August 31st, 2011 14:56:12 GMT

Obama playing small-ball


Speaking in Rose Garden, calling on Congress to pass extensions of a transportation bill that has been extended seven times in the past. (Why in the world does Washington extend existing legislation endlessly rather than put in place permanent legislation…silly.) … Continue reading

August 31st, 2011 14:21:25 GMT

100 day average at 1.4366


Looks like the market is dialing back QE3 expectations, giving the dollar a moderate boost across the board. We’ve got three weeks of this to look forward to until the next FOMC meeting! If the EUR/USD dip extends, watch the … Continue reading

August 31st, 2011 14:14:34 GMT

Greek bank shares back in focus


After a big rally on Monday, Greek bank shares are back in focus today. Unfortunately, the shares are being drilled as the banks announce write-offs linked to the debt-exchange that is part of the last Greek bailout. The Greek bank … Continue reading

August 31st, 2011 13:51:47 GMT

Risk on! No QE!


Which will be followed by Risk on! More QE! if factory orders are weak… DJI up 1%…EUR/USD a tad firmer, in the 1.4440s…

1 2,882 2,883 2,884 2,885 2,886 2,887 2,888 2,889 2,890 2,891 2,892 4,471

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