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    ForexLive US wrap: Firm US dollar, yields despite weak NFP

    Posted:

    US non-farm payrolls rise 36,000; unemployment rate falls to 9.0%; payrolls weaker, unemployment rate better than expected Canada adds 69k new jobs; unemployment rate rises Canada's Ivey PMI 41.4 in January from 50.0 in December EU summit: March summit to finalize details of comprehensive euro zone economic package US Treasury declines to name China ...

    SF Fed’s Williams: Mon Pol Models Show FFR Shld be -4%

    Posted:

    --Economic Outlook Brighter But No Full Employment Until 2014 --Concerned About Disinflation 'Ominously' Similar to Japan By Steven K. Beckner (MNI) - If it was possible, monetary policy models show the federal funds rate should be slashed to a negative 4%, and that explains why the Fed is ...

    US Treasury issues currency report: China progress insufficient

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    No major trading partner manipulates currency More rapid progress needed on CNY In China's interest to allow faster appreciation CNY still substantially undervalued The one bit of news here is that China, for the US's huffing and puffing, has still not been labeled a currency manipulator. It probably never will.

    Merkel: Optimistic EMU Will Agree On Details For Compet. Pact

    Posted:

    BERLIN (MNI) - German Chancellor Angela Merkel said Friday she is optimistic that Eurozone member states will agree ahead of the next EU summit in March on ways to make their economies more competitive. Today's EU summit was already "very ...

    Text Of Statement By Leaders Of Eurozone And EU Institutions

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    BRUSSELS (MNI) - The leaders of the 17 euro area countries and the heads of the principal EU institutions issued the following statement Friday night on their commitment to securing the future of the Eurozone. The statement followed a summit ...

    Van Rompuy: EU Leaders Commit To Greater Economic Governance

    Posted:

    BRUSSELS (MNI) - European Union leaders reinforced their commitment to greater economic governance and policy coordination, but no concrete proposals were presented by France and Germany as had been widely expected, European Council President Herman Van Rompuy said Friday evening following the EU summit here ...

    Obama: My understanding some discussions of Egyptian transition have begun

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    Transition must address grievances Must begin now, lead to elections

    Sarkozy: Convergence In EMU Does Not Mean Identical Policies

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    BRUSSELS (MNI) - The Franco-German proposal to harmonize economic policies throughout the Eurozone need not lead to identical policies in each country but rather aims to demonstrate the determination to move toward economic governance, French President Nicolas Sarkozy said Friday. ...

    US DATA: Jan STRIPS +$3.5b. Nov’40 bond +$11m……..

    Posted:

    US DATA: Jan STRIPS +$3.5b. Nov'40 bond +$11m.

    Ok, more next week

    Posted:

    If I did not get to your question, sorry. I'll try to do this again next week. Remind me if we have a slow afternoon...

    Q. Wait, I have another fixing question!

    Posted:

    Q. Many times, we saw a currency rate run up when close to the 16:00 GMT, but at the last 10-15 minutes, the price start to slow and drop. How do we read this price action? Are there demands for the currency at the fixing and the dealer ...

    Q. What is the role of the BIS?

    Posted:

    A. The BIS is described as the central bankers central bank. In forex, they play an important role for central banks who do not what the market to know what they are doing. Let's say massive Asian central bank A wants to buy EUR/USD without cause too much slippage. They may ...

    Merkel: Next summit after March 9

    Posted:

    Have not discussed competitiveness pact in detail yet Competitiveness not must not be measured as an EU average (meaning each county must be competitive, I think --ed) EU wants new quality of economic coordination Van Rompuy, the EU president says (I think I called Rehn president before; he's economic commissioner) Substantial improvement in economic ...

    Q. What is a fixing?

    Posted:

    A: Fixing: A preset time of day when bids and offers are aggregated and cleared at a published price. Popular fixings are the "ECB fix" at 12:15 GMT and the London fixing at 16:00 GMT. Fixings are used primarily by asset managers. They have a fiduciary responsibility to get their ...

    Q. Are Fundamentals better or technicals?

    Posted:

    Q. In my time trying to understand the thinking of the retail trader, I have come to realize that the majority of them rely on technical analysis to base their trades off of. On the other hand, when I study successful traders they might use technical analysis, ...

    Q. What is short-covering?

    Posted:

    Short-covering is when traders who are short the market close out positions. If the market as a whole is short, the covering of shorts will make prices rise, making bears nervous. The higher the market goes, the more nervous the shorts get and the move they cover. The opposite is profit-taking. ...

    Q. Do you often get exact sizes of deals heard in the market

    Posted:

    Some times, but more times as not we get sort of vague descriptions like "large" or "decent" We tend to treat deals over 500 mln euros or dollars as large... We often get exact figures when someone does a large deal and it doesn't move...Guys will say something like " I got ...

    Sarkozy: Euro nations will increase economic integration

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    Non-euro zone members welcome to join competitiveness pact Proposals will be presented in March

    Q. What are bids and offers

    Posted:

    Bids are another term for buy orders. Offers are sell orders. You hit a bid if you are trading on the left-hand side of your dealer's price quote. You "lift" or "pay" offers on the right-hand side of the quote. Also if we say we hear "left-hand side" interest at a fixing, that ...

    US State Governors Say They Don’t Want New Bankruptcy Law

    Posted:

    --National Governors Association Says States Are Fixing Fiscal Problems --NGA Letter Says No Governors Are Seeking New Bankruptcy Law By John Shaw WASHINGTON (MNI) - The leaders of the National Governors Association and the National Association of State Budget Officers sent a letter Friday to congressional leaders saying ...

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