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- Apocalypse not right now, ‘Rapture’ end of world fails to materialise
- S&P lowers outlook on Italy to negative on debt-plan risks
- EUR/USD goes out on its lows
- ForexLive US wrap: When it rains it pours on Greece
- I like the hamster version better…
- Can anyone in the Northeast US…
- US Budget Recap: Hill Looks For Help, Hope After ‘Gang’ Falls
- US SEC Fills Chief Economist Position Vacant Since March 2010
- Oil $3.50 off lows, now up a buck
- Next Wk/US: Rev GDP, PI, Single-Fam Hmes, U/Mich, Cons Conf
- 1.4214 the high on that run
- Here we go again
- Former 1.4195/1.4205 support now keeping a lid on
- Greece: Fitch downgrade ignores additional Greek pledges
- Big bounce in commodities as EUR holds support
- Lagarde says would accept “voluntary” rescheduling
- Lagarde: Greece in danger of default–Bloomberg
- EUR/CHF leads EUR/USD out of the dive
- 1.2400 under heavy assault in EUR/CHF
- 1.4120/25 good support
| Apocalypse not right now, ‘Rapture’ end of world fails to materialise Posted: Phew…    |
| S&P lowers outlook on Italy to negative on debt-plan risks Posted: When it rains, it pours….. I’ve changed the link on this story.  |
| Posted: Falls to 1.4133 on selling by a US custody bank in a very thin Friday market…  |
| ForexLive US wrap: When it rains it pours on Greece Posted: IMF halts Greek inspection Norway freezes payments to Greece Fitch downgrades Greece to B+ from BB+; still on review for further downgrade Lagarde: Greece in danger of default Buba’s Weidmann: Lengthening maturities on Greek debt means no longer acceptable as collateral by ECB US yields fall 2.5 bp to 3.15% S&P 500 falls 0.8% Oil [...]  |
| I like the hamster version better… Posted:  |
| Can anyone in the Northeast US… Posted: …explain to me what that bright spot in the sky is? It is moving very slowly from east to west. I vaguely remember seeing it before, but it has been a long, long time…  |
| US Budget Recap: Hill Looks For Help, Hope After ‘Gang’ Falls Posted: –Gang of Six’ Stumbles And Senate Budget Chief Delays Plan –Vice President Biden’s Key Budget Negotiations Resume Next Tuesday –Budget Group Sees $1 Trillion In ‘Common Ground’ Savings On Table By John Shaw WASHINGTON (MNI) – In an important and confusing week on the fiscal front on Capitol Hill, the much vaunted Senate “Gang of [...]  |
| US SEC Fills Chief Economist Position Vacant Since March 2010 Posted: By Yali N’Diaye WASHINTON (MNI) – Starting in June, the Securities and Exchange Commission will finally have a chief economist, the agency announced Friday, filling a key position that had been left empty since March 2010. Craig Lewis, “the Madison S. Wigginton Professor of Finance at Vanderbilt University’s Owen Graduate School of Management, is currently [...]  |
| Oil $3.50 off lows, now up a buck Posted: Algos are marching EUR/USD higher as a result…Now back to 1.4207. Copper is on a tear along with gold today, up 1.75%. Gold is consolidating at $1512.75.  |
| Next Wk/US: Rev GDP, PI, Single-Fam Hmes, U/Mich, Cons Conf Posted: By Theresa Sheehan PRINCETON (SMRA) – The economic data calendar will be fairly busy over the course of the week ahead. The highlights are expected to be in numbers related to the housing market and consumer confidence. While the second estimate of first quarter GDP is set for release on Thursday — and an upward [...]  |
| Posted: Just far enough to trigger the weak stops…cruel market… Back down to 1.4192 now.  |
| Posted: All Greece/all the time in the morning followed by the inevitable bounce. Oil is now up on the day, Stocks have recovered much of their earlier losses; Gold holds its bid, EUR/USD is challenging resistance between 1.4195/1.4205… Stops above 1.4210 are looking vulnerable.  |
| Former 1.4195/1.4205 support now keeping a lid on Posted: EUR/USD’s short-covering rally ran into fresh selling from stale longs on the rebound to the former area of support between 1.4195 and 1.4205. We’ve eased back to the 1.4170 area thus far. With any luck we settle into a consolidation in the 1.4140/90 area in thin Friday afternoon trade. Barring any secret meetings in Luxembourg [...]  |
| Greece: Fitch downgrade ignores additional Greek pledges Posted: Well lads, ya see, this is how it works: Make a bunch of pledges and fail to keep them and people begin to ignore your pledges… Fitch influenced by press rumors  |
| Big bounce in commodities as EUR holds support Posted: EUR/USD held support at the 1.4120/25 level (I wonder if the central banks were active down there again) and commodity markets have bounced back strongly, led by gold which is playing its traditional safe-haven role. Oil is well-off early lows, now at $97.60 and the CRB is actually up on the day now. Small stops [...]  |
| Lagarde says would accept “voluntary” rescheduling Posted: Would accept any voluntary concessions banks make on Greek debt Sounds like she is moving closer to the German position…Perhaps a deal to put her at the top of the IMF?  |
| Lagarde: Greece in danger of default–Bloomberg Posted: Further Greek aid only after it shows results Greece must do more than in previous 12 months There won’t be restructuring of Greek debt Very flattered by talk of IMF move Headlines from an interview with Austria’s Standard.  |
| EUR/CHF leads EUR/USD out of the dive Posted: EUR/CHF held the 1.2400 level and is now bouncing on short-covering, trading at 1.2440. EUR/USD has bounced to the 1.4165 area after bouncing from a 1.4139 low. Expect the next 60-90 minutes to remain hectic while traders crawl will into their shell pretty quickly after that… 1.4195 is resistance on rebounds near-term.  |
| 1.2400 under heavy assault in EUR/CHF Posted: Barriers and stops at 1.2400 are under attack. Watch for a snap-back bounce if that goal is achieved…Be wary of selling the break.. Sell the bounce if you are so inclined. 1.24025 the low so far on EBS.  |
| Posted: Remember, there was loads of sovereign buying down there last time. Won’t be pretty if we slide through there without a fight… 1.4050 is further support, followed by the key 1.4000 level where barriers galore are struck.  |
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