Spain and Italy begin this years funding operations with bond auctions tomorrow and Friday. Although the euro is bouncing along its recent trough against not only the dollar, but against many of the other major currencies as well, there has been a modest improvement in some of the measures the… read full news Published: Thu,… »
Archive for January 11th, 2012
Thoughts Ahead of Spanish and Italian Bond Auctions
Wednesday, January 11th, 2012US wrap: A slightly lower low; no bounce to speak of for euro
Wednesday, January 11th, 2012EUR/USD falls as low as 1.26615 at the European close; bounces limited to 1.2710 Swiss FinMin: May take until April/May to replace Hildebrand Merkel says Germany may increase ESM contribution Monti: Market must recognize Italian reforms Chicago Fed President Evans: US economy n… read full news Published: Thu, 12 Jan 2012… »
Dollar Index: Bullish Momentum Extends, Up Against Key Resistance
Wednesday, January 11th, 2012With continued bullish momentum remaining intact following Dollar Indexs medium term rally started from the 74.72 level, its Oct 2011 low, it now looks to take out its key resistance zone at the 81.31/44 levels. The Index will have to decisively break and hold above this key zone to extend further… read full news Published:… »
BOE expected to hold off on economy boost until February
Wednesday, January 11th, 2012The foundering UK economy is unlikely to receive a boost from the Bank of England tomorrow, with economists expecting the next dose of quantitative easing to com next month. The Banks monetary policy committee (MPC) will almost certainly will keep the total of quantitative easing at 275billion … read full news Published: Thu, 12 Jan… »
Hey Hedge Funders, Here Are 10 Reasons You Should Move Your Firm To Gorgeous Malta
Wednesday, January 11th, 2012Malta. It’s a small island republic in the middle of the Mediterranean Sea, and it’s slowly becoming a financial hub for hedge funders. Aside from the nice weather and the ocean views, financiers are also attracted to the island’s membership in the EU and lax taxes. This week, Bloomberg Market… read full news Published: Thu,… »
Beige Book – January 11, 2012
Wednesday, January 11th, 2012Contact reports from the twelve Federal Reserve Districts suggest that national economic activity expanded at a modest to moderate pace during the reporting period of late November through the end of December. Seven Districts characterized growth as modest; of the remaining five, New York and… read full news Published: Thu, 12 Jan 2012… »
U.S. Bond Market May Be in Bubble, Yales Shiller Says
Wednesday, January 11th, 2012The U.S. bond market surge that has pushed debt yields to record lows may constitute a bubble, said Robert Shiller, a Yale University economics professor who predicted the collapse of the U.S. housing market. I would say were at record low on long-term rates, the co-creator of the S&P/Case-S… read full news Published: Thu, 12… »
IMF’s Lagarde: Greek rescue needs ‘tens of billions’ more
Wednesday, January 11th, 2012IMF Chief Lagarde said Greek rescue needs ‘tens of billions’ more according to Handelsblatt read full news Published: Thu, 12 Jan 2012… »
US could add to IMF funds, depending on progress on EU crisis
Wednesday, January 11th, 2012US could add to IMF funds, depending on progress on EU crisis, according to Handelsblatt read full news Published: Thu, 12 Jan 2012… »
FX Trader Magazine released iPad and iPhone edition
Wednesday, January 11th, 2012FX Trader Magazine’s new iPad and iPhone app is the first currency trading magazine app to be released on the App Store. It offers high article resolution quality, easy browsing – thanks to both the bottom-browsing bar and the minimized page views – the possibility to bookmark specific articles and… read full news Published: Thu,… »