Archive for October, 2009
Written by fubarrio on 17 October 2009
WASHINGTON — In a sharp reversal from their previous unwritten rule of bending over smaller community banks at every turn in favor of backing irresponsible risk taking and massive bonus schemes by the larger banks, the House Financial Committee bowed to pressure from a group of torch and pitchfork waiving citizens outside the Capitol Building [Continue]
Written by fubarrio on 16 October 2009
WASHINGTON (AP) — Despite the fact that a 4 month old corpse has a more active ekg than the usd/cny chart, the Obama administration did not declare China a currency manipulator on Thursday.
Treasury did go so far as to mention that it had “serious concerns” about their ability to keep a straight face if forced [Continue]
Written by fubarrio on 15 October 2009
Oct. 15 (originally reported by Bloomberg) — The IRS is intensifying its hunt for secret offshore banking, opening offices in Beijing, Sydney and Panama City after more than 7,500 Americans revealed undeclared accounts in 70 countries on six continents.
Internal Revenue Commissioner said yesterday Americans scared into coming forward before [Continue]
Written by admin on 14 October 2009
Economic data out of the U.S.
September retail sales data is in for the United States, and it appears as though there has been an overall decrease. However, it is worth noting that, if auto sales are taken out of the picture, Yesterday the euro moved higher, and it appears that today will continue the rally [Continue]
Written by admin on 14 October 2009
Pressure remains on the US dollar but the New Zealand Dollar is actually the weakest of the major currencies right today. A EURu.s. dollar resistance line is at…
forex news sourceThe US dollar is hurting however, the NZD is doing the worst among the major currencies today. The EURUSD is setting up a line of resist [Continue]
Written by admin on 14 October 2009
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Written by admin on 14 October 2009
U.S. retail sales fell 1.5% in September but were stronger than the 2.1% decline that was forecasted as sales minus autos remained firm. Americans showed…
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Written by admin on 14 October 2009
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Written by admin on 14 October 2009
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Written by admin on 13 October 2009
When I began my career as an analyst, I was lucky enough to have some time with a few old pros. One in particular that I will always remember told me that a kid with a ruler could make a million dollars in the markets. He was talking about trendlines….
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If you enjoyed this [Continue]