Your forexlive.com ENewsletter |  |
- Raskin Text Excerpts: Serious Mtg Processing Reform Needed
- ECB Paramo: Following Situation In All Countries Of Eurozone
- ForexLive US wrap-up: QE2 trades unwound
- Conventional wisdom off to a bad start
- NY Fed: No FX Intervention in July-September Quarter
- Germany signs on to CAC plan
- ECB Paramo: Euro Stable, Credible: Infl Expectations Anchored
- Solid buying in high 1.3680s
- ECB’s Gonzalez-Paramo: Gap between EZ growth rates will narrow
- Custody bank: Investors fleeing Italy and Spain
- Tarullo Q&A:Important Fed Doesn’t Get Caught Up In The Moment
- EUR/USD finding some support on the hourlies at 1.3660
- QE2 weighs anchor but yields rise
- US Budget: Costly Tax Plan Competes With Deficit Reduction
- Liquidation underway
- US buying takes USD/CHF to session highs
- EUR/USD loses first fibo support
- Now I’ve seen everything: GBP/JPY rallies despite tising risk aversion
- Irish Fin Min Denies Reports Ireland Is In EU Aid Deal Talks
- Greek deficit back on the radar
| Raskin Text Excerpts: Serious Mtg Processing Reform Needed Posted: WASHINGTON (MNI) - The following are excerpts from Federal Reserve Gov. Sarah Bloom Raskin's remarks Friday prepared for the National Consumer Law Center's Consumer Rights Litigation Conference in Boston, Massachusetts: Our projections remain very grim for the foreseeable future: All ...    |
| ECB Paramo: Following Situation In All Countries Of Eurozone Posted: SARRIA, Spain (MNI) - The European Central Bank is watching developments in the Eurozone but it is up to governments to talk about whether a country requires a financial bailout, ECB Executive Board member Jose Manuel Gonzalez-Paramo said late Friday. ...  |
| ForexLive US wrap-up: QE2 trades unwound Posted: Will they or won't they? Ireland denies multiple reports that it is in talks to secure emergency funding from EU Portuguese central banker: Jitters are justified by Portugal's poor fiscal record University of Michigan consumer sentiment index rises to 69.3 (prelim Nov) from 67.7 (final Oct) IMF/EU may press Greece for more cuts ...  |
| Conventional wisdom off to a bad start Posted: Sometimes things don't work out the way you would expect. Case in point: The Miami Heat. After the picked up LeBron James and Chris Bosh to complement Dwyane Wade, everyone thought they would waltz to a championship. They still might, but they are off to a very slow start. Sort of ...  |
| NY Fed: No FX Intervention in July-September Quarter Posted: NEW YORK (MNI) - The following is Friday's New York Federal Reserve Bank summary of its quarterly report, again confirming there was no intervention in the foreign exchange markets: NEW YORK - The U.S. monetary authorities did not intervene in ...  |
| Posted: Bonds issued after 2013 could come with a load of CAC... The ECB is not thrilled with the idea because they think it creates moral hazard.  |
| ECB Paramo: Euro Stable, Credible: Infl Expectations Anchored Posted: SARRIA, Spain (MNI) - The euro is stable and credible, and inflation expectations remain well anchored, European Central Bank Executive Board member Jose Manuel Gonzalez-Paramo said late Friday. Speaking at an event in this lesser-known corner of Spain, Paramo called ...  |
| Posted: Just spoke with a bank that sold a fairly lumpy piece of EUR/USD in the 1..3680s and the market swallowed it whole and asked for more...  |
| ECB’s Gonzalez-Paramo: Gap between EZ growth rates will narrow Posted: Left unsaid is the fear that German growth will fall to the sub-par levels of the rest of the euro zone... He also says the statement but out by Germany, France the UK, Italy and Spain today( that bond-holders will only take haircuts on soured sovereign debt issued after 2013) is ...  |
| Custody bank: Investors fleeing Italy and Spain Posted: It's not the worst of the worst that are seeing the biggest outflows of investor cash, it's the next tier lower. And the next tier is where two of the big boys reside: Spain and Italy. If investors continue to pull funds out of those markets, the euro could have ...  |
| Tarullo Q&A:Important Fed Doesn’t Get Caught Up In The Moment Posted: By Ian McKendry WASHINGTON (MNI) - Amid a climate of extraordinary policy actions and economic turbulence it is important the Federal Reserve remains "insulated" from the politics of the moment and focuses on its tasks of price stability, employment and regulation, Federal Reserve Governor Daniel Tarullo ...  |
| EUR/USD finding some support on the hourlies at 1.3660 Posted: There is some minor support on the hourly charts at 1.3660 but it is firming up as we bounce from that level. As well, there is support from the 61.8% Fibo retracement of today's bounces at 1.3650. Intraday shorts may want to lighten up some as a result...  |
| QE2 weighs anchor but yields rise Posted: What if the Fed bought $7 bln in Treasuries but yields rose anyway? That would be unexpected, no? Unexpected, but reality. US 2-year notes are soaring in yield, up to 0.50% for the first time since mid-September. The beneficiary? The dollar, broadly but USD/JPY in particular.  |
| US Budget: Costly Tax Plan Competes With Deficit Reduction Posted: --President Obama Continues To Signal Desire To Reach Tax-Cut Deal --Congressional Republicans Still Call For $4 Trillion Tax-Cut Extension --Deficit Reduction Panel Rattles DC With $4 Trillion Deficit-Cut Plan By John Shaw WASHINGTON (MNI) - With Congress set to return to Washington next week for its Lame Duck session, lawmakers ...  |
| Posted: Gold is down a full $50 from session highs, now at $1360. Oil is 3.5% lower at $84.75 and The S&P has pulled back below 1200. Fears of a Chinese rate hike (or hikes) combined with European sovereign debt woes are undermining risk appetites.  |
| US buying takes USD/CHF to session highs Posted: Buying from a US investment bank has pushed USD/CHF to fresh highs on the day just below 0.9800 despite EUR/USD being more than a cent above earlier lows and risk aversion ripe in most markets. Very odd price action today in some of the pairs, like this one and GBP/JPY, mentioned ...  |
| EUR/USD loses first fibo support Posted: EUR/USD had fibo support at 1.3699 but that has now gone by the boards. 1.3675 is the next Fibo, the 50% retracement of today's 1.3575/1.3775 rally.  |
| Now I’ve seen everything: GBP/JPY rallies despite tising risk aversion Posted: Let's see... Commodities? Hammered. Down 2.5% Stocks? Ditto. S&P down 1.2%. What is a trader to do? Buy GBP/JPY, of course! Talk about your strange days.... 97.6% of the time, GBP/JPY acts as a risk barometer but today, it's doing its own thing, triggering stops above 133.20 We've been as high as 1.3340 and ...  |
| Irish Fin Min Denies Reports Ireland Is In EU Aid Deal Talks Posted: BRUSSELS (MNI) - Ireland's finance ministry Friday denied reports that the country has begun talks to seek emergency funding from the European Union. "There's no application from the finance ministry for emergency funding and no talks for emergency EU funding," ...  |
| Greek deficit back on the radar Posted: The IMF/EU may require more spending cuts as the Greek budget deficit is seen worse than expected.  |
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