Checking On The On Going Market

Fundamental Analysis EUR Spain faced increasing borrowing costs during successful sale of bonds with two and ten-year maturity. The country's Treasury sold 1,116 billion Euros of two-year bonds at yield of 3.463% and 1,425 billion Euros in ten-year bonds with yield of 5.743%. Demand for Spain's debt was strong as bids surpassed demand 3.3 times. USD The American session also gained from the higher-than-estimated German Ifo business climate reading released today. The increase in stocks was also accompanied by a gain in commodity prices and a decline of treasury yields. GBP British FTSE 100 index traded modestly higher on Friday as data showed UK retail sales rallied in March, reaching 1.8% growth instead of predicted 0.4% gain. IMI Plc jumped 1.8% after engineering group reported an ...

(Reuters) - Inside a dimly lit barn in northeast Indiana, where the air smells faintly of corn and earth, the future of China's food supply is squealing for attention. A farmhand shuffles through the crowd of pigs inside pen 7E3, patting their fleshy pink backs and checking their water trough. The animals here at the Whiteshire Hamroc farm have been bred for one purpose: to be flown halfway around the world, on a journey fueled by China's appetite for food independence In a country where pork is a culinary staple, the demand for a protein-rich diet is growing faster than Chinese farmers can keep up. While Americans cut back on meat consumption to the lowest levels seen in two decades, the Chinese now eat nearly 10 percent more meat than they did five years ago. China's solution: to ...

Forex News and Events: The optimism which sprang from yesterdays the Spanish bill auctions (which went reasonably well) and strong German ZEW seems to have been faded . EURUSD has traded back down to 1.3074, while European equities are trading in the red (after a very strong start in Asia). And what is left is the realization that despite the temporary confusion and noise, the problems in Europe are not going anywhere--rather in fact, the cracks are multiplying and widening. This crisis has always come in waves, with each wave higher than the one before. It seems that Europe rather than helping themselves by perhaps having the ECB step in aggressively to the secondary bond markets, has instead allowed it’s leaders to continuously pin their rescue hopes on the IMF and world bank. While the ...

We can learn a lot from the Argentines. When it comes to messing up an economy, they’re Numero Uno. They’re Olympians of financial legerdemain and masters of the old false shuffle. In 2001, the country was deeply in debt. The government was out of money. And the currency was losing value fast. What did the Argentines do? First, they broke their promise to investors and savers, cutting the peso loose from the dollar. Then, they seized control of banks and bank accounts. People had been saving money in US dollar accounts in order to avoid problems with the peso. But the Argentine feds forcibly converted their accounts to pesos, just as the peso was losing 2/3rds of its value. The next thing was to take the reserves in the central bank and use them to pay current expenses — which caused ...

Fundamental Analysis EUR "The salvation of the country, remaining in the euro, means great sacrifices" - Evangelos Venizelos, Greek finance minister Greece’s government is preparing a final version of an agreement on budget and structural measures required for a 130 billion euro bailout, said a Greek government official. USD "Markets would love to see some certainty, and we don't have any of that at the moment" - Frank Lesh, a futures analyst and broker at FuturePath Trading LLC U.S. stocks rose on Tuesday as investors awaited the outcome of discussion on a financial aid package for Greece. GBP "After a stronger-than-expected December, these latest figures are rather sobering" - Helen Dickinson, head of retail at KPMG U.K. retail sector contracted in January as shoppers limited their ...

Fundamental Analysis EUR 17-nation currency slipped against most of its peers before Greece's PM Papademos meets with politicians from three leading parties as officials still cannot agree on debt reduction plan. The meeting scheduled on Tuesday. Greece representatives and creditors still have to agree on EUR 600 million of fiscal measures for this year. Euro declined 0.2% to USD 1.3109 in London trade. Currently EUR/USD is trading at USD 1.3116. USD US President Obama ordered to freeze all Iran's central bank and governments assets deposited in US or in any overseas branch of US entity, announced the White House today. President Obama claimed Iran current activities to be a serious threat to international financial system. Before the order, only assets owned by sanctioned Iranian ...

(Reuters) - The euro traded slightly stronger against the U.S. dollar on Thursday, recovering from a 15-month low as traders covered short bets, a pattern likely to be repeated in coming months as worries about the euro zone's health continue. The currency dropped below $1.29 for the first time in 15 months earlier in the session before gaining modestly. But the rally was driven by short-covering, traders said, and continuing uncertainty about the future of the 17-nation monetary union were likely to weigh on the euro into the first quarter of next year and beyond. "I still think it'll continue down to the $1.25 level," said Fabian Eliasson, vice president of currency sales at Mizuho Corporate Bank in New York. While the currency could see spikes in coming sessions, those advances will ...

Weekly Economic and Financial Commentary : 10/12/2011 U.S. Review Good From Far, but Far From Good A run of better-than-expected U.S. economic data in recent weeks raises hopes that the domestic economy might somehow defy gravity and expand quickly, even as the rest of the world seems to be coming to terms with an environment of slower growth. At the risk of ruining the party, in this week’s U.S. Review, we point out what we consider to be a few chinks in the armor. The ISM Non-Manufacturing Index shows continued expansion, albeit at a slower pace. The trade deficit narrowed in October to its lowest level of the year, supporting fourth-quarter GDP growth. Lookin’ Good, Just Don’t Look Too Close Over the past several weeks we have seen flare-ups in the sovereign debt crisis ...

(Reuters) - The euro rose the most against the dollar in a month on Thursday after major central banks moved to alleviate funding strains for European banks, though few investors expect the rally to last. The European Central Bank said it will cooperate with the U.S. Federal Reserve, the Bank of England, Bank of Japan and Swiss National Bank to provide three-month dollar loans to commercial banks in an effort to prevent the money market from freezing up. The announcement helped push the euro up about 1 percent against the dollar and yen. Analysts said, however, that the single currency's gains could be short-lived as the announcement did little to calm investors' fears of a Greek debt default. "It's still not really addressing the problem. Overall, we're still bearish on the euro," said ...