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Chop City in FX

February 02, 2012
The dollar remains largely confined to clear ranges against the euro.  The $1.30-$1.3240 range has dominated for the past 5-6 sessions.   It is difficult to have a strong view within the range.   Yet short-term momentum indicators warn of the risk of a euro bounce in North America today. 
Sterling has fared better, rising yesterday to its highest …
Chop City in FX Chop City in FX Reviewed by Marc Chandler on February 02, 2012 Rating: 5
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January Superlatives set to 90s Teen Pop Culture References

February 01, 2012
Most Likely to Suceed:Solar Energy There is no getting around the fact that we have an energy crisis in this country, and renewable energy is the only way we can tackle it. Solar is the Topanga Lawrence of energy. It's always been around and it's always been a solid option...and it's going to win out in the end.
January Superlatives set to 90s Teen Pop Culture References January Superlatives set to 90s Teen Pop Culture References Reviewed by magonomics on February 01, 2012 Rating: 5
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PSI with Sweetener, Is it Enough?

February 01, 2012
The private sector involvement to reduce Greece's debt burden remain unresolved. Officials continue to talk as if it will still be any day now. Some observers attribute the euro's firmer tone today to greater confidence now that a new twist has been added.
Essentially, what is being proposed to entice participation and allow a reduction in…
PSI with Sweetener, Is it Enough? PSI with Sweetener, Is it Enough? Reviewed by Marc Chandler on February 01, 2012 Rating: 5
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Dollar Surrenders Yesterday's Gains

February 01, 2012
Better than expected economic data from China and Europe is weighing on the dollar. The euro bounced smartly off the $1.3025 area seen in Asia. It appears to be stalling now near $1.3150 pending new incentives from the batch of US data (especially ADP and ISM). A modest new high on the day is possible, but yesterday's high near $1.3214 seems s…
Dollar Surrenders Yesterday's Gains Dollar Surrenders Yesterday's Gains Reviewed by Marc Chandler on February 01, 2012 Rating: 5
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Great Graphic: Baseball Signs

January 31, 2012
Check out this great graphic from Edward Tuft. Click here for a better version. Anyone else think the 3rd basemen needs to be kept in the loop better?


Basically this is the male version of this:
Great Graphic: Baseball Signs Great Graphic: Baseball Signs Reviewed by magonomics on January 31, 2012 Rating: 5
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Short Note on ISM Manufacturing Survey

January 31, 2012
The Institute for Supply Management reports its January manufacturing survey on February 1.  The Bloomberg consensus expects a small increase to 54.5 from 53.9.  This would be the highest reading since last June.  Yes, as the economy picked up some steam after a dismal first half, the manufacturing ISM trended lower.  
Nevertheless, many cite this …
Short Note on ISM Manufacturing Survey Short Note on ISM Manufacturing Survey Reviewed by Marc Chandler on January 31, 2012 Rating: 5
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European Sovereign Supply and LTRO

January 31, 2012
This is a fairly busy week for European sovereign supply. Roughly 22 bln euros will be raised. This includes the 7.5 bln euros Italy raised yesterday by selling bonds and the 2.5 bln euros raised by Belgium in bills. Germany is seeking to raise 5 bln euros by selling 10 year bonds tomorrow and Portugal will sell bills. France and Spain plan on sel…
European Sovereign Supply and LTRO European Sovereign Supply and LTRO Reviewed by Marc Chandler on January 31, 2012 Rating: 5
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