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EU officials throw Greece a small life preserver

Posted by Dean Popplewell at 6:04 am EDT, 03/17/2010

Appetite for risk is being fueled by the Fed, BOJ and EU support for Greece. Even Standard and Poor’s has given Greece’s austerity budget cuts their stamp of approval. Before, that ‘sign of approval’ would have been a ‘big’ market mover, but, rating agencies beleaguered reputations do not seem to carry the same weight nowadays. Perhaps, it’s the Goldman Sachs influence! Bernanke’s communiqué is leaning towards being small ‘dovish’ in tone. The reinserting of ‘whatever it takes to stem the [...] read more

Filed under: Dean's FX, USD, EUR, GBP, CHF, JPY, AUD, CAD

USD Roundup

Stock Futures Point to Higher Opening Ahead of FOMC Meeting
Posted by Scott Boyd at 8:57 am EDT, 03/16/2010
US Housing Construction on the Decline
Posted by Scott Boyd at 8:49 am EDT, 03/16/2010
A EURO parachute has holes
Posted by Dean Popplewell at 6:05 am EDT, 03/16/2010
OPEC Increasing Well Count
Posted by Scott Boyd at 8:13 am EDT, 03/15/2010
U.S. Real Estate Appears Ready for Rebound
Posted by Scott Boyd at 7:46 am EDT, 03/15/2010

Forex Insights »

Posted under USD, EUR, GBP at 8:47 am EDT, 03/17/2010
Posted under USD at 8:34 am EDT, 03/17/2010
Posted under USD, CAD at 8:33 am EDT, 03/17/2010
Posted under USD, CAD at 8:33 am EDT, 03/16/2010
Unemployment Rate :

Unemployment Rate : The unemployment rate is expressed as the percentage of the eligible workforce (i.e those of working age) currently searching for employment but unable to secure a position.

Central Bank Watch »

Bernanke Likely to Face Questions on Jobless Recovery

Posted by Alfonso Esparza 8:30 am EST, 02/24/2010

Federal Reserve Chairman Ben S. Bernanke, in two days of congressional testimony beginning today, will probably face questions on how he plans to end the worst jobs slump since the Great Depression. Unemployment “will be a big topic” when the Fed chief faces the Senate Banking Committee, Senator Bob Menendez, a New Jersey Democrat and a panel member, said in an interview. “How do we help small- and mid-sized businesses, because they’re the ones who are going to create the jobs? [...] read more

Filed under: USD

Economic Exposure »

US Economy loses 36,000 jobs, NFP Report

Posted by Alfonso Esparza 8:50 am EST, 03/05/2010

U.S. employers cut a smaller than expected 36,000 jobs in February, leaving the unemployment rate unchanged at 9.7 percent, according to a government report on Friday which said it was unclear how severe weather had impacted payrolls. The Labor Department said job losses for December and January had been revised to show 35,000 fewer jobs lost than previously reported. Analysts polled by Reuters had expected non-farm payrolls to drop 50,000 last month and the unemployment rate to edge up to 9.8 percent. [...] read more

Filed under: USD

Latest Articles

Japan Wants Banks to Increase Lending
Posted by Scott Boyd at 9:03 am EDT, 03/17/2010
UK Unemployment Drops to 7.8%
Posted by Scott Boyd at 8:47 am EDT, 03/17/2010
EU officials throw Greece a small life preserver
Posted by Dean Popplewell at 6:04 am EDT, 03/17/2010
March
17
Today’s Global
Market Events
8:30 am
CAD
Wholesale Sales m/m
0.6% vs. 0.7%
USD
PPI m/m
-0.2% vs. 1.4%
USD
Core PPI m/m
0.1% vs. 0.3%
10:30 am
USD
Crude Oil Inventories
0.8m vs.1.4m
2:00 pm
USD
Fed Chairman Bernanke Testifies
7:50 pm
JPY
BSI Manufacturing Index
15.3 vs. 13.2