Archive - Dec 2012 - Blog entry
December 8th
Shuffle Rewind 03-07 Dec " Only When I Sleep " (The Corrs, 1997)
Submitted by AVFMS on 12/08/2012 08:22 -0500Shuffle Rewind 03-07 Dec " Only When I Sleep " (The Corrs, 1997)
This week in review (compared to Fri 30 Nov COB):
Click on day for related post, on title for song.
Currency Positioning and Technical Outlook: Stirred by not Shaken
Submitted by Marc To Market on 12/08/2012 08:07 -0500
We have been tracking the deterioration of the US dollar's technical tone over the past three weeks. That ended abruptly. Weak euro area data, a more dovish than expected ECB, and heightened political uncertainty in Italy, saw the euro reverse lower after briefly moving above an eighteen month-old downtrend.
The UK also cut its growth outlook, and poor data increases the likelihood that the BOE may have to resume its gilt purchases in the new year, though consumer inflation expectations have ticked up recently.
At the same time, there appears to be little progress on the US fiscal talks. Whenever a top official signals this, the dollar seems to tick up on risk-off considerations, though with diminishing impact. The stronger than expected November employment data is not sufficient to stay the Fed's hand and the FOMC will most likely expand the long-term assets purchased under QE3+ at its meeting that concludes on December 12.
December 7th
7.3 Earthquake Rattles Fukushima
Submitted by George Washington on 12/07/2012 18:10 -0500Government Warns 8.0 Quake Possible
Three Charts Every Stock Investor Should See
Submitted by Phoenix Capital Research on 12/07/2012 15:38 -0500
The market continues to track the same pattern it performed going into the failed debt ceiling talks of July 2011. As you’ll recall, then as is the case now, US politicians failed to reach a credible solution to the US’s debt problems. What followed was a credit rating downgrade and a market collapse.
07 Dec 2012 – “ Bruttosozialprodukt ” (Geier Sturzflug, 1982)
Submitted by AVFMS on 12/07/2012 12:10 -0500Hmmm… Need to find another way to kill time until Year End. Morning highs, lunch time lows and then trailing the US. EGBs on the stronger side with augurs seeing a weakening Germany and calls for lower rates putting the EUR under pressure. Ok, Germans: now work! Somebody has to pay the bills!
"Bruttosozialprodukt " (Bunds 1,3% +1; Spain 5,45% -1; Stoxx 2597 -0,3%; EUR 1,295 -20)
Reading The Bond Market Price Action Post-NFP
Submitted by govttrader on 12/07/2012 10:01 -0500In order to make sense of the price action COMING OUT OF the number, we first need to know what positioning was GOING INTO the number.
Dollar Stays Bid: Take Five
Submitted by Marc To Market on 12/07/2012 06:34 -0500The US dollar extended yesterday's gains and remain bid ahead of the November jobs report. The deterioration of the economic and political situation in the euro area appears to be the single biggest factor behind the greenback's sharp recovery. The dollar is little changed against the yen as the market grapples with the implication of the earthquake and tsunami.
Asian equity markets were mostly higher with the MSCI Asia-Pacific Index was up about 0.25% and,. of note, the Shanghai Composite extended this week's recovery, gaining 1.6% to bring the weekly advance to 4.1%. European bourses are bit heavier. Spanish and Italian bonds remain under pressures, while Greek bond yields continue to fall as a the bond buy back offer expires today and the market anticipates a successful conclusion.
We share five observations today.
December 6th
PRoPaGaNDA 101
Submitted by williambanzai7 on 12/06/2012 21:46 -0500"Propaganda is to Democracy, what the bludgeon is to the Totalitarian State."--Noam Chomsky
The Alarming “Sense Of Pauperization” in France
Submitted by testosteronepit on 12/06/2012 21:39 -0500A “new era”: 48% of the French consider themselves living in poverty or on the way to it.
Thursday - Trading in an Untradeable Market
Submitted by ilene on 12/06/2012 17:43 -0500No politics, no "death crosses" - just simple fundamentals.
Update On Potential War Against Syria
Submitted by George Washington on 12/06/2012 15:57 -0500Chemical Weapons, Russian Warships and Terrorists
06 Dec 2012 – “ Magic Carpet Ride ” (Steppenwolf, 1968)
Submitted by AVFMS on 12/06/2012 11:59 -0500Strong start in Risk to take out new 2012 highs in Equities and trying to retrace near 2012 Credit lows, too. Core EGBs cool. Bunga Square’s rug pulling scuttled all that easy living by noon, weighting on the Periphery and boosting Core EGBs. ECB gloomy. Equity – bond divergence not a flyer yet, though… US sideways and Risk Watchers back to scanning European politics. EUR falling of the carpet.
"Magic Carpet Ride" (Bunds 1,29% -6; Spain 5,46% +8; Stoxx 2605 +0,6%; EUR 1,297 -100)
McAFee ViRuS WaRNiNG
Submitted by williambanzai7 on 12/06/2012 11:33 -0500This keeps popping up on my screen. How do I remove it?
