Only posting this for the great quote :-)

Asia holds breath as U.S. fiscal talks go to the wire

The U.S. Senate early on Tuesday passed a bill that aims to avoid the “fiscal cliff” of $600 billion in automatic spending cuts and tax increases.
However, the package immediately ran into opposition from House Republicans, who were meeting to decide whether to reject or amend the bill .
“Frankly, we don’t know what to make of it all. It’s like a circus there,” said one exasperated forex dealer at an Australian bank in Sydney.

:-)

Author: Eamonn Sheridan

Eamonn Sheridan worked with Bankers Trust Australia for 13 years as a Spot foreign exchange dealer, trading across all major currencies and all time zones. He rose to a Vice President position, running spot operations during the busy European time, leaving the bank just prior to it being sold to concentrate on running his own business in the ‘real world’! The markets, however, had him hooked – he continued to trade equities, CFDs and then on to futures, giving him broad experience across financial markets. He is now active in FX and equity index futures as well as writing for ForexLive™. Eamonn is a graduate of The University of Melbourne in Australia and lives in New South Wales.

8 Comments

  1. A circus indeed!

    By the way, your live quotes feed is dead. You might want ot have it rectified.

  2. Thanks for the info Roland, appreciate it.

  3. This is 1/4 of the world economy we are talking about and it is run by a group of clowns!

  4. Thanks Eddie – thats an informative article

  5. Hi Eammon what is liquidity out there? Thin?

  6. Very thin today, yes

  7. Fantastic stuff I have managed to pick nzdusd in right direction so would leave it to rake in some early year gains. Hope u having a good new year too Eamonn. Great job.

Top

© Copyright 2014 ForexLive™  |  Advertise With Us  |  Login To Comment  |  Sitemap

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

ADVISORY WARNING: FOREXLIVE™ provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FOREXLIVE™ specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.