Forex technikal and fundamental analysis: Your forexlive.com ENewsletter

Mar 6, 2010

Your forexlive.com ENewsletter

Obama budget equals $1 trln annual deficits for next decade: CBO
ForexLive US wrap-up: Payrolls fall less than expected; risk revived
S&P within 10 points of post-credit crisis highs
US DATA: Jan consumer credit +$5b, in its first Jan..
US consumer credit rises $5 bln, first rise in year
Romer says she’s not a candidate for the Fed
Stocks in high gear headed into final hour
Pimco: Spread between between Govvies, corporates should close
Is stimulus no longer stimulating?
JAPAN: Looks like Japan’s auto unions may not be St..
GERMANY: correct Greek PM Papandreou Says EMU good…
GERMANY: Merkel must curb CDS speculation. Says EMU..
US: Rep Frank’s statement is on web at-…………..
US: Rep Frank (Rtrs) saying does not want debt to….
US: Rep Frank is on Rtrs backtracking, saying he US..
GERMANY: Merkel says the eurozone is currently Says..
Merkel: Bilateral aid for Greece not in question
US: Sen Dodd says is very close to agreement on bank.
GERMANY: Merkel; Will aid Greece in doing structural.
GERMANY: Merkel says will aid Greece in doing……..

Obama budget equals $1 trln annual deficits for next decade: CBO

Posted:

The Congressional Budget office says the budget submitted by President Obama will produce deficits of nearly $1 trln annually for the next decade. Obama has been trumpeting the sterling reputation of the CBO since its analysis of his health care plan says it will reduce the deficit over its first ten ...

ForexLive US wrap-up: Payrolls fall less than expected; risk revived

Posted:

US non-farm payrolls fall 36,000; unemployment rate steady at 9.7% ECB's Weber: Euro will never be a soft currency Eurogroup's Juncker hints at "secret" EU aid plan; Not needed for Greek aid Greece passes austerity bill despite street protests Merkel: No question of bilateral aid for Greece US consumer credit rises$5 bln in January; first ...

S&P within 10 points of post-credit crisis highs

Posted:

US equities have recouped the bulk of the losses seen early in 2010, climbing to 1140 from 1045 lows. 1050 is the January 19 high. EUR/USD was at 1.44 on January 19 and EUR/JPY at 134, for what it's worth...

US DATA: Jan consumer credit +$5b, in its first Jan..

Posted:

US DATA: Jan consumer credit +$5b, in its first increase since Jan 2009 and its biggest increase since July 2008. Revolving -$1.7b and nonrevolving +$6.6b. Nonrevolving covers automobile loans and all other loans not included in revolving credit, such as loans for mobile homes, education, boats, trailers, or vacations.

US consumer credit rises $5 bln, first rise in year

Posted:

This is important news: the us consumer has gotten back into the game and opened his wallet for the first time in a year in January. According to the Fed, consumer credit rose for the first time since January 2009. It was also the largest gain since July 2008. Credit ...

Romer says she’s not a candidate for the Fed

Posted:

White House economist Christina Romer says she most certainly won't be a candidate for one of the openings on the Federal Reserve Board. This confirms she is almost certain to be nominated...

Stocks in high gear headed into final hour

Posted:

The lull is ending a bit early this afternoon as US equities push up to fresh session highs. The S&P 500 trades up now about 1.2% or 13 points. Look for USD/JPY to drift up with equities. It trades now at 90.35. Offers are seen at 90.45 and 90.60.

Pimco: Spread between between Govvies, corporates should close

Posted:

As governments absorb credit risks, sovereign yields should trade more closely to to corporate and agency debts, says bond king Bill Gross. But in the next breath he contradicts himself. He says Germany and Canada are at the top of his lists for sovereigns while Greece and the UK are at ...

Is stimulus no longer stimulating?

Posted:

That's the question raised in the Telegraph this afternoon. The US has seen precious little return from its $787 bln except to keep the bubble in municipal employment and perks fully inflated. Austerity is inevitable, whether the government wants to admit it or not. Come this November in the US, there will ...

JAPAN: Looks like Japan’s auto unions may not be St..

Posted:

JAPAN: Looks like Japan's auto unions may not be celebrating St Patty's Day, though we're not exactly sure that's a big day in Japan anyway. Nikkei News reporting that besieged automaker Toyota apparently will not accede to union demands for a bonus of 5mths pay plus Y100,000 for all union ...

GERMANY: correct Greek PM Papandreou Says EMU good…

Posted:

GERMANY: correct Greek PM Papandreou Says EMU membership good thing for Greece. Says Greece more than anyone must solve its problems. Does not want to shift responsibility to others.

GERMANY: Merkel must curb CDS speculation. Says EMU..

Posted:

GERMANY: Merkel must curb CDS speculation. Says EMU membership good thing for Greece.

US: Rep Frank’s statement is on web at-…………..

Posted:

US: Rep Frank's statement is on web at- http://www.house.gov/apps/list/press/financialsvcs_dem/pr_030510.shtml

US: Rep Frank (Rtrs) saying does not want debt to….

Posted:

US: Rep Frank (Rtrs) saying does not want Fannie-Fred debt to have same status as Tsys and wants to be explicit in future about what is/is not a Federal guarantee.

US: Rep Frank is on Rtrs backtracking, saying he US..

Posted:

US: Rep Frank is on Rtrs backtracking, saying he supports US Tsy's Dec 24 statement.

GERMANY: Merkel says the eurozone is currently Says..

Posted:

GERMANY: Merkel says the eurozone is currently stable. Says financial aid for Greece is not a topic currently. Is optimistic it won't become a topic

Merkel: Bilateral aid for Greece not in question

Posted:

The chancellor is optimistic it won't become a question, either. There is no need to discuss Greece leaving the eurozone. We want to contain credit default swaps, she says. The stability of the euro is not a question and is confident it won't become one. The Greek PM says economic government ...