RTFX-Trading
28-04-09, 10:57 AM
Swine flu: The world is concerned about a possible global pandemic, the "carry? trades are suffering. (http://www.realtimeforex.fr/forums/forex-analysis-news/8411-swine-flu-world-concerned-about-possible-global-pandemic-carry-trades-suffering.html)
What?s new:
Wall Street Journal: Stress test report indicates that Citigroup and BoA may need to raise additional capital.
Swine flu: the world is concerned about a possible global pandemic.
ECB Nowotny: ECB is ready to take unconventional measures
Switzerland: The U.S. tax authorities will pursue other banks than UBS
Trichet ECB: lowering rates is not always the panacea.
England: the Government plans to sell Northern Rock.
Today:
08h45 France: Apr Consumer Confidence, exp -43.0, previous -43.0
12h00 UK: Apr CBI Dist Trade, exp -40.0, previous -44.0
15h00 US: Feb Case/Shiller M/M, exp -2.0%, previous -2.8%
16h00 US: Apr Consumer Confidence, exp 29.8, previous 26.0
16h00 US: Apr Richmond Fed Comp, previous -20.0
17h00 Switzerland: BNS president Roth speaks
Overnight Rates & Indices:
EURUSD: 1.3039 ? 1.2984.
USDCHF: 1.1585 ? 1.1551.
GBPUSD: 1.4646 ? 1.4552.
EURCHF: 1.5068 ? 1.5037.
USDJPY: 96.78 ? 95.98.
DowJones: 8'025 -0.64%.
NASDAQ: 1'370 ? 0.24%.
S&P 500: 858 -1.01%.
Nikkei: 8'514 -2.44%.
Crude Oil: $49.17 -1.93%.
Gold: $898.70 -0.89%.
Comment:
According to some sources close to the matter, the Wall Street Journal reported this morning that the U.S. banking giants CitiGroup and Bank of America may need to raise new additional capital (According to the results of resistance testing (Stress Test)).
Yesterday, the "carry trades" suffered massive selling following the concern of a possible global pandemic of swine flu after the alerts in Mexico. The dollar and the yen (http://www.realtimeforex.fr/forums/forex-analysis-news/8335-daily-market-comments-tuesday-28-april-2009-a.html) were the big winners, while the Australian dollar and the euro were the biggest losers.
The Euro suffered the largest losses yesterday (http://www.realtimeforex.fr/forums/forex-analysis-news/8335-daily-market-comments-tuesday-28-april-2009-a.html), due to differing opinions on the future rate policy. Jean-Claude Trichet said last night ?Monetary policy is the more effective in response to a downturn, the argument goes, the lower the policy rate. This view is too simplistic. ?The action of the ECB is therefore different from other central banks, which disappointed investors. (http://www.realtimeforex.fr/forums/forex-analysis-news/8347-rtfx-tradertip-eur-usd-analysis-tuesday-28-april-2009-a.html)
Good Day
Nicolas Longchamp
RTFX Ltd
Head Office
Level 2, Suite 2, The Cornerstone Complex, 16th September Square | Mosta MST 1180 | Malta
Tel: +356 27 78 01 35
Fax: +356 21 41 24 58
Web: www.rtfx.com
This message and any attachments (the "message") are intended solely for the addressees and are confidential. If you receive this message in error, please delete it and immediately notify the sender. Any use not in accordance with its purpose, any dissemination or disclosure, either whole or partial, is prohibited except with formal approval. The internet cannot guarantee the integrity of this message. RTFX Ltd (and its subsidiaries) shall (will) not therefore be liable for the message if modified. Do not print this message unless it is necessary, consider the environment. RTFX Ltd holds a Category 3 license issued by the Malta Financial Services Authority.
What?s new:
Wall Street Journal: Stress test report indicates that Citigroup and BoA may need to raise additional capital.
Swine flu: the world is concerned about a possible global pandemic.
ECB Nowotny: ECB is ready to take unconventional measures
Switzerland: The U.S. tax authorities will pursue other banks than UBS
Trichet ECB: lowering rates is not always the panacea.
England: the Government plans to sell Northern Rock.
Today:
08h45 France: Apr Consumer Confidence, exp -43.0, previous -43.0
12h00 UK: Apr CBI Dist Trade, exp -40.0, previous -44.0
15h00 US: Feb Case/Shiller M/M, exp -2.0%, previous -2.8%
16h00 US: Apr Consumer Confidence, exp 29.8, previous 26.0
16h00 US: Apr Richmond Fed Comp, previous -20.0
17h00 Switzerland: BNS president Roth speaks
Overnight Rates & Indices:
EURUSD: 1.3039 ? 1.2984.
USDCHF: 1.1585 ? 1.1551.
GBPUSD: 1.4646 ? 1.4552.
EURCHF: 1.5068 ? 1.5037.
USDJPY: 96.78 ? 95.98.
DowJones: 8'025 -0.64%.
NASDAQ: 1'370 ? 0.24%.
S&P 500: 858 -1.01%.
Nikkei: 8'514 -2.44%.
Crude Oil: $49.17 -1.93%.
Gold: $898.70 -0.89%.
Comment:
According to some sources close to the matter, the Wall Street Journal reported this morning that the U.S. banking giants CitiGroup and Bank of America may need to raise new additional capital (According to the results of resistance testing (Stress Test)).
Yesterday, the "carry trades" suffered massive selling following the concern of a possible global pandemic of swine flu after the alerts in Mexico. The dollar and the yen (http://www.realtimeforex.fr/forums/forex-analysis-news/8335-daily-market-comments-tuesday-28-april-2009-a.html) were the big winners, while the Australian dollar and the euro were the biggest losers.
The Euro suffered the largest losses yesterday (http://www.realtimeforex.fr/forums/forex-analysis-news/8335-daily-market-comments-tuesday-28-april-2009-a.html), due to differing opinions on the future rate policy. Jean-Claude Trichet said last night ?Monetary policy is the more effective in response to a downturn, the argument goes, the lower the policy rate. This view is too simplistic. ?The action of the ECB is therefore different from other central banks, which disappointed investors. (http://www.realtimeforex.fr/forums/forex-analysis-news/8347-rtfx-tradertip-eur-usd-analysis-tuesday-28-april-2009-a.html)
Good Day
Nicolas Longchamp
RTFX Ltd
Head Office
Level 2, Suite 2, The Cornerstone Complex, 16th September Square | Mosta MST 1180 | Malta
Tel: +356 27 78 01 35
Fax: +356 21 41 24 58
Web: www.rtfx.com
This message and any attachments (the "message") are intended solely for the addressees and are confidential. If you receive this message in error, please delete it and immediately notify the sender. Any use not in accordance with its purpose, any dissemination or disclosure, either whole or partial, is prohibited except with formal approval. The internet cannot guarantee the integrity of this message. RTFX Ltd (and its subsidiaries) shall (will) not therefore be liable for the message if modified. Do not print this message unless it is necessary, consider the environment. RTFX Ltd holds a Category 3 license issued by the Malta Financial Services Authority.