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Oct 23, 13 •
2330 Views •
Morning Roll Call •
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Comments Off on NFP job numbers disappoint but the markets rally regardless
Regular readers of our blog entries will note that on several occasions and on several journal entries this week, we warned our community with regards to the impending NFP job number and how it may be an ‘outlier’ causing over-reaction. We were...
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Oct 22, 13 •
2338 Views •
Morning Roll Call •
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Comments Off on European government finance data confirms that deficit levels fell last year. Markets await the delayed NFP figures.
It’s hard to commend the ECB, the Eurogroup and the dreaded troika for its effective management of the Eurozone crisis given the punishing austerity measures that many of the PIIGS have had to endure as a consequence of investment bank failure. Some of...
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Oct 18, 13 •
2289 Views •
Morning Roll Call •
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Comments Off on European markets remain unimpressed by the USA debt ceiling compromise
Now the dust has begun to settle with regards to the debt ceiling temporary solution, the overall reaction appears to be one of indifference. In many respects that’s a good result as we can now begin to focus more on other high impact news events and...
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Oct 17, 13 •
2335 Views •
Morning Roll Call •
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Comments Off on Debt ceiling resolution sees DJIA rise by 1.3%..
And relax, we can all breathe easy now the debt ceiling impasse has been resolved. From a personal viewpoint many of us in the analyst community are really looking forward to not having to write words such as; “impasse, deadlock, debt ceiling, Congress...
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Oct 16, 13 •
2499 Views •
Morning Roll Call •
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Comments Off on Fitch Places United States’ ‘AAA’ on Rating Watch Negative
Finally one of the most respected rating agencies has broken rank over the USA debt ceiling deadlock by technically lowering the USA credit rating. Senate Majority Leader Harry Reid had stated on Tuesday evening (USA time) that the major credit rating...
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Oct 15, 13 •
2090 Views •
Morning Roll Call •
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Comments Off on President Obama; “if GOP can’t resolve debt standoff, we stand a good chance of default”
At least once a year traders appear to suffer from a malaise, they become stuck in a market vacuum and it’s not of their own making. It only seems like yesterday that many of us in the analyst community were fretting with regards to the fiscal cliff in...
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Oct 11, 13 •
2771 Views •
Morning Roll Call •
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Comments Off on News that the debt ceiling ‘can’ may be kicked down the road caused the DJIA to smash through R3…
There was quite a dramatic moment in the senate committee hearing where Jack Lew took centre stage on Thursday, Democrat senator Maria Cantwell produced a graph of America’s short-term borrowing costs, showing a spike in interest rates over recent...
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Oct 10, 13 •
2342 Views •
Morning Roll Call •
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Comments Off on Janet Yellen’s nomination, to replace Ben Bernake in January 2014, calms and distracts markets from the ongoing debt ceiling crisis…
The DJIA index appeared to briefly escape the clutches and stranglehold of the debt ceiling crisis on Wednesday. The Whitehouse, getting back to the normal business of nominating (or more likely announcing ) Janet Yellen to the position of Chairman of The...
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Oct 9, 13 •
2573 Views •
Morning Roll Call •
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Comments Off on IMF lowers its global growth targets and warns USA of debt ceiling impasse
The IMF finally added its voice to the opinions of; APEC, Chinese officials, Japanese officials, Goldman Sachs, the USA Treasury chief, and other assorted bank chiefs and analysts regarding the debt ceiling. There was one other voice who added his opinion...
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Oct 8, 13 •
2443 Views •
Morning Roll Call •
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Comments Off on Chinese officials wade into the Congress impasse, warning US over debt ceiling as deadlock hits markets…
Many investors are aware that China is the largest holder of USA debt in the form of U.S. Treasuries, therefore when Chinese officials raise their concerns, with regards to the current impasse, investors, analysts and traders should sit up and take notice. As...