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EURUSD

  • #531,381
  • Aug 26, 2011 8:48am Aug 26, 2011 8:48am
Quoting mercy seat
Has been commented and considered as a position squaring move prior to BERNANKE at 16:00 CET ...


Source REUTERS



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Looking forward to that move
  • #531,382
  • Aug 26, 2011 8:49am Aug 26, 2011 8:49am
The tension is gonna be palpable once Bernanke's speech stars.
  • #531,383
  • Aug 26, 2011 8:49am Aug 26, 2011 8:49am
http://www.forexlive.com/blog/2011/0...rnanke-speech/

Yeah only text based info, im watching bloomberg tv online. Getting exciting now isn't it.
  • #531,384
  • Aug 26, 2011 8:51am Aug 26, 2011 8:51am
Quoting JeremyWS
http://www.forexlive.com/blog/2011/0...rnanke-speech/

Yeah only text based info, im watching bloomberg tv online. Getting exciting now isn't it.
from a 1.3% prior estimate, revised Commerce Department figures showed. Consumer spending, about 70% of the economy, grew at a 0.4 percent annual rate, the smallest gain in more than a year.From CNBC

    1. <LI id=yui_3_2_0_5_131436641219490>Federal Reserve Chairman Ben Bernanke's speech from Jackson Hole, Wyo., on Friday (10 am EST) has already been more widely publicized than a James Cameron film—although you can expect fewer special effects. Most analysts are agreed that Bernanke will talk about the Fed's grimmer outlook for the U.S. economy, and defend its actions to date. Where they differ is in what they think he may actually announce on monetary policy, if anything, and what the effect will be on the markets. Analysts at Citi, RBC and Bank of America Merrill Lynch are among those who think the speech will not be providing fireworks. <LI id=yui_3_2_0_5_131436641219480>The world could be heading into another fully fledged credit crisis, according to Satyajit Das, the author of Extreme Money: Masters of the Universe and the Cult of Risk. An expert on risk and credit markets, Das believes that the euro zone debt crisis has taken a turn for the worse and is worried the recent deal to bailout Greece could fall apart. “A disorderly unwind of the Greek debt problem cannot be ruled out." The second problem facing financial markets, in Das' opinion, is the banking sector. “Banks globally, especially European banks, are seen as increasingly vulnerable to European debt problems. The total exposure of the global banking system to Greece, Ireland, Portugal, Spain and Italy is over $2 trillion. Money markets are also showing signs of distress, according to Das. “Banks and financial institutions are finding it increasingly difficult to raise funds. Costs have risen sharply," he said. Throw in a slowdown in economic growth and Das believes trouble is on the horizon.
    2. US money market funds seemed some of the dullest actors in the global financial scene. But in 2007, they quietly helped to spark the crisis in the mortgage-backed securities world, when they silently stopped rolling over bonds. In recent weeks these funds have been quietly backing away from European banks, either refusing to roll over loans, or slashing the maturities of the funds they provide. Fitch, for example, recently calculated that the largest US money market funds cut their exposure in absolute terms by $30 billion in July, even before the latest turmoil. Separately, bankers estimate that Italian banks lost the equivalent of 40 billion euros — worth of money market funding in July.
    3. Tiffany (TIF) raised its full-year profit outlook as more shoppers worldwide snapped up its jewelry during the bridal season, overcoming rising gold and diamond costs, sending shares up nearly 8 percent. Excluding one-time items, Tiffany earned 86 cents a share during the quarter that ended on July 31, compared with 53 cents a year earlier.
    4. “BoA’s decision to issue $5 billion in preference shares to Warren Buffett's Berkshire Hathaway, now confirmed as the market's lender of last resort, at distressed prices was not a statement of strength but weakness. BA needs more capital in any case and Buffett is betting on both BA and if things go wrong that the US taxpayer will bail him out as they did with his investment in Goldman Sachs.” Scotia's Portfolio Advisory Group does not view BAC as favourably as Credit Suisse's analyst (see below). We would continue to avoid the stock. The increasing risk of recession poses a significant risk to BAC's balance sheet, in addition to the ongoing litigation risk related to its mortgage business.

  • #531,385
  • Aug 26, 2011 8:56am Aug 26, 2011 8:56am
55.7 Not Too Bad !!!
  • #531,386
  • Aug 26, 2011 8:56am Aug 26, 2011 8:56am
Morning Killers
Fun Time
  • #531,387
  • Aug 26, 2011 8:57am Aug 26, 2011 8:57am
Quoting egkid
Morning Killers
Fun Time
You´re late
  • #531,388
  • Aug 26, 2011 8:57am Aug 26, 2011 8:57am
Thanks everybody for the reply , I will take care of. still watching the mofu top & never think any great day to overcome this , some tops may break as false spike & further failure stamp on the forehead very possible next again , otherwise range here & there to try next week.
fontu

BY THIS I SEE THEY TANKED 1 MORE LEG , GOLD TO LIMIT 1740 OR DOWN CONTINUE .
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #531,389
  • Aug 26, 2011 8:58am Aug 26, 2011 8:58am
Quoting FX-Ray
Looking forward to that move

Yeah ...

Gleich legt das BERNAKE sein faules Ei ...





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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #531,390
  • Aug 26, 2011 8:58am Aug 26, 2011 8:58am
Quoting mercy seat
Yeah ...

Gleich legt das BERNAKE sein faules Ei ...





;-|
Couldnt say it better buddy
  • #531,391
  • Aug 26, 2011 9:00am Aug 26, 2011 9:00am
We will all have something to like and not like and the market will soon vote Thumbs UP or Down or probably both ...
  • #531,392
  • Aug 26, 2011 9:00am Aug 26, 2011 9:00am
sp500 support almost broken
Mohan
  • #531,393
  • Aug 26, 2011 9:02am Aug 26, 2011 9:02am
Quoting SirGoodman
We will all have something to like and not like and the market will soon vote Thumbs UP or Down or probably both ...

Good Work Benny
  • #531,394
  • Aug 26, 2011 9:04am Aug 26, 2011 9:04am
did anyone had tp set
Mohan
  • #531,395
  • Aug 26, 2011 9:06am Aug 26, 2011 9:06am
Quoting mohan76
did anyone had tp set

i had 4390 with low at 43897 but it didnt close my position. still waiting
  • #531,396
  • Aug 26, 2011 9:06am Aug 26, 2011 9:06am
I am not trading this. That is it for me this week. News really messed up my mind. Better let the dust settle..until next week
  • #531,397
  • Aug 26, 2011 9:07am Aug 26, 2011 9:07am
Quoting mario83
i had 4390 with low at 43897 but it didnt close my position. still waiting
did you reload ?
Mohan
  • #531,398
  • Aug 26, 2011 9:08am Aug 26, 2011 9:08am
greetings HDA, welcome back
Trade Well
  • #531,399
  • Aug 26, 2011 9:08am Aug 26, 2011 9:08am
Quoting FX-Ray
You´re late
No late bro
Check my call @ Asia session
I locked nice++ while ur sleeping
Now no rush we have order limit and we can go away
No stress at all just relaxing and watching
  • #531,400
  • Aug 26, 2011 9:08am Aug 26, 2011 9:08am
Good evening traders....
Hope everyone's doing fine.

Well... what's uncle Ben talking about? I can't get live coverage
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