Knows IMF from several different angles worked all of life on IMF-related issues I’m qualified to run IMF Hard to go from being an IMF aid recipient to running the fund in less than a generation, in my view…Traditionally, the … Continue reading
Portugal needs to raise its retirement age Greece knows it will not get more money unless it meets conditions
There is a tiny gap on the very short-term charts from Sunday evening (Monday morning in Asia) between the 1.4145 and 55 levels. 1.4156 is the 50% retracement of the Friday/Monday drop…My guess is we try and rally to 1.4155-ish…
EUR/USD made a fresh session high of 1.4133 at 3 minutes after the fixing, so it looks as though there was a bit of a scramble right after that passed. Offers in the 1.4125/30 area were absorbed and the weak … Continue reading
Greece must save, reform and privatize further before receiving additional aid
Get your Molotov cocktails ready, it’s strike time again. The Greek unions will be holding a strike on June 4 to protest austerity, Bloomberg reports.
Traders report offers in the 1.4125/30 area from real money (asset manager) accounts just above session highs. Mixed in around those levels are stops from day traders. The “risk on” sentiment that we started the session with is starting to … Continue reading
Traders report heavy buying from a French bank for a big European corporate giving EUR/USD a boost to fresh highs on the day. Stops lie just above the market, at around 1.4125. Cable has gotten a big boost in the … Continue reading
Better than expected. Richmond Fed index plunges into the red, -6 in May from +10 in April…uggh.
Dealing, market-making, brokerage, proprietary trading are not core banking services Banks covered by Federal safety net should not be able to do trading or market making I usually agree with Hoenig, but here I sharply disagree. Helping clients manage interest … Continue reading
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