Fed Buys $2.551 Billion Treasuries to Aid Economy

by Henry Liu on August 17, 2010 · 0 comments

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Following FOMC's statement last week. Pretty much an expected move.
The Federal Reserve bought $2.551 billion of Treasuries in the first outright purchase of U.S. government debt since October to prevent money from being drained from the financial system.


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U.S. Stocks Advance on Earnings, BHP’s Bid for Potash Corp.

by Henry Liu on August 17, 2010 · 0 comments

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Partially responsible for today's late sessions rally. But not enough to change overall bearish trend.
U.S. stocks rose, sending the Standard & Poor’s 500 Index to its biggest gain in two weeks, following higher-than-estimated earnings and BHP Billiton Ltd’s $39 billion bid for Potash Corp. of Saskatchewan Inc.


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Japan Economy Grew 0.4% in Second Quarter, Less Than Estimated

by Henry Liu on August 15, 2010 · 0 comments

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this could add bearish pressure to the JPY in the overall broader sentiment this week.
Japan’s economy expanded at an annualized 0.4 percent pace in the three months ended June 30, the Cabinet Office said today in Tokyo. The median estimate of 19 economists surveyed by Bloomberg News was for 2.3 percent.


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Unemployment Probably Rose as Jobs Scarce: U.S. Economy Preview

by Henry Liu on July 31, 2010 · 0 comments

Unemployment probably climbed in July, raising the risk American households will keep a lid on spending for the rest of the year, economists said before a government report this week.


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Euro Rises for First Time in Eight Months as Debt Concern Eases

July 30, 2010

The euro rallied against the dollar for the first time in eight months as concern eased that the 16- nation region’s sovereign-debt crisis will worsen and spread to the global economy.

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Consumer confidence continues to sink

July 27, 2010

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US consumer confidence remains on a slippery slope.
Uncertainty about the economy continued to shake consumer confidence in July, pushing a key measure of morale lower for a second straight month.

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Global Economy May Slow to 3.25%

July 27, 2010

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A completely possible scenario for the global economy in the next 2~3 years.
The new normal for the world economy may be arriving as the U.S., Europe and China all decelerate simultaneously.

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Bank Credit Risk Drops to Three-Month Low After Stress Tests

July 26, 2010

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Signs of improvement based on a false assumption. Bank Stress Test in Europe was a joke to begin with, in my opinion.
The cost of insuring against losses on bank bonds dropped to an almost three-month low after stress test results pr…

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Japanese, Australia Stock Futures Advance on U.S. Home Sales

July 26, 2010

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New Home Sales went up surprisingly higher today, sending a message to not discount the housing market yet.
Japanese and Australian stock futures rose after new home sales increased more than expected in the U.S. and companies from N…

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Plosser Says Weaker Data Don’t Yet Justify More Fed Stimulus

July 26, 2010

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Once again, its comment like this that keeps the market on its toes. No one knows where the market is going with USD, and this is exactly the way Feds like it.
Federal Reserve Bank of Philadelphia President Charles Plosser said it

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