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Great Graphic: Obama's Energy Plan

September 05, 2012
A few nights ago Ann Romney spoke about how we could trust Mitt to take America to a better place. I for one am not sure how he plans to get there with his energy plan which, among other things, criticizes the Obama administration for increasing permit regulations for new drilling. Because drilling through the crust of the earth isn't a big d…
Great Graphic: Obama's Energy Plan Great Graphic: Obama's Energy Plan Reviewed by magonomics on September 05, 2012 Rating: 5
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Will the Dragon Bite Off More than He can Chew?

September 05, 2012
ECB President Draghi has stepped up his campaign to buy Spanish and Italian bonds, even though neither country has been inclined to formally ask it to do so.  Reports indicate that yesterday (Sept 4) sent national central banks proposals ostensibly to be discussed at the Sept 6 council meeting.    It is quite in vogue now to pit Draghi against Bun…
Will the Dragon Bite Off More than He can Chew? Will the Dragon Bite Off More than He can Chew? Reviewed by Marc Chandler on September 05, 2012 Rating: 5
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Difficult to Discern Signal in Today's Price Action

September 04, 2012
There are a number of conflicting forces that are obscuring whatever signal the market is generating today. The US dollar has firmed in the European afternoon/NY morning. This would seem to be consistent with the risk off following the poor US data that included the third consecutive sub-50 reading on the manufacturing ISM, something that has n…
Difficult to Discern Signal in Today's Price Action Difficult to Discern Signal in Today's Price Action Reviewed by Marc Chandler on September 04, 2012 Rating: 5
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Nervous Calm Prevails

September 04, 2012
There is a nervous calm in the foreign exchange market and in the global capital markets more general.   The only significant price action to note is the sharp decline in Spanish and Italian 2-year yields (around 30 and 20 bp respectively) to the lowest levels since the spring, ostensibly in anticipation of ECB purchases.  This has also helped the…
Nervous Calm Prevails Nervous Calm Prevails Reviewed by Marc Chandler on September 04, 2012 Rating: 5
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Great Graphic: Chinese PMI

September 02, 2012
These three Great Graphics come from Also Spracht Analyst blog.   They provide three different and useful perspectives of the Chinese manufacturing Purchasing Manager Index reported on September 1.  The first chart to the right tracks the the sub-components over the past several years.  
Input prices which have been particularly volatile have fal…
Great Graphic: Chinese PMI Great Graphic:  Chinese PMI Reviewed by Marc Chandler on September 02, 2012 Rating: 5
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FX Positioning and Technical Outlook Ahead of Eventful Week

September 01, 2012
The week ahead kicks off what we expect to be a period of intense event risk. The combination of positioning, judging from the futures market and anecdotal reports, and the low implied volatility in currencies and equity markets warn of heightened risk in the period ahead. 

The week begins off slowly with a long holiday weekend in the US.  It is h…
FX Positioning and Technical Outlook Ahead of Eventful Week FX Positioning and Technical Outlook Ahead of Eventful Week Reviewed by Marc Chandler on September 01, 2012 Rating: 5
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Initial Reaction to Bernanke: USD and US Assets Firm

August 31, 2012
As the draft of Fed Chairman's Bernanke speech at Jackson Hole made the rounds, the US dollar as pared back some of its earlier losses, US yields have eased and equities retraced part of the opening losses.   
However, the dollar quickly was sold and many of the major currencies have made new highs on the day, though stocks and bonds are main…
Initial Reaction to Bernanke: USD and US Assets Firm Initial Reaction to Bernanke: USD and US Assets Firm Reviewed by Marc Chandler on August 31, 2012 Rating: 5
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Dollar Heavy While Waiting for Bernanke

August 31, 2012
The US dollar is trading softly in the lead up to Fed Chairman Bernanke's speech at Jackson Hole.  The price action is still one of position adjusting.  While the euro and Swiss franc have made new multi-week highs against the dollar, sterling ad the Australian and Canadian dollars have moved through yesterday's highs only in early North …
Dollar Heavy While Waiting for Bernanke Dollar Heavy While Waiting for Bernanke Reviewed by Marc Chandler on August 31, 2012 Rating: 5
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Great Graphic: Green Monster

August 30, 2012
When you think green and wicked big in Massachusetts you probably don't think jobs. But you should. This Great Graphic comes from Green Tech Media. In the past year Clean Tech jobs in Massachusetts grew 10 times faster than the overall economy.

Great Graphic: Green Monster Great Graphic: Green Monster Reviewed by magonomics on August 30, 2012 Rating: 5
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