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- ForexLive US wrap: Fed giveth, Fed taketh away
- Equities pause for breath; EUR too?
- EUR/USD backs off as run at 1.4250 falters
- EUR/USD slowly closing in on Thursday high
- US DATA: N Amer auto sales were 9.7m in Mar vs 10m…
- US DATA: USA Today reports that median CEO pay 27%…
- As US Hill Nears FY11 Deal, Dems & GOP Gear Up For FY12 Fight
- Big Spanish Caja will seek aid for government
- US’s Boehner:’Not Preparing’ For Government Shutdown Next Week
- SNB repeats strong franc hurts exports
- Labor Economists: Challenges Remain Despite Solid March Jobs
- New session highs for EUR/USD, EUR/JPY
- US DATA: With about 3/4 of sales in, Mar dom auto at.
- Fed Dudley:’Can Be Patient’Re Exit If Infl Expcns Stay Anchord
- Risk on afternoon has AUD in record territory
- Obama: Republicans, Democrats close to agreement on budget
- Fitch downgrades Portugal to BBB-, outlook negative
- Obama: US economy showing signs of real strength
- Fed’s Kocherlakota:CB Gov Dbt Grntee Maybe Optiml Some Situatn
- US Reid: Talks Now Focused On ‘Details’ of FY’11 Spending Cuts
| ForexLive US wrap: Fed giveth, Fed taketh away Posted: S&P cuts Ireland to BBB+, outlook stable Fed's Plosser: Strong rebound in economy, inflation may require aggressive policy action Time to tighten may not be a long way off Non-farm payrolls rise 216,000; unemployment rate dips to 8.8% from 8.9% in March Greek finance minister: Deficit will be higher than forecast--Bloomberg Australian Treasurer: Natural disasters, ...    |
| Equities pause for breath; EUR too? Posted: Equities attempted to retest their recent highs at 1345 but came up a handful of points shy. We're dipping on profit-taking late in the session as the old tops contain things. Perhaps we'll see a similar reaction in EUR/USD, having stalled near its recent 1.4249 highs...  |
| EUR/USD backs off as run at 1.4250 falters Posted: The dollar retains its last shred of dignity... No confirmation but traders say they suspect central banks still have selling interest into rallies. We've dipped to 1.4235 from 1.4246 highs.  |
| EUR/USD slowly closing in on Thursday high Posted: Not so slowly any more...by the time I could type, we broke to fresh highs of 1.4237. 1.4250 barriers are the next hurdle, followed by trendline resistance at 1.4279 and the November 5 high of 1.4282. Should all of that resistance be wiped away, 1.4300 barriers are rumored. Central bank sellers have ...  |
| US DATA: N Amer auto sales were 9.7m in Mar vs 10m… Posted: US DATA: N Amer auto sales were 9.7m in Mar vs 10m in Feb, with 96% of data complete.  |
| US DATA: USA Today reports that median CEO pay 27%… Posted: US DATA: USA Today reports that median CEO pay jumped 27% in 2010 to $9.0 mln.  |
| As US Hill Nears FY11 Deal, Dems & GOP Gear Up For FY12 Fight Posted: --White House, Congress Edge Toward Accord on FY 2011 Budget --Senate Leader Reid, House Speaker Boehner Seek Deal Before April 8 --House Budget Committee Chief Ryan to Unveil FY 2012 Budget Next Week By John Shaw WASHINGTON (MNI) - While next week is likely to contain plenty of budget ...  |
| Big Spanish Caja will seek aid for government Posted: The mergers of Spanish cajas has hit a major snag and on of the victims is CAM which just announced it will seek EUR 2.8 bln in aid from FROB, the Spanish bank recapitalization fund.  |
| US’s Boehner:’Not Preparing’ For Government Shutdown Next Week Posted: --House Speaker Says Key Leaders Are Still 'Talking' On FY'11 Budget --'There Is No Number' For FY'11 Spending --Going To 'Fight For All The Spending Cuts We Can Get' --Gov Shutdowns 'End Up Costing More' Than is Saved By John Shaw WASHINGTON (MNI) - House Speaker John Boehner said Friday ...  |
| SNB repeats strong franc hurts exports Posted: SNB official Danthine says very cautious monetary policy is still needed and that inflation is moderate. EUR/CHF continues to march higher as the market sheds safe-havens. It's now at 1.3165.  |
| Labor Economists: Challenges Remain Despite Solid March Jobs Posted: --NFIB Econ Says Employers Intend on Creating Less Jobs in April By Ian McKendry WASHINGTON (MNI) - The U.S. March employment report released Friday showed the economy is improving, but fundamental challenges will continue to make the economic recovery an uphill battle, economists say. ...  |
| New session highs for EUR/USD, EUR/JPY Posted: A Fed hike? Maybe. Someday. Later this year, possibly. An ECB hike? A certainty. Thursday. The only questions: How big and how many? Expect a 120.00 barrier in EUR/JPY with prices soaring to 119.70 thus far. EUR/USD is closing in on Wednesday's 1.4233 highs, now at 1.4225. Heavy resistance lies in the ...  |
| US DATA: With about 3/4 of sales in, Mar dom auto at. Posted: US DATA: With about 3/4 of sales in, Mar dom auto sales are running at 9.8m vs 10m in Feb.  |
| Fed Dudley:’Can Be Patient’Re Exit If Infl Expcns Stay Anchord Posted: By Steven K. Beckner SAN JUAN, Puerto Rico (MNI) - New York Federal Reserve Bank President William Dudley said Friday that the Fed "can be patient" about withdrawing monetary stimulus so long as people remain confident in the Fed's ability and will to do so and ...  |
| Risk on afternoon has AUD in record territory Posted: AUD/USD recovered from a healthy sell off early in the US session after hawkish Fed-speak and strong US data prompted fears of Fed hikes long before the market expected. That was before the dovish comments from NY Fed president Dudley totally harshed the market's buzz... AUD/USD's rally did not quit until ...  |
| Obama: Republicans, Democrats close to agreement on budget Posted: But differences remain Irresponsible to allow the government to shut down due to budget impasse  |
| Fitch downgrades Portugal to BBB-, outlook negative Posted: Concern that bailout will be delayed until after June 5 election prompts downgrade EU/IMF package necessary to restore investor confidence, sustainable financing  |
| Obama: US economy showing signs of real strength Posted: Drop in unemployment rate good news More work to do on jobs front Economy, jobs first thing he thinks about in morning (too much information!)  |
| Fed’s Kocherlakota:CB Gov Dbt Grntee Maybe Optiml Some Situatn Posted: By Yali N'Diaye WASHINGTON (MNI) - In a very academic discussion of central bank independence and sovereign default, Minneapolis Federal Reserve Bank President said Friday he suspects "it may be optimal for central banks to guarantee fiscal authority debts in some situations." ...  |
| US Reid: Talks Now Focused On ‘Details’ of FY’11 Spending Cuts Posted: --Senate Majority Leader Says Hill, Admin Agree on FY'11 Spending Cap --Entitlements, Defense Must 'Contribute' To Final Cuts --Would Only Have Another Temp Spend Bill To 'Finalize' Deal --Budget Deal Is 'Looming,' Details Need To Be Resolved By John Shaw WASHINGTON (MNI) - Senate Majority Leader Harry Reid said Friday ...  |
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