A dire report prepared for President Medvedev by Russia’s Ministry of Natural Resources is warning today that the British Petroleum (BP) oil and gas leak in the Gulf of Mexico is about to become the worst environmental catastrophe in all of human history threatening the entire eastern half of the North American continent with “total destruction”
June 1 (Bloomberg) -- The Bank of Canada raised its key interest rate from a record low today, the first Group of Seven country to do so since last year’s global recession, and said further moves will be “weighed carefully” against future growth in Canada and elsewhere.
The target rate on overnight loans between commercial banks rose to 0.5 percent from 0.25 percent
"Bonds worth about €3 billion are now being purchased on every trading day, with €2 billion of the bonds coming from Athens. At the moment, there is no improvement of the situation in sight. "The ECB and the national central banks operating on its behalf are currently the only buyers to speak of," says one market insider."
"The fact that the ECB is keeping prices artificially high is downright encouraging banks to unload their risky assets onto the central bank."
"It's a free lunch," says a top Frankfurt banker. "Anyone who doesn't take advantage of this opportunity to get rid of his securities now only has himself to blame."
Remember when it was all the rage to price oil in euros .... Seems like it wasn't the brightest idea .... And when they're finished selling off their euros, the Goldmen will trash the buck .... They don't call 'em the 'Goldmen' for nothin' lol
June 2 (Reuters) - The Iranian central bank has announced that it will sell 45 billion euros from its foreign exchange reserves to buy dollars and gold, China's official Xinhua news agency reported on Wednesday, citing unspecified Iranian media reports.
Xinhua said that the sales would be conducted in three stages and that the first had already begun, citing unnamed sources.
It also said that other Gulf states had also started cutting their euro holdings.
According to regulatory filings, RawStory.com has found that Goldman Sachs sold 4,680,822 shares of BP in the first quarter of 2010. Goldman's sales were the largest of any firm during that time. Goldman would have pocketed slightly more than $266 million if their holdings were sold at the average price of BP's stock during the quarter
58 comments:
Good Morning Dear Boris ....
Bit slow today ...
Good Afternoon Dear
Xerxes
I h was out couple hours
Good Morning Dear Boris ....
B-berg says that an adviser to the Greek gov't suggests that Greece default and leave the euro ...
ECB suggests that there will be huge bank losses exposed in 2011 and that public debt issuance will squeeze private attempts to sell bonds
Bank losses could amount to 200 billion euros --- ECB
EURUSD 1.15 this year --- Paris-Horvits
Free fall Dear Boris, free fall ... Past the 50% en route to the launch price
New
Cycle Counting and
Turn dates for Dollar
Update
At
Market Report
Boris
good swimming
old john
A dire report prepared for President Medvedev by Russia’s Ministry of Natural Resources is warning today that the British Petroleum (BP) oil and gas leak in the Gulf of Mexico is about to become the worst environmental catastrophe in all of human history threatening the entire eastern half of the North American continent with “total destruction”
Do you know these guys Dear Boris :-)
http://www.eutimes.net/2010/05/toxic-oil-spill-rains-warned-could-destroy-north-america/
MarkIt reports Italian CDS has exploded by 50bps, from 200 on Monday to 250bps, a new record.
Emini 329
at
Market Report
Dear John
Sorry,
Was busy, swimming
In
High Humidity.
(:-
Just do not like to put the Air-conditioner on for me( yes, for computers).
Well, I guess , summer is in high gear now
Good Trading Dear Friend John
Dear Xerxes
Thanks for all the
Infotainment
Good Trading
My Very Dear Friend
June 1 (Bloomberg) -- The Bank of Canada raised its key interest rate from a record low today, the first Group of Seven country to do so since last year’s global recession, and said further moves will be “weighed carefully” against future growth in Canada and elsewhere.
The target rate on overnight loans between commercial banks rose to 0.5 percent from 0.25 percent
5 min data
on
Market Report
almost 200 pip turn around in
EURO today, so Far
Jim O'Neill must have been buying Dear Boris ... He says EURUSD should be 1.35 :-)
Good Morning Dear Boris
Korean Won most undervalued emerging currency --- B-berg
Sell Baby Sell!
"Bonds worth about €3 billion are now being purchased on every trading day, with €2 billion of the bonds coming from Athens. At the moment, there is no improvement of the situation in sight. "The ECB and the national central banks operating on its behalf are currently the only buyers to speak of," says one market insider."
"The fact that the ECB is keeping prices artificially high is downright encouraging banks to unload their risky assets onto the central bank."
"It's a free lunch," says a top Frankfurt banker. "Anyone who doesn't take advantage of this opportunity to get rid of his securities now only has himself to blame."
http://www.spiegel.de/international/europe/0,1518,697680,00.html
Is the 2nd daily in the crosshairs Dear Boris
emini330
on
MarketReport
5 min data
A bit late
Sorry,
see
Market Report
Update
timing
of
Market
at
Market Report
Update
Market Report
update
Market Report
Remember when it was all the rage to price oil in euros .... Seems like it wasn't the brightest idea .... And when they're finished selling off their euros, the Goldmen will trash the buck .... They don't call 'em the 'Goldmen' for nothin' lol
June 2 (Reuters) - The Iranian central bank has announced that it will sell 45 billion euros from its foreign exchange reserves to buy dollars and gold, China's official Xinhua news agency reported on Wednesday, citing unspecified Iranian media reports.
Xinhua said that the sales would be conducted in three stages and that the first had already begun, citing unnamed sources.
It also said that other Gulf states had also started cutting their euro holdings.
Market Update
Market Update
At
Market Report
According to regulatory filings, RawStory.com has found that Goldman Sachs sold 4,680,822 shares of BP in the first quarter of 2010. Goldman's sales were the largest of any firm during that time. Goldman would have pocketed slightly more than $266 million if their holdings were sold at the average price of BP's stock during the quarter
Good Morning Dear Boris
Good Morning
Very Dear Friend
Xerxes
I think, there is a high probability that Gold falls today towards 1200-1210 zone.
Emini 331
At
Market Report
5 min data
on
Market Report
Please
Look at the paths
And how it should work.
At
Market Report
Spanish-German 10 yr spreads widen to 189, a record ...
Paul Krugman says chances are 50/50 that Greece exits the euro
Well,
We got there.
Now, what will we break it.
Just be careful. Chances are either way now. So, stay out if you cannot see clearly.
THis for short term trader , of course.
Good Trading ALl
update
On
Market
Report
The last hour of trading session COULD be very bad for EUR, stocks,...
Good Morning Dear Boris ....
Triple bottoms are very rare ... I bet 4th annuals are as well
Spanish-German spreads widening to record today fanning fears of contagion --- B-berg
SOC-GEN shares plunging on derivative positions --- B-berg
Euro is worst performing currency this year --- B-berg
Initial support
At DLAP3,
But now broke that.
Here comes DLAP4!!!?
Maybe
And THe Dollar
Says
What?
Actually Lower
Is this the one?
Low ON EURO
Look and
Remember
Please
1.2017 !!!!!!!!!!!!
Cannot make chart today
Unfortunately,
But use data
at
Market Report
For the same
5 mn
data
at
Martket
Report
Doom and gloom on B-berg
Any bad news anywhere in the world means sell the euro --- B-berg
Default is not out of the question -- Hungarian PM spokesman
Update
URGENT
back in
stop below low
thanks for clarificcation Dear Boris, cheers :)
Dear Vishal
All
Please read response
At
Market Report
UPdate
For Closing
More updates over the weekend
Earthquake today.
DLAP4 was hit and overshoot below by couple points.
DLAP4 has a an earthquake size 7+ on Richter scale probability.
WOW! we are getting few of these lately.
I t must be volatile world out there.
Tell me about it.
I advised to go long VXX just in time before runup.
GOod Trading All
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