AutomaticForex

ForexLive US wrap: Euro squeeze takes on new dimension
US GDP rises 2.8% in Q4; final sales up only 0.8%; inflation tumbles; Core PCE up 1.1%, down from 2.0% ECB’s Draghi: Europe has avoided credit crisis thanks to LTRO University of Michigan consumer sentiment rises to 75 final in January from 74.0 prelim NY Fed’s Dudley: Unemployment unacceptably high, inflation seen decelerating BOE’s Miles: […]
It’s Only $1.2 Trillion, So No U.S. Treasury Press Release
By Denny Gulino WASHINGTON (MNI) – The hour has almost arrived for an important bookeeping entry at the U.S. Treasury Department, the notation that from this day forward the U.S. government can borrow another $1.2 trillion. Don’t look in your inbox for that email from Treasury alerting the world at the close-of-business trigger time. There […]
1.3225 Woo Hoo!!!
And by the end of the week “Well Joe and me and two of my best contacts all think it’s gonna see 1.3225 first. If I were a euro bull that would certainly unsettle me ” Well guess we’re not sooo shabby after all. Incase you missed it; 26/1/12 At 1.3115 we had a poll. […]
It’s never too late for a little Belgium-bashing
IMF: Belgian economy faces difficult outlook It should be able to survive on summit income alone… EUR/USD is going out on its highs, reaching 1.3229. 1.3245 is the 38.2% retracement of the drop from 1.4250 while a 1.3250 barrier is rumored as well. […]
Uh-oh: Another record euro short this week, according to CFTC
Suggests this rally could have a way to run… […]
How’s that Greek privatization program going?
Not so hot, apparently. Looks as though privatization proceeds will be a goose-egg in the first quarter of 2012. […]
Obama Administration to expand mortgage modification program
To extend life of program through 2013 from scheduled end of 2012 Will boost incentives to banks to modify loans I guess I’m not eligible. I pay my mortgage… […]
US Economists See Worrying Signs For 2012 in Q4 GDP Numbers
By Chris Cermak WASHINGTON (MNI) – The outlook for the U.S. economy in 2012 is looking a little bleaker after the release of Friday’s fourth-quarter GDP report, which showed growth was propped up in large part by temporary factors that are unlikely to carry through into this year. While the Federal Reserve and others stressed […]
Greek official: “Great” progress on legal, technical issues of debt swap
Talks to continue Saturday […]
Germany wants stricter extrernal oversight over Greek budget policy–Reuters
Vee haf vays of making balanze see budget! Wasn’t an external budget watchdog part of the second bailout? […]
Greek PM: Optimistic debt swap deal to be reached within days–Reuters
Aims to complete second bailout negotiation with EU/IMF by middle of next week at latest Greece will not default 2011 deficit expected to end up at 9.5% of GDP Greeks realize more fiscal measures are necessary Papademos probably wishes he were back in the cozy confines of the ECB board room. […]
Monti takes the Clintonian “old news” approach
One of Bill Clinton’s most effective defense mechanisms when caught with hand in the cookie jar (or something else) was that the charge was “old news”. Mario Monti just used that defense to dismiss the Fitch downgrade. His reaction to the old news is “detached serenity”, according to Reuters. Well played, Mario! Well Played… […]
Giant German insurer Allianz has outlook cut to negative by S&P; rating affirmed at AA
Ratings matter for insurance companies…You don’t want customers worried over your ability to pay claims… […]
1.3240/45 next resistance
38.2% retracement of the slide from near 1.4250 to 1.2625 comes in at 1.3244 That 1.4250 was the blow-off high from the last short-squeeze from hell back in October, it should be noted. […]
US DATA: BLS 2011 union membership report says rate..
US DATA: BLS 2011 union membership report says membership rate was 11.8 percent, essentially unchanged from 11.9 percent in 2010. The number of wage and salary workers belonging to unions, at 14.8 million, also showed little movement over the year. In 1983, the first year for which comparable union data are available, the union membership […]

UN considers Syria crisis action

By Source of Article, on January 28th, 2012

27 January 2012 Last updated at 20:41 ET

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The BBC’s Jeremy Bowen in Damascus suburb where President Assad appears to be losing his control

The UN Security Council has met . . . → Read More: UN considers Syria crisis action

Summary Box: Dow slips; first losing week in 2012 (AP)

By Source of Article, on January 28th, 2012

STOCK SLUMP: Stocks mostly fell after the government said the U.S. economy grew more slowly than expected in the last three months of 2011. The Dow Jones industrial average and the SP 500 each fell less than 1 percent. The biggest losers were utility stocks, down 1.3 percent.

BAD WEEK: The fall in the Dow . . . → Read More: Summary Box: Dow slips; first losing week in 2012
(AP)

Exporters’ Buying Pushes Yen Higher

By Source of Article, on January 27th, 2012

By: Barbara Zigah

The Japanese Yen, which had fallen to a one-month low earlier this week, edged higher against the U.S. Dollar helped by exporters’ month-end buying spree. The Euro also held onto the recent gains made against the U.S. Dollar, the aftereffect of the Fed’s commitment to keep interest rates near zero . . . → Read More: Exporters’ Buying Pushes Yen Higher

Spain jobless passes five million

By Source of Article, on January 27th, 2012

27 January 2012 Last updated at 07:19 ET

The figures follow a day of protests across Spain against unemployment and austerity measures

Spain’s unemployment figure passed the five million mark in the last quarter of 2011, official figures show.

The National Statistics Institute said 5.3 million people were out of work . . . → Read More: Spain jobless passes five million

Asia stocks muted as Japan companies report losses (AP)

By Source of Article, on January 27th, 2012

BANGKOK – Asian stocks failed to make much headway Friday after disappointing Japanese corporate earnings and U.S. home sales — considered crucial to an economic recovery — were weaker than expected.

Benchmark oil hovered below $100 per barrel while the dollar was lower against the euro and the yen.

Japan’s Nikkei 225 index fell 0.3 . . . → Read More: Asia stocks muted as Japan companies report losses
(AP)

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Forex Trading News

UN considers Syria crisis action

Summary Box: Dow slips; first losing week in 2012 (AP)

Exporters’ Buying Pushes Yen Higher

Spain jobless passes five million

Asia stocks muted as Japan companies report losses (AP)

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