GBP/USD and EUR/USD

Bernanke's hedge fund gig 'wrong on so many levels': Adami

Kristin Cwalinski | @Kris10Cwalinski
Saturday, 18 Apr 2015 | 4:03 PM ET


Former Federal Reserve Chair Ben Bernanke is heading down a well-beaten path: shuffling through the revolving door between Washington's policy circles and Wall Street's big money institutions.

In a move announced on Thursday, he's going from his former position at the Federal Reserve to Wall Street as a senior adviser at Citadel. The latter is what has "Fast Money" trader Guy Adamiand a number of other Street watchersoutraged.

The $25 billion hedge fund, Citadel, in a statement said, "Dr. Bernanke will consult with Citadel teams on developments in monetary policy, financial markets and the global economy." Adding a note from its founder and CEO Ken Griffin, "He has extraordinary knowledge of the global economy and his insights on monetary policy and the capital markets will be extremely valuable to our team and to our investors."


CNBC

Last post in this thread was 4 months ago?

This Thread almost forgetten...

looks like E/U has bottomed out. Going back up tonight.

The Fed Still Wants Easy Money

by Steve Matthews and Jeanna Smialek
11:00 AM WIB
April 21, 2015


Janet Yellen wants you to know that while the era of zero rates may be drawing to a close, money will stay cheap for a long time to come.

The Federal Reserve chair and her colleagues have stressed in recent speeches that monetary policy will remain unusually easy after they begin to tighten this year for the first time in almost a decade. They are telling investors that the pace of increases is more important than the liftoff date.

This should be the slowest tightening cycle since the funds rate became the policy instrument of choice in 1982, said Roberto Perli, a former Fed official who is now a partner at Cornerstone Macro LLC in Washington.

Policy makers have ruled out an increase at the next meeting of the Federal Open Market Committee, April 28-29. New York Fed President William C. Dudley stressed on Monday that once they start to lift rates above zero, we will simply be moving from an extremely accommodative monetary policy to one that is only slightly less so.



Bloomberg

Global stocks may not be the bargain they appear

Alex Rosenberg | @CNBCAlex


American stocks may be expensive by historical metrics, but those who attempt to find value by tapping into other developed markets may be getting an even worse deal.

On one hand, the S&P 500's forward price-to-earnings ratio of 16.9 and forward price-to-sales ratio of 1.77 sounds high compared with the Euro Stoxx 50 P/E of 15.6 and P/sales of 1.10. And while Japan's Nikkei 225 index is actually trading at a higher earnings multiple of 18.9, its price-to-sales ratio is just below 1. (Numbers are per FactSet)

But the flipside is that according to some market analysts, European and Japanese stocks have soared lately without the economic fundamentals to back them up.

American markets "have less downside, because there isn't as much of this QE betting as there has been in Europe and Japan," commented Ilya Feygin, managing director and senior strategist at WallachBeth Capital. "If we do get a pullback, I think the U.S. will weather it better than those areas that are a bit more stretched."

The European Central Bank and that Bank of Japan are both currently embarking on stimulative quantitative easing programs, whereby central banks create money and buy assets with it, in an attempt to improve the economy by driving down interest rates and counteracting potentially disinflationary forces. America's Federal Reserve ended its own QE program in 2014.

Feygin currently prefers American stocks because the U.S. is now better-supported by the economic fundamentals, whereas Europe and Japan have become QE-needy trades.



CNBC

Global Central Banking in 2015
A first-quarter update for 25 economies

Published Jan. 5, 2015


By JON HILSENRATH
The worlds central banks will navigate three defining cross-currents in 2015: A Federal Reserve that has grown more confident about the prospects for the U.S. economy; troubling doubts about growth in the worlds other large economies; and an oil price drop that will make it difficult to read which way inflation trends are moving.

Janet Yellens goodbye message to markets at the end of 2014 was that U.S. short-term interest rate increases were coming in 2015. The Fed chairwoman is in no hurry to move. Officials have signaled they expect the first increase by midyear. And when they do move rates up, theyll likely proceed cautiously, given their deep reluctance to do anything that would derail the U.S. expansion. Still, a move of any kind would be historic. U.S. rates have been near zero for 72 straight months.

While Ms. Yellen plots her exit, the Peoples Bank of China, the Bank of Japan and the European Central Bank are all exploring new ways to cheapen the cost of credit to stimulate investment and spending in their disappointing economies.

In 2014, this was a cocktail for a stronger dollar. A broad index of the U.S. currencys value increased 12.5% last year, a trend that could well continue if central banks behave as expected. A stronger dollar, better growth prospects and higher credit costs could also be a recipe for capital flows into U.S. dollar assets. The Fed has been arguing since the 2008 financial crisis that it would use new regulatory toolsin collaboration with other U.S. regulatorsto restrain the next U.S. asset boom.

The coming months could be a test of whether U.S. regulators are really prepared to confront such a threat. They could also be a test of the ability of other central banks to manage the tidal shifts in capital flows working toward their shores.

Crude oil pricesdown 46% in 2014are an additional wild card for central banks to manage. Central bankers often say they look through big swings in food and oil prices, because they are volatile and driven by temporary factors. This was the message the Fed adopted at year-end. However such a large price drop is surely sending a deeper signal about the global economy. The signal could be soft global demand; it could also be an America economy bolstered by an energy supply boom. Central bankers misread it at their peril.



WSJ

Global Central Banking in 2015
A second-quarter update for 25 economies

Published April 2, 2015


By JON HILSENRATH
The action among global central banks in the first quarter was in Europe and Asia, where the European Central Bank, People's Bank of China and many other central banks took aggressive new steps to ease monetary policy to boost lagging economies and low inflation. Now in the second quarter the world's attention will shift to the U.S. Federal Reserve, where the world's most influential central bank is contemplating a move in the opposite direction.

Fed officials will consider at their June policy meeting whether to raise short-term interest rates for the first time in nearly a decade. Low U.S inflation and slow growth could lead them to hold off, but the mere fact they'll be discussing it could be a landmark event for markets in 2015. Many other central bankers are watching and waiting for fallout.

The Fed hasn't moved in a different direction from European central banks and the Bank of Japan since the 1990s, when the U.S. economy was ascendant and Europe and Japan were struggling with structural issues. Then, as now, the dollar strengthened. Unlike then, however, today many economists doubt the U.S. economy can serve as an engine of consumption for the rest of the world.



WSJ

Central Bank Watch

Here is how the central banks in four major advanced economies have moved two key levers of monetary policy in recent years, and how two important economic indicators have responded. Select buttons to show or hide central bank data.

Figures updated: April 21, 2015.



WSJ : Central Bank Project

British man held over £500bn Wall Street 'flash crash'

Lone trader Navinder Singh Sarao "significantly responsible" for causing the May 2010 market crash which saw the Dow Jones lose almost 1,000 points in a matter of minutes

By James Quinn, and Gordon Rayner
8:30AM BST 22 Apr 2015



A British man helped to trigger a £500bn US stock market crash by manipulating financial markets on a massive scale from a suburban London semi, US prosecutors have claimed.

Navinder Singh Sarao, 37, is accused of fraudulently making £27 million by using computer programmes to create fake trades on markets linked to the Chicago Mercantile Exchange.

US investigators say he was a major contributory factor to the so-called “Flash Crash” of May 6, 2010, when hundreds of billions of dollars was wiped off the value of the Dow Jones Industrial Average in just five minutes.



telegraph.co.uk

Greek contagion risks may be higher than you think

Dhara Ranasinghe | @DharaCNBC


A perception in financial markets that Greece exiting the euro zone would have limited knock-on effects is misguided, some analysts say.

Euro zone officials meet in Latvia this week to discuss a rescue deal between Greece and its creditors amid growing talk that time is running out for Athens to avoid defaulting on its debt and being ejected from the 19-member euro zone.

UBS does not believe, as its base case that Greece, will leave the euro," Paul Donovan, UBS global economist, said in a video published by the bank's research team.

"However, there seems to be a belief in financial markets that if Greece were to be forced from the euro area it should be regarded as an isolated incident," he said. "This belief, seems to us, to be dangerous."


CNBC

Cable H4 Chart

Down to the Low Line's Channel...



Notice :

Blue Box is Demand Area & Red Box is Supply Area

In the Future looks like...

Cable H4 Chart

Wait for Bull...

How do you know they will come?

Chart's Pattern & more over Conform with Harmonic Pattern.

It's Technical Analysis [TA]

Cable H4 Chart - Update

It should be start from Here... ?

Cable in H1 Chart...


U-turn ?

Good chart. I sold GBP/USD at your green line and set t/p on white line.

EUR/USD is still weak. Haven't seen any bounce at all, so leave it alone and it might retest 1.09 this week. Until then, keep calm and stay low.