Edit
) no-repeat top center;background-size:cover'>

Why Not To Expect SMP or LTRO from ECB Next Week

June 26, 2012
The ECB meets next Thursday, July 5. Although a few members wanted to cut rates earlier this month, they did not represent a majority. Expectations are running high for some action next week. The ECB did announce last week a relaxation of collateral standards and a liberalization of criteria. We have suggested this should be understood as ju…
Why Not To Expect SMP or LTRO from ECB Next Week Why Not To Expect SMP or LTRO from ECB Next Week Reviewed by Marc Chandler on June 26, 2012 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

US, Ireland, and Italy: Quick Survey of House Prices and Sales

June 26, 2012
The recent data suggests the US and Irish housing markets are stabilizing, while news from Italy has been poor.
The April reading from S&P/Case-Shiller showed a 1.9% year-over-year decline in property prices. This is the smallest decline since late 2010 and was a smaller decline than the 2.5% expected by the consensus. New home sales reported…
US, Ireland, and Italy: Quick Survey of House Prices and Sales US, Ireland, and Italy: Quick Survey of House Prices and Sales Reviewed by Marc Chandler on June 26, 2012 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

Marking Time, Dollar Softer

June 26, 2012
The US dollar is softer against most of the major and emerging market currencies as players await for fresh incentives as month-end and quarter end approaches.  
Of note, the dollar has surrendered more of last week's gains against and has returned to the 20-day moving average around JPY79.25, after finishing last week above its Bollinger Ban…
Marking Time, Dollar Softer Marking Time, Dollar Softer Reviewed by Marc Chandler on June 26, 2012 Rating: 5
Edit

Great Graphic: US Public/Private Employment

June 25, 2012
Here is a Great Graphic from Joe Weisenthal at Business Insider.  It compares the jobs creation in Bush's first term to Obama's first term.  The red line is private sector employment.  The blue line is state government employment.  The green line is local government employment. 
The argument is that while private sector employment snappe…
Great Graphic: US Public/Private Employment Great Graphic: US Public/Private Employment Reviewed by Marc Chandler on June 25, 2012 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

Thoughts about Mexico's Election and Peso Outlook

June 25, 2012
Mexico holds presidential and congressional elections on July 1.  The polls suggest the PRI will recapture the presidency for the first time since 2000.   Since 2000, the PRI has tried to reinvent itself as a reform party.  It is expected expand its control of the Senate, but it may not secure a majority in the lower house.
PAN, which has control…
Thoughts about Mexico's Election and Peso Outlook Thoughts about Mexico's Election and Peso Outlook Reviewed by Marc Chandler on June 25, 2012 Rating: 5
Subscribe to: Posts ( Atom )
Powered by Blogger.