Sep 17, 2011

European news dominated the markets last week. There were all sorts of headlines flying around, including surge of chance of Greek default, dry-up of interbank liquidity, Moody’s downgrade of French banks, Italy’s talk with China for bond buying, Eurobond. And markets have been using all sort of excuses to...

Sep 17, 2011

we’d continue to expect upside to be limited by 1.3972 resistance. Below 1.3703 minor support will flip bias back to the downside for retesting 1.3498 first. Break will confirm...

Tunisians are not satisfied with just toppling their corrupt and brutal dictator Zine El Abidine Ben Ali, but would like to recover him from his place of refuge, and subject him to a trial in which he can be questioned on his numerous crimes. It is possible that he will get the death penalty unless it is abolished by that time, although nowadays the death...

Jan 26, 2011

Earlier today we wrote about what we can expect from the FOMC and what economic data the Fed was looking at. What to Expect from Today’s FOMC Decision on Inflation, Growth “As we mentioned the macro-economic data has been better of late, but the Fed statement, while acknowledging the fact, will still remain cautious because of the high unemployment rate....

Jan 13, 2011

Jobless Claims Dissapoint, Jump Back Up to 445K The US labor market got a rude surprise with today’s weekly jobless claims. We saw the figure jump by 35K to 445K for the week ended January 1st. Lower jobless claims have been one of the main fundamental signals that the labor market is healing. Combining this with December’s Non-Farm Payroll Report, it...

Jan 13, 2011

1. Spanish and Italian Auctions Successful, Euro Extends Rally Today the European markets were focused on debt auctions from Spain and Italy. Spain managed to sell €3 billion of bonds, paying a yield that was close to 4.590%. That was higher than in previous auctions but a level that was below that in the secondary market and left investor feeling more...