PAR 18:04 GMT May 21, 2013
Ireland - Apple:
Reply
It is not only Apple .
However, corporate taxes as a percentage of government receipts are at an all-time low:
Read more: http://www.businessinsider.com/two-charts-corporate-tax-avoidance-revenue-offshore-2013-5#ixzz2Tx3iDylq
Livingston nh 17:50 GMT May 21, 2013
Ireland - Apple:
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Maybe just let the banks fend for themselves --
PAR 17:47 GMT May 21, 2013
Ireland - Apple:
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Next time Ireland faces a banking crisis they could ask Apple for help instead of poor Irish people and European taxpayers . LoL
Livingston nh 17:29 GMT May 21, 2013
US Dollar:
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ab - my thought is rates influence the USD (and world rates??) - gold is selling off since April // Fed has to control rates - if it stops buying treasuries it is forfeiting control to the market - ergo it has to hike but keep buying
hk ab 17:24 GMT May 21, 2013
US Dollar:
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even yen rate was kept at 0.00 for so long, it had been staying in the 70-80 region for so long as well.....
hk ab 17:23 GMT May 21, 2013
US Dollar:
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nh, they can still buy gold on eur and jpy if they want to push.....imvho
Livingston nh 17:17 GMT May 21, 2013
US Dollar:
Reply
what if the Fed raises rates and continues to buy treasuries? gold isn't money but it is sensitive to rates
GVI Forex 17:14 GMT May 21, 2013
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Prelude to Bernanke?:
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FED: FRBNY Pres Dudley remains dovish. He talks of adjusting QE up or down, unsure of which way next, but warns of mkts overreacting to taper and posits Fed might want to hold, not sell, MBS to prevent a rate rise. He says Jun'11 exit advisory is dated and Fed should update thinking on bal sheet, possibly with eye on how to "mitigate potential costs and risks." Says FOMC "could decide to indicate that it will avoid selling the MBS portfolio" during early stage of normalization or perhaps not sell MBS at all to avoid a sharp increase in long rates. Challenge will be getting "the initial tightening of financial market conditions... commensurate to what we desire. There is a risk is that market participants could overreact" or move too fast. That would threaten fin'l stability, also "make it harder to calibrate mon policy appropriately." He wants QE "to respond flexibly to a changing econ outlook," but not disrupt the economy. "Based on what we have learned to date at the zero bound, I believe that it will be important for us to anchor all communication" around Fed's core principles of getting a better econ and low infl.
MNI
HK Kevin 17:10 GMT May 21, 2013
Sell EUR/USD:
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Limit sell order 1.2930 executed. Next added level at 1.2980. Overall stop at 1.3060, t/p 1.2780
Cambridge Joe 16:39 GMT May 21, 2013
trading:
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I've got a window abt 45 Mins out and appr 45 mins wide shoukld see softer e/$... for a start.
IMO. GL
Cambridge Joe 16:35 GMT May 21, 2013
trading:
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I've got e/$ looking like it's to drop into Asia. Pick your time..!
A violent seesaw.
IMO. GL
PAR 16:22 GMT May 21, 2013
US Dollar:
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Dollar weaker as Bernanke will keep printing dollars as never before .
Cambridge Joe 16:02 GMT May 21, 2013
trading:
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as long as stops are above 53.... should hang in there... ?
GVI Forex Inner Circle 15:46 GMT May 21, 2013
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Fixed Income:
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Major bond market prices mostly weaker. Peripheral prices mixed.
Miami JN 15:33 GMT May 21, 2013
trading:
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What happened to eur????
London Chris 15:09 GMT May 21, 2013
trading:
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Is anyone trading or are we all waiting for tomorrow's Bernanke fireworks?
london red 13:46 GMT May 21, 2013
GBPUSD:
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to clarify; ready to nail gbp vs euro. cable is another matter with dollar side the focus.
london red 13:41 GMT May 21, 2013
GBPUSD:
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first couple of rebounds off trendline were tradable, but since 8500 taken looks like 200 week will come into play at 8517. i wouldnt stand in the way of that if broken convincingly but you have to wonder if market is ready to nail gbp with minutes tomorrow. thats enough to allow me to let any upside run. as always there will be plenty of chances to get on board without such issues.
Cambridge Joe 13:35 GMT May 21, 2013
GBPUSD:
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I'm getting firmer Cable ... worth guarding your shorts !
NY JM 13:16 GMT May 21, 2013
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GBPUSD:
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1.5034 is next key support on daily chart -- so no obvious stops below the market.
As red pointed out, eurgbp .8500 is more of the focus
Cambridge Joe 13:00 GMT May 21, 2013
USDMXN:
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$/MXN : Nice down move lurking about 10 mins out from here.
IMO. GL (softer)
SaR KaL 11:49 GMT May 21, 2013
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Kal`s Trend and Level:Reply:
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if and only if?...No?
not done dat for a while
ok
if and only if GBPNZD does not go above 1.88 within the next 15 hrs...I will do the following;
1) Head down to Mali...dive with tiger sharks all night...then come back and have Rice cockroaches for dinner.
2) Fly over to Sierra and call the president an azz on National TV.
3) Take flight all the way to north Korea...and tell everyone I hate Garlic.
End if
SaR KaL 10:46 GMT May 21, 2013
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Kal`s Trend and Level:Reply:
Reply
Purk
Just where it can not go...Rather then where it will
if it did it fast enough... i will get out
gbpnzd and gbpaud
are very much near the point of no return
if one longs and goes his way
then we wont see these levels again for at least 3 weeks
manila tom 09:06 GMT May 21, 2013
United Kingdom:
Reply
red, agree with your assessment for cable, i still prefer buy dips in this 1.50-1.51 area on weekly basis 1.5070 was a strong support too
GVI Forex Inner Circle 09:04 GMT May 21, 2013
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UK CPI & RPI data softer than expected. U.S. Calendar light:
Reply
- HIGH
IMPACT ITEMS: US- No Major Data
- Tuesday sees key UK CPI and RPI
data. U.K. inflation data softer than expected but still above BOE
target
- The USDJPY is steadty
after the Japanese Economics Minister backed off from his comments
expressing satisfaction with the current value of the JPY. The Nikkei
gained and 10-yr JGB yields are
higher.
- A BOJ decision is due on
Wednesday. No change in policy is expected.
- Wednesday will see the
minutes from the latest Fed Meeting (May 1) and testimony by Chairman
Bernanke to the House. This testimony will give him ample opportunity
to signal to the markets what the current intentions of the central
bank may be.
- Thursday sees a number of flash
PMI reports U.K. data could also influence the GBP The critical
German IFO Survey is due on Friday.
20d
avg
|
10-yr
|
Equities
|
EURUSD
1.3019
|
JGB
0.85% +6bp
|
Asia:Higher
|
USDJPY
99.99
|
Bund
1.35% +3bp
|
Europe
Higher
|
EURJPY
130.17
|
U.S.1.97%
+2bp
|
U.S.:Mixed
|
london red 08:42 GMT May 21, 2013
United Kingdom:
Reply
inflation lower which offers chance for further qe but hands are tied now until carney takes helm and july might be too early to jump in, rather august if data allows.
15150 said to be well supported, should hold into bernanke tomorrow, but boe minutes first which should boost gbp. looking to buy cable ahead of support and/or sell eurgbp 85 cents
GVI Forex Inner Circle 08:39 GMT May 21, 2013
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United Kingdom:
Reply
U.K. CPI & RPIX data easier than expected, but still above BOE target.
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