A difficult day for U.S. equities didn't help the common currency's cause and traders also reacted to the Group of Eight finance ministers meeting in Italy over the weekend. Data released in the U.S. today saw the New York Fed's

Pessimism dominated financial markets since early this morning, as investors were rather concerned over the outlook for global growth after data from Europe signaled the recession is still worsening, meanwhile the G-8 Financial Ministers assured markets that the dollar's status

Russia’s about-face on the US dollar got the ball rolling in what turned out to be a stellar NY session for the buck. Russian Finance Minister Kudrin said the dollar is in "good shape" and this was another in a

USD starts the week higher supported by comments from Russia's Finance Minister Kudrin that it was too early to talk about an alternative to the USD as the world's reserve currency. Kudrin told the G-8 that Russia has full confidence

Overall, the dollar was driven higher in the currency market as the global markets re-entered risk-aversion mode. The major pairs started their decline in the Asian session, and continued throughout the U.S. trading hours. Currently, the majors are trading near

Risk retreats. Risk aversion barometer VIX moved higher to almost 31, and the S&P500 fell 2.5%, most of that in an opening plunge. The IMF said a return to trend economic growth in the advanced economies was unlikely before late

Overall, the dollar continues to gain ground against the major currencies throughout the Asian session, as the market remains in risk-aversion mode. The current period of dollar strength comes after the greenback lost more than 10% since March, which represents

Asian equities picked up where the US stock market left off, with most indices falling lower, led by the Nikkei's drop of 2.5% and followed by investors fleeing from riskier positions thus boosting both the Dollar and the Yen. Traders

U.S. Dollar Trading (USD) enjoyed gains all day as the Euro led the majors lower. Oil came off 2% along with Gold and Copper. Stocks were also hit hard by profit taking and helped stoke safe haven buying. TIC long

The dollar rose on Monday as international stocks and commodity prices fell sharply. The greenback was also supported by Russian Finance Minister Alexei Kudrin's comments that the dollar is in 'good shape' and it's 'too early to speak of an

That move sets up the Asian markets to possibly get a positive start to trade, bearing in mind that they had already sold off ahead of Wall Street trade. If so, this could be the perfect place to start to

The dollar rose against a basket of currencies following a resurgence of risk aversion in the market. The EurUsd fell 185pips while UsdJpy gained. The GbpUsd fell 113 pips.; Equity markets fell 2.06% or 181.16pts and the FTSE was down

We begin today's coverage with a look at the Euro-Dollar pair which fell heavily in favor of the greenback. The pair broke a short term line of support on Friday, and today extended its losses falling from 1.40 to start

In currencies, foreign officials continued to jostle over the role of the greenback as a global reserve choice. Japan's Fin Min Yosano reiterated his confidence in USD remaining a key reserve currency. However, Russian President Medvedev has contradicted a similar