Tag Archives: markets

The Bankia Signal

Another Friday, another wait for economic news out of Spain. The results of the second part of an audit of Spain’s banks  – started in May and with particular reference to their funding needs – is likely to be released … Continue reading

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Fed Decision – A Minority Report

The analogy sort of fits; and what put me in mind of it was the news this week that the FBI has commenced a project to create a hi-tech facial recognition database. We of course, are concerned about a different … Continue reading

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ECB Floats Yield Target Idea; U-Boats Launched

Late this morning the markets seem to have sobered up a bit following earlier barely fettered optimism about a Der Spiegel article over the weekend. It said: “The European Central Bank is considering setting limits on yields of euro area sovereign … Continue reading

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Negative Benchmark Omens – How Imminent is the Doom For Yields?

Discussion of whether [or when] there is likely to be a collapse in ‘core’ government debt prices appears to be increasing. One example Specifically in Europe, the question of when Bunds in general [and perhaps the Euro Bund Future contract … Continue reading

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Spain: the Pain the Bailout Forgot

EU leaders hailed it. Merkel & Co. gave their blessing to it. UK leaders nodded in mild approval to it. The IMF applauded it [from the sidelines.] And markets, of course, ‘sold’ it. It’s not that frequent for the political … Continue reading

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LTROverdose Vs LTROver*

Part I Pre-load: Critical series of posts about LTRO Facts, figures, a few fatuous opinions and a bit of fun Part I touches on LTROs we’ve had so far and their apparent effects Another indecisive session for equity markets, albeit … Continue reading

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Echos from the Hole

Quick expectation points from 3 economists at large investment banks whom we expect to be attending the Jackson Hole, Wyoming Symposium: “We suspect that the Fed is likely to outline a range of potential policy actions that may include the … Continue reading

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JPY can go OTP ahead of DPJ Contest

QuickJPYbullets: scope for USD/JPY to plumb/set historic lows with the most recent being 76.37. Overnight the pair reversed from a peak around 76.88 and is now at a weakly looking 76.53 triangle on hourly chart suggests 73.50 target! More sensible targets are 76.37 and … Continue reading

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USD/JPY compressed, hourly chart with 100-day moving averages, Bollinger bands and Fibonacci-based retracements

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The Great SNB / NY Fed USD Swap Mystery

The Swiss National Bank has a USD swaps facility with The Federal Reserve Bank of New York.On behalf of a Swiss investment bank following a request, the SNB effectively applied for $200M-worth of dollars on Aug. 10 and the amount … Continue reading

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