I can just see Wall St. throwing a tantrum: "BUT DADDY I WANTED THE 100 BPS CUT, NOT THE 75. WHAAAAA!!! I'M GONNA HOLD MY BREATH UNTIL YOU GIVE ME MY 100 BPS CUT."

Wall Street close watch

No I don't think the Fed has won. Even with a 100bp cut, stock markets might recover a bit, but think of what that does to the USD yield advantage over JPY. At 2%, CHF was a carry trade funding currency, and most people are betting the Fed will ...

Wall Street close watch

Probably just profit taking ahead of FOMC decision.

Wall Street close watch

It's easy to be a bull in a bull market. Now that things aren't going so well, his lack of intelligence, insight, analysis, and common sense is coming through. Just because someone talks loud doesn't mean you should listen. Some of the dumbest ...

OOOPS! Jim Kramer got this one wrong

drummer, besides the account balance vs. equity advantage there is also another advantage and that is the number of "round-trades". Still, I doubt that any account balance benefits you get would match what you lose paying the double spread. Have a ...

whats with this "hedging" thing??

Yeah EUR/USD looks set for a correction on Daily charts, but I would still bet on 1.6000 and even 1.7000 before any significant reversal of trend - possibly this summer as the rate cuts/stimulus work their way through the US economy and the Fed ...

EUR/USD Trading Room

The S&P break was only by a few pts, so not a real break yet I guess... I can see a small technical rally off that "double bottom", plus the fact that Wall St. can now punch its chest knowing "my boy Benny got my back" (like that was ever in doubt). ...

Wall Street close watch

DJI is still holding above Jan. 22/23 lows... but S&P has already broken below.

Wall Street close watch

I try never to underestimate the Japanese. The only nation EVER (so far) to suffer nuclear attacks - on 2 separate occasions no less - and then rise to become one of the world's most powerful economies within a few short decades deserves a certain ...

Is Japan headed towards recession?

China is one of Australia's main trading partners. Since AUD strength has been tied to some extent to the export of raw materials to feed Chinese industry, I can see unrest in China (or at least what China considers to be China) to have some ...

AUD - next in line for a kick in the groin

AUD may be sensitive to the unrest in Tibet.

AUD - next in line for a kick in the groin

Are you referring to my post? If so, which "current move"? Please be specific.

EUR/USD Trading Room

Well I don't wanna say I told you so... but: That BTW was an almost entirely FUNDAMENTAL play. I saw where the market sentiment didn't agree with reality and I took it, so all you guys that think fundamentals are useless - think again. Exploiting ...

EUR/USD Trading Room

Remember this?

Wall Street close watch

Japan has also been fighting deflation for a while, and a strong yen is not going to help there. The only inklings of inflation have come from the appreciation of commodities (which is not exactly the "desireable" type of inflation) and anyway ...

Is Japan headed towards recession?

Bear Stearns gets funds from the Fed and JPMorgan... The stock markets get crushed but are now recovering their composure...

Wall Street close watch

OK so US Headline and Core CPI month on month just came in at 0.0% INFLATION HAS BEEN CONTAINED. Clearly, the fact that everyone knows prices of everything are going up, the fact that the Fed is printing hundreds of billions of dollars while ...

Wall Street close watch

SL, unfortunately many officials have to seem more optimistic than they really are... This is an excerpt from Alan Greenspan's Book "The Age of Turbulence", in the context of post 9/11 America: So sugar-coating is standard procedure for Fed chairmen ...

IS the US in Recession and whos fault is that?

That's what I thought until recently when I heard Harvard University economics Professor and member of the National Bureau of Economic Research Jeffrey Frankel say that they judge each case of a possible recession on a case by case basis (of course ...

IS the US in Recession and whos fault is that?

Yeah it looks like BoJ intervention ahead of 100.00 has not materialized, so we may be cleared for 80.00 sooner rather than later.

Wall Street close watch