The other interesting factor is that the AUD/USD fell sharply during the NY session and most of the gains in recent weeks have been made during NY trade. Perhaps we shouldn’t read too much into all of this but the … Continue reading
–Federal Budget Deficit $1.29T For FY’2010, -$51b Vs August Projection WASHINGTON (MNI) – The following are excerpts from the U.S. Congressional Budget Office’s October Budget Review with it’s estimate for last month’s deficit. The U.S. Treasury Department is scheduled to … Continue reading
Some sharp moves seen overnight after traders got a little carried away with bearish-USD and bullish-AUD sentiment. It just goes to show that the markets will never move in a straight line in one direction. Personally I think the failure … Continue reading
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Aluminum producer Alcoa released stronger than expected earnings after the bell. It is the first major company to report for the third quarter. In a macro sense, the better earning support the risk trade.
US DATA: Tsy investor allotments show foreign accts took 29% of Sept 2y, 36.1% of 5y and 23% of 7y.
US DATA: Aug consumer credit -$3.3b, incl revolving -$5b and nonrevolving +$1.7b. This is the 7th monthly drop overall.
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