From the monthly archives:
Key News
* U.S. Economy: Consumer Spending, Confidence Fall on Job Worries (Bloomberg)
* U.K. Nationwide House Prices Post First Annual Gain Since 2008 (Bloomberg)
* China Will Sustain Growth Rebound, Central Bank Says (Bloomberg)
* Fed Ends Treasury Buys That Capped Rates, Stabilized Housing (Bloomberg)
The Event Agenda
Morning Run-Down
The Pavlovians that have systematically bought the dip and been immediately [...]
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Key News
* Norway Set to Be First European Country to Raise Rates Tomorrow (Bloomberg)
* ECB reveals first fall in household loans (Bloomberg)
* Consumer Confidence in U.S. Unexpectedly Decreases (Bloomberg)
* South Korean Economy Expands (WSJ)
The Event Agenda
Afternoon Run-Down
The broader stock market is continuing the weakness from last Friday and that’s carrying over to other asset classes, [...]
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Key News
* U.K. Economy Shrinks (WSJ)
* September Sales of U.S. Existing Homes Jump More Than Forecast (Bloomberg)
* Bernanke Says Financial Firms Should Pay for Closings (Bloomberg)
* Eurozone economic activity surges (FT)
The Event Agenda
Morning Run-Down
Third quarter GDP out of the UK shocked the market this morning. The market expectations were for growth of 0.2% for the [...]
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Key News
* Dollar Reaches Breaking Point as Banks Shift Reserves (Bloomberg)
* Iceland Shrinks 8% as Prices Increase 11% in Deepest Recession (Bloomberg)
* Goldman’s O’Neill Says Crisis Fiscal Costs Are Exaggerated (Bloomberg)
* China to Seek WTO Ruling in EU Dispute, Official Says (Bloomberg)
The Event Agenda
Morning Run-Down
Last week the theme in currency markets continued to be centered [...]
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Key News
* Fujii May ‘Take Action’ on Yen (Bloomberg)
* RBA likely to keep interest rates unchanged at 3pc (The Australian)
* G7 Fallout Leaves USD Southbound, Euro In Limbo (WSJ)
* Trichet, Lagarde Push China to Let Currency Gain Against Euro (Reuters)
The Event Agenda
Morning Run-Down
Though all G-7 members have individually expressed concern about currency strength (and relative [...]
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Key News
* EU Says Bank Losses Could Be 400 Billion Euros in Deeper Slump (Bloomberg)
* Banks With 20% Unpaid Loans at 18-Year High Amid Recovery Doubt (Bloomberg)
* U.S. Economy: Job Losses Exceed Forecast, Imperiling Recovery (Bloomberg)
* European officials applaud US strong dollar stance (Reuters)
The Event Agenda
Afternoon Run-Down
I pointed out the key reversal (outside day) in [...]
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