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Japan’s ministry of finance says it has no comments on any intervention by Japan in the forex market. Are you ready to rumble? :cool:

TOKYO (Dow Jones)--The new head of Japan's most influential banking lobby said Thursday that the country's economy could be hurt by any further rises in the yen, which hit a fresh four-month high against the dollar earlier in the day. http://e.nikkei.com/e/fr/freetop.aspx

Switzerland is also the place with the highest density of millionaires.

"The Fed stands ready to take action,’’ said Michael Yoshikami, chief executive officer and founder of YCMNet Advisors, which manages $1.1 billion in Walnut Creek, California. “They did reaffirm they have not taken off the table additional action if conditions merit, and the market has...

He actually resisted some colleagues calls for stepping down...Thank God, he didn´t....

That was a bad trade. Ouch. "Mr. Market" hammered EUR/USD right into tailspin...stopped out with 158 pips loss. :(

Late on Monday night, the ministers attempted to respond to the pressure, announcing at the close of an eight-hour meeting that they had reopened the possibility of using the eurozone’s €440bn bail-out fund to repurchase Greek debt on the open market...

The EU has urged a clampdown on ratings agencies, including a ban on ratings for countries under international rescue schemes, but some analysts are wary of moves to slay the messenger of bad tidings. In Brussels, Internal Markets Commissioner Michel Barnier said he would ask Poland, which...

...and Jimmy will make more than farmers....:D

BERLIN (MNI) - EU Justice Commissioner Viviane Reding, in an interview with German daily Die Welt published on Monday, called for drastic steps to curb the "cartel" of the three major rating agencies. "Either the G-20 states jointly decide to smash the cartel of the three US rating agencies...

Greece bonds to be bought on secondary market. Volume : 50-60 billion EURO?

looking for 1.1250 target. :)

US hedge funds are placing large bets against the value of Italian government debt, directly shorting the bonds of the eurozone’s most indebted country by total debt outstanding. The funds have increased the size of short positions in the last month, speculating that investor concerns over...

WASHINGTON (MarketWatch) — The weak June nonfarm payrolls report will spur the Federal Reserve to launch a third round of asset purchases, known as quantitative easing, sometime this fall, said David Blanchflower, a professor at Dartmouth College. “QE3 looks increasingly on the table...

Thanks, another pdf in our library...:)

:D Both useless, but unfortunately the large players - and I really mean pension funds and other "large tanker" investors are taking the opportunity to put some money off the table or in the new wording "risk off trading". Year end rally to bring us above 1550.

What Does Interest Rate Differential - IRD Mean? A differential measuring the gap in interest rates between two similar interest-bearing assets. Traders in the foreign exchange market use interest rate differentials (IRD) when pricing forward exchange rates. Based on the interest rate parity...

The Moody’s action sparked sharp criticism of ratings firms by the European Union, with European Commission President Jose Manuel Barroso warning that the Portugal downgrade suggested an anti-European bias by rating firms. “It seems strange there is not a single rating agency coming from...

The credit rating companies that were too slow in predicting Iceland’s economic collapse in 2008 may be underestimating the strength of its resurrection. .... Iceland’s experience shows the rating companies may be overcompensating after failing to identify some of the risks that led to...

About 20 banks and insurance companies are meeting in Paris to discuss the role of bondholders in a new Greek aid plan, said the Institute of International Finance, a banking-lobby group hosting the gathering. Talks began last week in Rome under the auspices of IIF Managing Director Charles...