GBP/USD and EUR/USD

It's about TAPER :nerd:



http://fm.cnbc.com/applications/cnbc...g?v=1374081031


Taper: What Wall Street's favorite buzzword means

When people talk about the Federal Reserve "tapering," they're referring to a reduction in the pace of the Federal Reserve's bond buying program, popularly known as QE.

The Federal Reserve itself doesn't use the phrase "taper," just like it doesn't call the bond-buying program QE. Instead, it says it may "reduce the pace of its purchases."


http://www.cnbc.com/id/101044631

Global shares tread water after German election, Fed focus returns


http://s1.reutersmedia.net/resources...=CBRE97M0TGH00


By Marc Jones

LONDON | Mon Sep 23, 2013 8:26am EDT

(Reuters) - Shares and the euro trod water on Monday as an election triumph for Angela Merkel and upbeat euro zone and Chinese data helped balance renewed concerns about the Federal Reserve's policy stance.

Merkel's resounding win in Sunday's German elections, seen as an endorsement of her steady leadership during the euro zone crisis, was followed by forward-looking euro zone and Chinese PMI data both showing further signs of a pick-up.


http://www.reuters.com/article/2013/...96S00E20130923

Bears Retreating as Europe Shorts Sink to Seven-Year Low


http://www.bloomberg.com/image/i2FyQTZIgzQE.jpg


By Alexis Xydias - Sep 23, 2013 2:19 PM GMT+0700

The retreat by European bears is turning into a rout as equity traders reduce bets against the region’s stocks by about $80 billion to the lowest level in at least seven years.

Borrowed shares of Euro Stoxx 50 Index (SX5E) companies, an indication of wagers against equities, have fallen to 1.7 percent of the total outstanding from 3.2 percent two years ago and 24 percent at the height of the financial crisis, according to data from Markit, the London-based research firm. Bullish bets on Europe have reached the most since 2007 in a Bank of America Corp. survey of money managers who oversee $518 billion.


http://www.bloomberg.com/news/2013-0...-2006-low.html

Yellen Would Bring Tougher Tone to Fed
Some Say Potential Chairwoman's Leadership Style Would Contrast With Bernanke's

By JON HILSENRATH


http://si.wsj.net/public/resources/i...0922172720.jpg

Janet Yellen, the leading candidate to head the Fed, has a different style than Ben Bernanke, Fed staffers say.



Janet Yellen, the lead candidate to succeed Federal Reserve Chairman Ben Bernanke, brings a demanding and harder-driving leadership style to the central bank, in contrast to Mr. Bernanke's low-key and often understated approach.

Ms. Yellen, the Fed vice chairwoman, is highly regarded by many central bank staff members, who call her an effective leader with a sharp mind. But she has clashed with others and left some hard feelings in the wake of those confrontations, according to interviews with more than a dozen current and former staff members and officials who worked with her directly in recent years.

Most agree that Ms. Yellen—who has climbed the ranks from Fed researcher to Fed governor and regional Fed bank president, in between stints outside the central bank—is exacting and exceptionally detail-oriented.


http://online.wsj.com/article/SB1000...EFTTopWhatNews

Treasuries Rise After Fed Officials Say Economy Needs Support

By Susanne Walker - Sep 23, 2013 9:16 PM GMT+0700


Treasury 10-year note yields dropped to almost the lowest level this month as Federal Reserve Bank of New York President William C. Dudley said the U.S. economy has yet to show “any meaningful pickup” in momentum.

Prices of government securities had fluctuated before Dudley said policy makers must “forcefully” push against economic headwinds as the U.S. has yet to show “any meaningful pickup” in momentum. Atlanta Fed President Dennis Lockhart also spoke and Dallas Fed President Richard Fisher will deliver a speech today. Debate over the U.S. federal budget and the debt ceiling, is also renewing concern of a government shutdown, debt default or near-miss that may roil financial markets.

“Dudley’s comments were pretty dovish across the board,” said Jason Rogan, managing director of U.S. government trading at Guggenheim Partners LLC, a New York-based brokerage for institutional investors. “It’s important to see what their thinking is and how strongly convinced they are on the non-tapering approach.”


http://www.bloomberg.com/news/2013-0...-in-check.html

The EURO and the POUND look like their current trend has changed, but should this be the case even after Wednesday's Federal Reserve announcement which forecasters are saying should bring about weakness to the dollar but
for which pair?
that i dont know

Pound more SOLID than Euro

Be Careful @ Wednesday, 25 Sep before US News release... :nerd:

Cable in H1 Chart...


Stronger Bearish Trend

If H4 Support broken, next Level Down to Price 1.5931

Cable in H4 Chart...


MAJOR Strongest Bullish Trend

MINOR Strong Bearish Trend

If H4 Support broken, next Level Down to Price 1.5931
Posible go to D1 Support for FUTURE. Keep watching in Demand Area (Light Blue Box) first !

Italy’s Letta Says Markets Underestimate Risk of U.K. Leaving EU


By Alessandra Migliaccio - 2013-09-24 T23:31:48Z


http://www.bloomberg.com/image/igZfprsdvgKw.jpg


Italian Prime Minister Enrico Letta said a U.K. exit from the European Union would threaten the future of the trading bloc and hailed Angela Merkel’s election victory in Germany.

Markets, politicians and ordinary people “are all under-evaluating the risk of a U.K. exit,” Letta said in an interview with Bloomberg Television’s Erik Schatzker. The other EU nations need to work “a good deal to convince the British (UKGRABIQ) to remain on board.”



http://www.bloomberg.com/news/2013-0...eaving-eu.html

Obamacare's average monthly cost across U.S.: $328


http://s1.reutersmedia.net/resources...=CBRE98O0BBE00


By Caroline Humer

Wed Sep 25, 2013 3:33am EDT


(Reuters) - Americans will pay an average premium of $328 monthly for a mid-tier health insurance plan when the Obamacare health exchanges open for enrollment next week, and most will qualify for government subsidies to lower that price, the Obama administration said on Wednesday.

The figure, based on data for approved insurance plans in 48 states, represents the broadest national estimate for how much Americans will pay for health coverage under President Barack Obama's healthcare reform law next year. The prices of the new plans are at the heart of a political debate over whether they will be affordable enough to attract millions of uninsured Americans.



http://www.reuters.com/article/2013/...98O03P20130925

ADB: Asian bond market stung by tapering caution

Published: Wednesday, 25 Sep 2013 | 11:31 PM ET

By: Katie Holliday | Writer for CNBC.com



The prospect of the Federal Reserve's much-anticipated taper is hurting Asian bond markets, a report from Asian Development Bank has found.

According to the report, local bond markets in Asia are still expanding, but at a more modest pace, as a direct result of investors being more cautious amid greater volatility and weaker growth in the region.

Emerging markets have taken a battering in recent months as fears of a reduction in the Fed's $85-billion-a-month bond buying program prompted sharp capital flows from the region.



http://www.cnbc.com/id/101063771

U.S. Stock Futures Rise After Five-Day Slide for S&P 500

By Sofia Horta e Costa - Sep 26, 2013 5:02 PM GMT+0700


U.S. stock-index futures rose, signaling the Standard & Poor’s 500 Index will rebound from its longest losing streak this year, as investors awaited data on jobs and home sales to assess the pace of the economic recovery.

Bed Bath & Beyond Inc. (BBBY) gained 5.7 percent in German trading after raising the low end of its full-year earnings forecast. Caesars Entertainment Corp. (CZR) slipped 4.1 percent as the casino operator began selling 10 million new shares.

S&P 500 futures expiring in December rose 0.2 percent to 1,689 at 11 a.m. in London. The benchmark gauge for U.S. equities (SPX) has declined 1.9 percent in the past five days after closing at an all-time high on Sept. 18, as President Barack Obama failed to reach a deal with congressional Republicans over the federal budget. Contracts on the Dow Jones Industrial Average added 25 points, or 0.2 percent, to 15,235 today.



http://www.bloomberg.com/news/2013-0...r-s-p-500.html

Rising Rates Seen Squeezing Swaps Income at Biggest Banks


By Dakin Campbell - Sep 26, 2013 11:00 AM GMT+0700




http://www.bloomberg.com/image/i0eMcmtj8Nys.jpg

Bank of America Corp. signage is displayed at a branch in New York, U.S.


A revenue engine that generated $42 billion for three of the biggest U.S. banks in less than five years is beginning to sputter as some borrowing costs rise.

The revenue comes from derivatives used by JPMorgan Chase & Co. (JPM), Bank of America Corp. and Wells Fargo (WFC) & Co. to protect against interest-rate swings. Most of the contracts are swaps that exchange payments tied to a floating rate for ones that are fixed. Banks that benefited from swaps guaranteeing a flat rate could see profit drop as the spread between the higher fixed and lower variable rates narrows or reverses.

The swaps “created some earnings at a time when they needed them,” said Charles Peabody, an analyst at Portales Partners LLC in New York. “The impact will start to recede.”



http://www.bloomberg.com/news/2013-0...est-banks.html

gbp still bearish to me

DOUBLE Pinbar in H1 Chart.
Evening Doji Candle in H4 Chart.

Piercing Line Candle in Daily Chart.
Shooting Star Signal in Weekly Chart.

Cable will VOLATILE run... before found another CANDLE Signal.
BULLISH Trend still Stonger !

I agree. There is a double-top on the H4 chart for the cable but it is in a flat range atm. EU needs to drop more for the cable to drop further.

I recommend Strategy use HIT & RUN

Yes I will have to HIT first...

target ?