As global markets closed for the year the DJIA finally broke through the critical psyche level of 16,500 to close at 16576. For ‘indices traders’ 2013 has provided spectacular results and very smooth swing-trends throughout the year, due in no small part to the continued QE programme that the Fed only began to taper from […]
JP Morgan have offered their opinions to be positioning selectively for further deleveraging of short-term speculative positions and longer-term bond positions following the biggest rise in interest rate volatility in 2-1/2 years and spillover to more unstable equity/FX conditions, but say to avoid big positions due to payrolls coming up at the end of the
Flash: Macro trade positioning– JP Morgan Read More »
2013-05-24 17:49 GMT The Australian dollar came under renewed pressure during the American afternoon after failing to regain the 0.9700 mark, and fell to fresh daily lows in recent dealings. AUD/USD extended losses to the 0.9630 area before finding support and it is currently trading around 0.9645, still down 1.0% on the day. In terms
AUD/USD falls to fresh lows Read More »
Moody’s rating agency announced today that it maintains a negative outlook on Spain’s Baa3 credit rating. One of the main reasons for this decision was the agency’s conviction that the country will fail to reach the 4.5% deficit target fixed by the EU. In Moody’s opinion, Spain will only manage to bring down its deficit
Moody’s maintains a negative outlook on Spanish rating Read More »
The shared currency is closing the week with strong gains, currently hovering over 1.3015/20 after hitting weekly highs in the boundaries of 1.3040. Recall that the euro found increasing buying interest on Thursday soon after hitting 2013 lows around 1.2740, and then initiating a sharp ascent reinforced today by the horrible data from March US
Forex: EUR/USD consolidating above 1.3000 Read More »
No problem readers, I’ll cover the $1.09, so it’s not all bad. Although using the USA methods of compound interest if I don’t pay it soon they might stiff me with a bill for a million or two, so perhaps a ‘whip round’ is in order. The USA officially closed the books on 2011 with
$15,222,940,045,451.09, The USA Finally Breaches 100 Percent Debt Versus GDP Level Read More »
