Forex Forum Archive for 04/02/2011

Syd 22:57 GMT April 2, 2011 Reply   
http://www.cnbc.com/id/15840232?video=1865255533&play=1

New radioactivity leak at Fukushima nuclear plant: Toxic water found spilling into Pacific
www.dailymail.co.uk/news/article-1372787/New-radioactivity-leak-Fukushima-nuclear-plant-Toxic-water-spilling-Pacific.html#ixzz1IPNFdheU

Careful, Bears, Dollar Could Surprise, Strategist Says
Traders are just about planning on an April 7 interest rate hike by the European Central Bank. But the approaching end of QE2 could burst the euro's bubble, this strategist says.
www.cnbc.com/id/42361617

dc CB 18:20 GMT April 2, 2011 Reply   
the big banks have decided to take their cheap capital they borrow at basically zero percent , and invest into commodities, i.e., agricultural futures like Wheat, Corn, and Soybeans, energy futures like Oil and Gasoline (Fig. 2), and industrial and precious metals like Copper, Gold and Silver.

The Big Banks like JPMorgan Chase, Goldman Sachs, Morgan Stanley, HSBC, UBS, and BOA-Merrill Lynch are some of the largest energy traders in the world. They all derive considerable trading revenue from the markets each quarter. So when you hear that Goldman Sachs, or BOA didn`t have a single losing trading day for a given quarter, these banks are taking a lot of money out of the market, and much of their hefty trading profits are generated from commodities like food and energy.


http://www.econmatters.com/2011/04/us-consumers-have-big-banks-to-blame.html

Tonbridge AL 14:29 GMT April 2, 2011 Reply   
Weekly setup videos for the EUR/USD and GBP/USD for the week ahead

Click here to access the videos

Berlin 12:06 GMT April 2, 2011 Reply   
IMF wants Greece to restructure debt - Der Spiegel

Syd 10:28 GMT April 2, 2011 Reply   
Net Euro Long Increases To 56,630 Contracts as of Mar 29-CFTC

Battle Lines Drawn on Fed's Next Moves
As the U.S. economy slowly improves, battle lines are being drawn at the Federal Reserve for a debate in the months ahead about when and how to tighten its easy monetary policy
http://online.wsj.com/article/SB10001424052748703806304576237053
753358220.html

Syd 10:14 GMT April 2, 2011 Reply   
UK does not rule out arming Libyan rebels-Cameron
http://af.reuters.com/article/libyaNews/idAFHOC00223220110330


Obama signs secret order authorising covert support for Libyan rebels
http://www.allvoices.com/contributed-news/8644017-obama-signs-secret-order-authorising-covert-support-for-libyan-rebels/image/76421815-president-barack-obama-said-he-did-not-rule-out-arming-libyan-rebels

BUENOS AIRES (AFP)--Italy hasn't ruled out arming Libyan rebels seeking to oust Moammar Gadhafi but it would be an "extreme measure," Italian Foreign Minister Franco Frattini said Friday.

Italy has chosen "caution for the moment" on the issue of distributing arms to the rag-tag Libyan opposition, but "it's a possibility to be reconsidered in the future," he told a joint news conference with Argentine President Cristina Fernandez.