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POPSDubai Restructuring Causes Waves The ongoing Dubai restructuring story, combined with recent restructurings in Kazakhstan and Ukraine, raises questions over the quality of sovereign support for quasi-sovereign names. The risk is that in the aftermath of this, rating agencies take a less generous interpretation of sovereign support and we see a wave of quasi-sovereign downgrades. Investors will then demand a higher risk premium for holding assets of those quasi-sovereigns without explicit sovereign guarantees. Hence, developments in Dubai have broader market resonance and the CDS market has continued to react negatively with spreads widening dramatically, especially those of the less well thought of sovereign names. Read more...
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POPSCurrency Market Updates - GBP/AUD Hits 1997 Lows The Reserve Bank of Australia are willing to raise interest rates once it is economically viable. Meanwhile the GDP news out of France and Germany has been met with some cynicism. After initial gains for the pound and the euro, the USD fought back late in the day.
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POPSGBP/USD Tops Out at 1.65 Again The volatility of the market has unusally led to a tight trading range for the GBP/USD. There is a similar pattern in the USD/JPY. We saw the dollar strengthen against the pound and the euro yesterday.
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POPS Equities in UK and US Hit 2009 High The recent move into risk has been upheld with sterling moving higher against the US dollar. Be aware that the pound is being underpinned with the improved performance in equities and this position could easily be reversed.
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POPSUK GBP Weaker Than Expected Despite a strong start in early trading, sterling dropped a full cent against the USD and other major currencies. Phil McHugh of Currencies Direct, reported that the Japenese Yen was the main mover yesterday, retreating against USD, GBP and the Euro.
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POPS5 Educational Trading Videos Educational trading videos make trading easier than you think and are designed to help you make more money than you expected. They will also save you money by showing you how to avoid downturns in the market.
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POPSHow to Trade Gold This Week Taking a close look at the gold market this week we are looking for the key level of 946.40. Should gold break that barrier the advice is to buy gold. When trading in gold it is paramount to have the real-time prices at your finger tips and this report shows how to do just that.
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POPSWill the US Dollar Weaken Against the Euro? The relationship between the Euro and the US dollar looks as if the market is going to favor the Euro. Since 2001 the euro has been steadily gaining despite rallies by USD and recently, using technical charts including Trade Triangle technology, all indications are that we are due for another upswing for the euro with a target area of 1.50 or possibly even 1.60.
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POPSMixed Data Leads to Mixed Markets The Federal Reserve Board staff expects the Central Bank's balance sheet to peak later this year and decline gradually from then on. Yesterday China revealed perhaps another part of the reason for strong asset markets. The country's M2 surged to a new record since data avail in 1999 of 28.5%, well above expected 26.7%, compared to an average in past years around 18% and their GDP this morning was also stronger than had been anticipated. China's economy gathered momentum in the 2nd Quarter of the year thanks to a continuation of the massive fiscal and monetary stimulus. Yesterday's UK jobs figures were, as reported during the rest of the day, horrendous. UK unemployment data rose to hit a 12 year high of 2.38 million in the three months to May, equivalent to 7.6% of the workforce. This bigger than expected jump is the largest rise we have seen since records began in 1971 and 2.4% higher than it was this time last year.
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POPSRisk Aversion Continues Equities ended largely softer on Friday and given the current economic outlook, appear set for another nervous week. Tomorrow we will look at GE, Intel and Goldmans and expect volatility in equity markets globally over the next few days. Read more...
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POPSOnline Trading Videos Online trading videos are a terrific way to improve your trading education as well as your ultimate wealth.
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POPSIs Crude Oil Poised For a Comeback? Crude oil has been on the ropes the last eight days but it looks as if the tide will turn quite soon. The Trade Triangles used by seasoned trade floor professionals help to analyze the markets and all the indications are that we are looking for the turning point to come at around the 59 or 59.50 mark. Posted at Currency Market Updates.
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POPSAll Eyes on Bank of England Today Is expansion of the UK Quantative Easing program the way out of trouble for the UK economy or is it this practice, often described as 'printing money' storing up more fuel for the recessionary fire?
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POPSPayroll Thursday Out Today Non-farm payroll data is the most important data point for all financial markets an it is out today ahead of the Independence Day holidays in the US. The number for June is expected around -365k and unemployment is expected a touch higher at 9.6% from 9.4% previously. If we see a 10-20% deviation from the expected, then hang on to your hats.
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POPSApple and RIMM in The "Smart Phone" War The "Smart Phone" war continues to rage between Apple and RIMM amidst the carnage of this present recession. While demand for the products are high, traders cash in on the share value. Find out who is winning and how you could easily be a winner too!
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POPSThe "Smart Phone" War - Appl;e or RIMM The "Smart Phone" war continues to rage between Apple and RIMM amidst the carnage of this present recession. While demand for the products are high, traders cash in on the share value. Find out who is winning and how you could easily be a winner too!
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POPSOptions Mastery Class Giveaway and Webinar Tonight Brett Fogle, President of Options University, is about to start giving away their Options Mastery Series course. Why? Because they believe we’re headed for even more market volatility in the future, and we may have only just seen the beginning of the US market meltdown. Brett Fogle says: "We could put in a bottom here, but we’ll likely go much lower with the U.S. Commercial Real Estate market on the verge of collapse, and residential home foreclosures at record numbers (so high, the banks can’t officially "post" them all)...which means U.S. banks are also in danger." Basically, he wants to let you know that they care about U.S. investors, and want to get this information into the hands of as many of you as possible.
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POPSUSD Weakens Ahead of the FOMC Meeting Looking at the markets this morning sterling has made good gains against the USD and recovered some ground on the euro. The lack of further equity losses being broadly sterling positive. Tonight we have the monthly meeting on interest rates in the US, the FOMC meeting is not expected to move interest rates but they will comment on their QE measures introduced.
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POPSEurozone on the Back Foot The good news for Germany but has not helped the euro gain as the market takes other data with a heavy pinch of salt given the weaker sentiment shrouding the euro-zone and Germany.
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POPSMixed Reports from the Eurozone Once again we don't really know where we are in very jittery markets. Mixed Reports from the Eurozone have investors in various markets watching the charts closely.
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POPSCurrency Market Updates Sterling and the UK retails sales both dropped yesterday. I wonder why the powers that be are surprised. It just means more good trading opportunities for us!
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POPSWhich Way For Gold Now? Gold has been enjoying a steady climb recently, during this rough economic climate. Has that little run come to and end? A detailed analysis will help us decide and this video shows how.
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POPSBrand new video reveals Forex discovery This brand new Forex trading video is a "must see". If you're interested in Forex, or have been a little "spooked" by what's been going on in the markets, then this may is for you.