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
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
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
Early talked of sizeable bids around 76.50 appear to have been true , although apparently 76.48 did trade. Dollar has grinded its way higher to 76.73 in a painfully slow market. Some stops are still in place down through 76.40 … Continue reading
On the back of a weak but not as weak as expected Chicago PMI. Ozzie jumped to 1.0704, but failed to challenge last night’s 1.0721 NY high which can open up to a test of the Ichimoku cloud top around … Continue reading
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