AUTOREFRESH 
Market geared up for “heads I win, tails you lose” GDP figures
Weak US GDP in Q4? No problem. More QE.
Strong GDP in Q4? No problem. More QE. Or if not, at least no rate hikes until President Romney loses seats in the 2014 mid-term elections… Risk on either way, right?
For the life of me, other than short-covering, I few reasons to buy EUR/USD. Portugal is lurching toward a second bailout, if not an eventual restructuring. Greece is the black hole that cannot be filled, restructuring or not.
Well, there is one reason to buy EUR/USD. LTRO has done its job of easing the funding crisis and cooling the sovereign debt rout. Italy and Spain are less vulnerable today to funding shocks than they were a month ago and France is no longer an issue.
Seems like 1.3100 is an area where bears are willing to reset shorts while toward the old 1.3080 pivot, they are willing to cover cover some shorts…
If the figure is good I reckon the only $ gains will be in JPY and CHF.
Do you think the expected figure of +3.1% is a little high considering the last 2 postings?
I think simplify statement will be more appreciated in this nerving moment.
President Romney? No way JC, because “Obama: Country Needs Me to Have 2nd Term – Diane Sawyer, ABC News”
President Barack Obama today signaled an aggressive tact for his early re-election campaign, critiquing his Republican opponents by name and insisting he’s ready to “fight with every fiber of my being” for a second term.
“How much do you want it?” ABC News’ Diane Sawyer asked Obama during an exclusive interview in Las Vegas.
“Badly,” the president said, “because I think the country needs it.”