My first comment is that is pretty annoying to have to deal with Greece volatility this Sunday when I would rather bask in the US Woman’s World Cup win!! #USAUSAUSA…truly dominant performance.
So much for US recession, NFP in the US was well beyond consensus and puts into play where people were positioned even on rates after yesterday’s opening hours of pain but easing back by the end of the day.
Today’s headlines on Greece are NOT in the market’s volatility range or where equities should feel comfortable at this level.
The euro is finding a toe hole on speculation that the new Greece government may soften its stance and work with international creditors.
The European Central Bank (ECB) exceeded expectations (so rare in life) with their monthly 60 billion euro asset purchasing until Sept 2016 and an open ended loaded bazooka in their pocket.
The ECB, Gold and U.S. dollar – This morning the European Central Bank (ECB) surprised global markets by slashing key interest rates to a new record low of 0.05% from 0.15%.
Since the Fed many non G3 currencies have made higher lows against the Dollar. We think some weaker U.S. data today on housing along with better external data for many of the FX crosses we are watching means this trend can continue.
While China (FXI, quote) continues to disappoint and send a message to the global economy, Europe continues to show resilience and makes one wonder whether a sustained recovery isn’t in fact in place.
Wow what a roller coaster ride the last few days! From last week Friday to close today, U.S. markets fell off rails nearly 2.7% in 3 days and over 3.5% from the February 25th all-time high.
- Taiwan’s porn star metro cards sell outSource: China.orgPublished on 2015-09-02
- Chemical plant blast kills 5 in E. ChinaSource: China.orgPublished on 2015-09-02
- President Xi to deliver speech at V-Day paradeSource: China.orgPublished on 2015-09-02
- High-speed railway opens in NE ChinaSource: China.orgPublished on 2015-09-02
- How Pik cracked the Wooster codeSource: South Africa Times Live – newsPublished on 2015-09-02
- Meyer has opened the wrong PaigeSource: South Africa Times Live – newsPublished on 2015-09-02
- The Big Read: Students who deserve 0%Source: South Africa Times Live – newsPublished on 2015-09-02
- The fires of 1976 burn once more at today’s universitiesSource: South Africa Times Live – newsPublished on 2015-09-02
- Area near Tianjin blast site normal after rainSource: China.orgPublished on 2015-09-02
- PLA to showcase top weapons for the first time in paradeSource: China.orgPublished on 2015-09-01
- Oversold? 4 plays on struggling big name stocksSource: Fast MoneyPublished on 2015-09-01
- Your first look at Wednesday, September 2Source: Fast MoneyPublished on 2015-09-01
- Final Trades: NFLX, DIS, TLT & OVXSource: Fast MoneyPublished on 2015-09-01
- Options Action: VIX to derail a Fed hike?Source: Fast MoneyPublished on 2015-09-01
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- Taiwan’s porn star metro cards sell out