Juncker, Rehn confirmed their appreciation of Italy austerity package US debt ceiling deal hasn’t eased market tensions Markets still don’t reflect important decisions taken by EU on debt crisis Must bring certainty to markets Tensions not only affecting italy, also … Continue reading
Speaking in a few minutes to the lower House, where he could possibly boost the effectiveness of the Tremonti austerity plan by bringing forward some future planned spending cuts..
Hearing a major Swiss name has big stops below 0.7600, which is hardly surprising. If it goes much lower I’m giving up chocolate anyway
Pushed lower by persistent selling again in the EUR/CHF cross, taking out some stops through 1.4280 , but finding some bids under 1.4260. Talk of some bids left towards 1.4240
For the week ending July 29. Analysts were looking for a build of 1.5-2.0 mmbl, but it’ s nearer the mark than last night’s API data which reported a 3.3 mmbl draw. September crude’s down below $92.00 after a $93.72 high … Continue reading
Intends to continue on path of lengthening average maturity of treasury debt regardless of ratings actions “had no good choices past Aug 2″ if congress had failed to raise the debt limit
US June Factory Orders -0.8% (consensus -0.7%) vs +0.6% in May (prev +0.8%) Weaker than expected ISM but little real reaction in EUR/USD
Gets drilled lower again with talk that a US investment house was behind the earlier move ahead of the London fixing at 1500GMT, which apparently holds some selling interest in the pair. It’s just off the recent lows of 1.0940 … Continue reading
Worth a read, … thanks Costx
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