October « 2011 « AutomaticForex

One last downgrade before we run…
Moody’s places Belgium’s AA1 rating on review for a possible downgrade. EUR/USD now at 1.3380. That’s it, I’m done. Happy Thanksgiving, to all those in the great white north! […]
ForexLive US wrap: Spanish and Italian downgrades trump US payrolls
US non-farm payrolls rise 103,000; unemployment rate holds steady at 9.1% : July and August revisions add 99,000 jobs Canadian employment rises 60,900; unemployment rate falls to 7.1% from 7.3%; much better than expected Irish PM Kenny: Aims to be first country out of IMF protection French official: No disagreement with Berlin on banks IMF’s […]
Just ring the damn bell…
8 point bounce followed by 15 point slide…oy vay… EUR/USD off rebound highs of 1.3423, now at 1.3385. […]
Futures position little changed, as of Tuesday
As of the close of business Tuesday, the market was still net short in a big way. I suspect the big rally Wednesday and Thursday, culminating with the jump to 1.3525 this morning changed the picture quite dramatically, though we won’t know until the next release of COT data next week. Speculators on the IMM […]
The most important hour of the trading day…
Nice 8 point bounce in the S&P in the last 30 minutes. EUR/USD is scrambling to cover the shorts taken on the Spanish and Italian downgrades… Oy vey… […]
EUR/USD rebounds after triggering stops
From 1.3359, we’ve rebounded above 1.3400 after taking out stops below the 1.3380 level. The news that the US consumer cut up his Visa card in August has not hurt risk appetites. If anything, equities have rallied since the data was released. Maybe the thinking goes that if the consumer can curb his deficit spending, […]
US DATA: Tsy investor allotments appear to be……..
US DATA: Tsy investor allotments appear to be delayed. […]
US DATA: Aug consumer credit -$9.5b as revolving and.
US DATA: Aug consumer credit -$9.5b as revolving -$2.2b and nonrevolving -$7.3b. NSA federal govt credit (incl SallieMae) +$6.1b. […]
US consumer credit fell $9.5 bln in August
Talk about deleveraging, ouch! The market expected a rise of $8 bln. […]
Latest batch of stops dispatched
EUR/USD making fresh session lows of 1.3360. Next support is at 1.3350, the 61.8% retracement of the 1.3240/1.3525 rally. […]
Please help my friend….
Time’s a wastin. Please give generously to this cause. Please hit this link. […]
Japan’s Furukawa comments on Euro Zone crisis
Japan’s economy minister, Furukawa, says it is important for France and Germany to lead through the crisis. Sustaining Japanese and U.S. growth is crucial to stabilizing global growth. From Reuters News. […]
RBC Cap Mkts Names Brian Varga Head of US Govt Bond Trading
By Sheila Mullan NEW YORK (MNI) – RBC Capital Markets named Brian Varga as managing director and head of U.S. government bond trading in New York. He will report to Peter Hirsch, head of U.S. dollar rates and mortgage trading, and will be responsible for managing RBC’s U.S. Government trading desk (which covers all U.S. […]
Bank of Italy Deputy: Must get EFSF up and running soon (we’re gonna need it!)
Sees risk of global recession Calls for global monetary standard […]
US Credit Mkts Week Ahead: Holiday, Then Tsy 3y-10y-30y Sales
By Joe Plocek and Alyce Andres WASHINGTON (MNI) – Market volatility is likely to continue in the week ahead as the markets remain beholden to headline risk, mainly from Europe. Initial thoughts are that any longs that were established ahead of the long holiday weekend will be unwound if the Treasury market starts the week […]

Stocks turn down on mixed jobs, Europe downgrades (AP)

By zagros, on October 7th, 2011%

A three-day rally on the stock market faded Friday after a mixed jobs report and credit-rating cuts for Italy and Spain.

The Dow Jones industrial average rose in the morning, turned lower at midday and staged a brief rally in the last hour. The latest day of choppy trading ended with a loss of 20 . . . → Read More: Stocks turn down on mixed jobs, Europe downgrades
(AP)

Greeks Strike Against (Already Shaky) Bailout Plans

By zagros, on October 7th, 2011%

Government agencies, public transportation services and tax offices were closed on Wednesday in a large-scale effort to protest against the austerity measures set to be imposed by the EU/IMF bailout, which was, in its ideal form, set to remedy Greek’s debt problems. Included in the strike were many hospital workers and the staff of several . . . → Read More: Greeks Strike Against (Already Shaky) Bailout Plans

World stocks higher ahead of key US jobs report (AP)

By zagros, on October 7th, 2011%

HONG KONG – World stocks climbed Friday following confidence-boosting measures from European and British policymakers though investors became more cautious as they braced for a key U.S. jobs report.

After a week of wild gyrations stemming from Europe’s debt crisis, investors in Asia reacted positively to news that the Bank of England will turn on . . . → Read More: World stocks higher ahead of key US jobs report
(AP)

Greeks Strike Against (Already Shaky) Bailout Plans

By zagros, on October 7th, 2011%

Stocks rise on help for European banks; Dow up 183 (AP)

By zagros, on October 6th, 2011%

NEW YORK – The Dow Jones industrial average rose by more than 100 points for a third straight day Thursday after U.S. retailers reported stronger September sales and the European Central Bank moved to support that region’s lenders.

The Dow jumped 183 points, bringing its three-day gain to 434.

In Europe, investors cheered a promise . . . → Read More: Stocks rise on help for European banks; Dow up 183
(AP)

AutomaticForex

Forex Trading News

Stocks turn down on mixed jobs, Europe downgrades (AP)

Greeks Strike Against (Already Shaky) Bailout Plans

World stocks higher ahead of key US jobs report (AP)

Greeks Strike Against (Already Shaky) Bailout Plans

Stocks rise on help for European banks; Dow up 183 (AP)

Categories

Archives

A sample text widget

Start Saving!