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- Fed Econs: QE To Cut Unemployment by 1.5%,Keep Price Stabilty
- ForexLive US wrap: Dollar surges as Egypt takes center stage
- Stocks continue to tube
- Speculators increased bearish bets against dollar last week
- White House sends Mubarek a veiled threat
- Trapped longs placing sell orders in 1.3650/60 area
- Chinese Commerce Min: Trade surplus to shrink over next 5 yers
- US cancels press briefing
- Cable eyes area of support between 1.5776/1.5768
- EUR/USD slowly grinding lower
- Q. What about those 1.3700 strikes on Monday?
- Egypt declares curfew across the country: Reuters
- Reuters: EU considering extending Greek, Irish rescue loans to 30 years
- Update: Germany’s Merkel: If Euro Fails, Europe Will Fail
- US DATA: EIA Natural Gas Monthly shows 21,414 bcf….
- USD/JPY back in Kampo’s wheelhouse
- US BudgetRecap: Obama Speech,CBO Def Reprt Worry Deficit Hawks
- Germany’s Merkel: If Euro Fails, Europe Will Fail
- The revolution IS being televised…
- Stops loom at 1.3570
| Fed Econs: QE To Cut Unemployment by 1.5%,Keep Price Stabilty Posted: By Steven K. Beckner (MNI) - In a rousing defense of quantitative easing, senior economists at the Federal Reserve Board and the San Francisco Federal Reserve Bank contend in research to be published Monday that the Fed's asset purchases will result in major job gains while ... |
| ForexLive US wrap: Dollar surges as Egypt takes center stage Posted: US GDP rises 3.2%, below expectations for 3.5% rise; internal composition of report very upbeat as inventory reduction was the primary drag on growth; Final sales highest since 1984 in Q4. Early March EU summit to discuss comprehensive reform package being considered Germany may propose EU competitiveness pact to bring social security ... |
| Posted: The S&P 500 continues its decline late in the session, down 1.9% with roughly 15 minutes left until the close. Looks very unlikely we will have one of those late day miracle bounces to pull yours truly's fat out of the fire... |
| Speculators increased bearish bets against dollar last week Posted: The commitments of traders reports showed that speculative longs in euro/dollar were at their highest levels since early November. Remember early November? The Fed had just officially launched QE2 and the market was so bearish on the dollar it couldn't see straight. What happened over the next few months? A decline from ... |
| White House sends Mubarek a veiled threat Posted: The US will review its aid policy to Egypt based on events that take place in the coming days, the White House says. Egypt gets over $1.5 bln in US economic and military aid annually from the US. Tellingly, Obama has not spoken with Mubarek since the crisis began. Also crossing the wires, ... |
| Trapped longs placing sell orders in 1.3650/60 area Posted: Traders report order books are being filled with orders from traders caught long in today's downdraft. Offers have been lowered to the 1.3650/60 area wile stops are building below important support in the 1.3540 region. Markets are off their extremes as the hour grows late in Egypt. Look for position squaring ... |
| Chinese Commerce Min: Trade surplus to shrink over next 5 yers Posted: Only tiny chance of currency or trade war Countries that issues reserve currencies must keep exchange rates stable Trade surplus virtually all with one country Not a sound argument to ask China to strengthen yuan for trade reasons CNY appreciation might help inflation problem but could bring other problems China investment climate is sound, points ... |
| Posted: The White House and State Department were scheduled to hold a press briefing but they have canceled it, waiting for Mubarek to speak first. CNN reports Mubarek is trying to avoid losing his grip on power and does to want to come across as week. The US is pressing for reforms ... |
| Cable eyes area of support between 1.5776/1.5768 Posted: We find the 21 and 100-day moving averages not too far below the market (on a directional Friday afternoon) starting around 1.57 and three-quarters. If lucky enough to be short, we could see a little bit of a bounce from that area. |
| Posted: Oil is off its highs (at $89.73, now at $88.68) but the US bond market rally continues as investors seek the safety of the deepest, most liquid markets as turmoil grips Egypt and threatens other Arab capitals. US yields are at 3.32 bp, down from 3.45% after the US GDP report ... |
| Q. What about those 1.3700 strikes on Monday? Posted: A. The further the spot price gets from the strike price (in this case 1.3700), the less influence the options will have on the market. Should we move higher on Monday, the option will come back into focus and start exerting a magnetic force on prices. If we stay down ... |
| Egypt declares curfew across the country: Reuters Posted: Expanded from just Cairo, Alexandria and Suez. |
| Reuters: EU considering extending Greek, Irish rescue loans to 30 years Posted: What ever happened to tough love? It' s more like a get out of jail free card now. It looks to me as though Germany is "going all-in" to defend the euro, even to the extent of weakening its own finances to defend the finances of its neighbors...The result will be ... |
| Update: Germany’s Merkel: If Euro Fails, Europe Will Fail Posted: FRANKFURT (MNI) - German Chancellor Angela Merkel invoked another passionate defense of the European currency in a speech at the World Economic Forum in Davos on Friday. "The euro is our currency. It is much more than just a currency, ... |
| US DATA: EIA Natural Gas Monthly shows 21,414 bcf…. Posted: US DATA: EIA Natural Gas Monthly shows 21,414 bcf consumption thru Nov '10, a gain of 5.2% YOY. See http://www.eia.gov/oil_gas/natural_gas/ data_publications/natural_gas_monthly/ngm.html |
| USD/JPY back in Kampo’s wheelhouse Posted: USD/JPY fell back to the 82.00 area, a level near where Japanese institutional investor (and BOJ proxy) Kampo has been a rumored buyer on every dip. Expect them to be around down to about the 81.85 level. Below that level, stop-loss selling is seen. USD/JPY trades quietly around 82.08 now after ... |
| US BudgetRecap: Obama Speech,CBO Def Reprt Worry Deficit Hawks Posted: --President Obama Calls For Discretionary Freeze; Quiet On Entitlements --Obama Urges Cuts To 'Excessive Spending Wherever We Find It' --Congressional Budget Office Sees $7 Trillion In 10-Year Deficits --But Key Budget Groups Warn Outlook Is Much Worse Than CBO Says --Senate Budget Committee Chairman Eyes Long-Term Deficit Cut Plan By John Shaw ... |
| Germany’s Merkel: If Euro Fails, Europe Will Fail Posted: FRANKFURT (MNI) - German Chancellor Angela Merkel invoked another passionate defense of the European currency in a speech at the World Economic Forum in Davos on Friday. "The euro is our currency, it is much more than just a currency, ... |
| The revolution IS being televised… Posted: I had an inkling this thing might get ugly, but it has really hit the fan... Emerging markets are getting hammered as risk aversion rises. Commodity currencies could be the next shoe to drop... Oil is up nearly $4, gold is $35 dollars off its lows for the day and The S&P ... |
| Posted: EUR/USD fell as low as 1.3598 and oil goes to the moon., now up $3.67 to $89.25. A concentration of trailing stops is seen in the 1.3565/701 area, dealers relay. |
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