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Monday, June 11, 2012

Dollar Posts Impressive Recovery as European Rescue Hope Fades Euro: Is the Market Skeptical of Spain’s Bailout? British Pound Has yet to Reap the Full Repercussions of Posen’s Dovishness Australian Dollar Tumbles Under Risk, Chinese Data Fails to Impress Swiss Franc Find Little Relief from Euro Efforts, Market Focused on SNB Yen Gains Traction as Risk Reverses, New BoJ Nominees …

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VICE has an article out which serves as a friendly reminder what’s at stake over the next few months.  Setting aside the sensational elements of the piece, this should serve as a reminder of the social unrest that austerity and prolonged economic crisis create.  The Olympics are set to be a polarizing event one way or another when they come…

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I spent a sad and depressing, but highly instructional evening with Dr. Stephen Greenspan, who lost most of his personal fortune with Bernie Madoff. The University of Connecticut psychology professor poured the bulk of his savings into Sandra Mansky’s Tremont feeder fund; receiving convincing trade confirms and rock solid custody statements from the Bank of New York. This is a…

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Since I am an avid collector of investment scam stories, I’ve got to update you on what’s been coming out of Switzerland. Two Japanese nationals were caught smuggling $134 billion in US Treasury bonds from Switzerland to Italy in a false bottom suitcase. No, that is not a typo, that is “b” for billion. The two were mysteriously let go…

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I had a chat with Bill Gates, Sr. last night, co-chairman of the Bill and Melinda Gates Foundation, the world’s largest private philanthropic organization. There, a staff of 800 help him manage $30 billion. The foundation will give away $3.1 billion this year, a 10% increase over last year. Some $1.5 billion will go to emerging nation health care, and…

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USD_Index_Reverses_as_Spanish_Euphoria_Fades-_10134_Key_Support_body_Picture_4.png, USD Index Reverses as Spanish Euphoria Fades- 10,134 Key Support USD_Index_Reverses_as_Spanish_Euphoria_Fades-_10134_Key_Support_body_Picture_3.png, USD Index Reverses as Spanish Euphoria Fades- 10,134 Key Support The greenback is firmer at the close of North American trade with the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) advancing 0.13% on the session after moving a full 117% of its daily average true range. The advance comes on the back of a sharp reversal in broader risk assets as the euphoria from a €100 billion Spanish bailout to …

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By EconMatters Spain finally bowed to the rising interest rates and the billions of euros worth of bad loans at Spain’s regional governments to ask for a loan.  After emergency talks between Euro Zone finance ministers on Saturday, Spain will get up to $125 billion from the European Union (EU) to bail out its banking system. The move came three weeks after…

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By EconMatters Brazil, with 2.719 million b/d (barrels per day, as of 2010) oil production, is one of the larger non-OPEC oil sources, and ranked No. 9 in the world based on 2010 oil production data, according to the U.S Energy Dept.To exploit the huge offshore oil discoveries in recent years, Petrobras (PBR) — Brazil’s state oil company–unveiled an ambitious…

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Bank_Research_Consensus_Weekly_06.11.12_body_BankResearch.png, Bank Research Consensus Weekly 06.11.12 US Economics and Interest Rate Strategy: The Inside Scoop on Fed Action Vincent Reinhart, Chief US Economist, Morgan Stanley Slower employment growth, worsening strains in European markets, and a gloomier assessment of US politicians’ ability to steer clear of the impending fiscal cliff make it likely that the Fed will mark down its already tepid forecast. This should provide all …

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The Euro rallied sharply against the US Dollar (ticker: USDOLLAR) on the announcement of a bailout for Spain, but the swift reversal emphasizes that risks remain for EURUSD losses and we favor volatility-friendly trading strategies. DailyFX Individual Currency Pair Conditions and Trading Strategy Bias forex_euro_forecast_to_decline_versus_us_dollar_body_Picture_1.png, Euro Targets Lows as US Dollar, Volatility Surge Post Spain Bailout DailyFX PLUS System Trading Signals –A sharp Euro bounce and US Dollar (ticker: USDOLLAR) decline on …

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Central Bank Interest Rate Outlook Central_Bank_Interest_Rate_Outlook_June_2012_body_Picture_9.png, Central Bank Interest Rate Outlook June 2012 Written by Tzu-Wen Chen, DailyFX Research Highlights of Latest Policy Meetings: Federal Reserve In a statement released on April 25, 2012, the Federal Open Market Committee announced its decision to leave the benchmark bank rate unchanged at 0.25 percent and maintain its target interest rate at 0 to 0.25 percent. The last rate change occurred …

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Index Last High Low Daily Change (%) Daily Range (% of ATR)
DJ-FXCM Dollar Index 10197.51 10203.78 10146.16 -0.02 97.15%
USD_Index_Tests_October_High_For_Support_JPY_Outlook_Hinges_On_BoJ_body_ScreenShot074.png, USD Index Tests October High For Support, JPY Outlook Hinges On BoJ Although the Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) remains 0.02 percent lower from the open, the shift away from risk-taking behavior should continue to prop up the greenback, and the dollar may track higher in the coming days as …

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