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| Fed’s Raskin:Need Strong Hsg To Ensure Complete Sustnble Recov Posted: By Steven K. Beckner (MNI) - Federal Reserve Governor Sarah Raskin said Friday evening that the depressed housing market remains a "critically important drag on the economy" and a strong housing market is "critical" to achieving a strong and sustainable recovery. ...    |
| ForexLive US Wrap: Mubarak ends the suspense Posted: US trade deficit widens to $40.6 bln in December from $38.3 in November University of Michigan consumer sentiment rises to a preliminary 75.1 in February from 74.2 Final in January Philly Fed survey of professional forecasters sees brighter growth prospects for US Egyptian president Mubarak resigns, hands over power to military tribunal Axel Weber ...  |
| EUR/USD marching higher into the close Posted: Looks like the algos are on a mission, squeezing out the shorts taken in hopes that the 1.3500 break would lead somewhere...Turned into a blind alley. Now we grind higher in thin Friday markets. The USD index is edging close to support late in the session. Given the way the technicals ...  |
| Posted: To announce Mubarak to stay...Oh, wait. That's the CIA's job... What a clown car we have in Washington.  |
| US Rep Cantor:Hse To Take Up Bill Cutting $100B in FY11 Nxt Wk Posted: --House Majority Leader Says Spending Cut Bill Will Honor GOP Pledge --Rep. Cantor: Expects To Push Spending Cuts As Part of FY11 Stop-Gap By John Shaw WASHINGTON (MNI) - House Majority Leader Eric Cantor said Friday the House will take up a bill next week that will cut ...  |
| I think we can now put Egypt to rest Posted: Unless there is a disruption of the Suez Canal or a takeover by the Muslim Brotherhood, I think we can take Egypt off the board as a factor in the forex market for the immediate future. That said, the CHF sell off that greeted the news that Mubarak had finally packed ...  |
| US Hill GOP Banking Leaders Say Admin GSE Plan Lacks Details Posted: --Sen. Shelby: Administration's GSE Report Lacks 'Any Sense of Urgency' --House Financial Services Chief Bachus Sees Need For 'Real Plan' By John Shaw WASHINGTON (MNI) - House Financial Services Committee Chairman Spencer Bachus and Sen. Richard Shelby, the ranking Republican on the Senate Banking Committee, said they are ...  |
| EU official: Prospect for Greek return to markets this year bleak Posted: Private and public banks must be restructured and deleveraged The comments come from EU mission chief DeRoose  |
| US BudgetRecap: House GOP Leaders Try To Assemble Larger Cuts Posted: --House Speaker Pledges To Find $100 Billion In FY'11 Spending Cuts --House Appropriations Chief: Searching For 'Deep But Manageable Cuts' --Fed's Bernanke Urges Hill To Separate Spending Cuts, Debt Limit Hike By John Shaw WASHINGTON (MNI) - House Republican leaders, under fierce pressure from their conservative ranks, are trying ...  |
| Trichet releases Greatest Hits Posted: In a speech in Bremen, he sings all his big hits. Here is the set list: "I Have Only One Needle in My Compass" "Current CPI Rise Due to Energy Prices" "Inflation Risks are Broadly Balanced" (with the ECB Chorus) "Must Remain Permanently Alert" "Fiscal governance needs a Quantum Leap" "Inflation below 2% This Year and ...  |
| ECB’s Trichet: M-T Price Risks Broadly Balanced, Could Rise Posted: FRANKFURT (MNI) - Risks to Eurozone price developments over the medium-term remain broadly balanced, but could move to the upside, European Central Bank President Jean-Claude Trichet reiterated Friday. Thus, the central bank must remain "permanently alert," the central banker emphasized ...  |
| Posted: $85.11 is the January 28 low.  |
| Switzerland freezes Mubarak assets Posted: According to the Swiss foreign ministry.  |
| We have 2400 followers on Twitter… Posted: but only 24 have voted for us in the Shorty Awards. That's 0.1%. C'mon folks, do us a favor and vote for ForexLive.  |
| Posted: Lows of 1.3497... Another one bites the dust... Solid bids are rumored at 1.3450 if we continue south. Keep an eye on 0.9785 resistance in USD/CHF for cues....  |
| Greece may extend another EUR 30 bln in guarantees to Greek banks Posted: Bloomberg reports.. In return, the Bank of Greece will require banks to lessen reliance on ECB funding  |
| EUR/USD stalls at 1.3575 resistance; back under pressure Posted: We've fallen back to 1.3520 and look like we want to take one more poke at the 1.3500 barrier before the weekend begins. If this last run fails, look for thin, choppy afternoon markets with many sure to withdraw to the sidelines.  |
| Posted: 0.9766 and 0.9785 are levels to watch as USD/CHF tries to ignite a further broad-based USD rally. We are chipping away at offers in the 0.9750 area as we write.  |
| Posted: Was asked to delay announcement by Merkel  |
| USD/CHF the big winner of the Mubarak sweepstakes Posted: USD/CHF has been rallying nicely since Mubarak stepped down just after 16:00 GMT. We've bounced from 0.9715 to 0.9745. EUR/CHF has pushed up close to stoploss buy orders at 1.3205 but came up just short. Merkel is expect to have a statement on Weber's departure in about 10-minutes time. No successor ...  |
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