Translate

Search This Blog

Search Tool




Feb 2, 2011

Fernando Guzmán Cavero: From Micro Insiders Trading To Macro Insiders Trading

 From  Micro Insiders Trading To  Macro insiders  Trading


By: Fernando Guzmán Cavero

1.-Old-New Strategy For Market Manipulation:

"Make  the Prices of  Pre Market Trading Hours  Determine the prices of  Regular Market Trading Hours"   
   


Since December 2010 the euphoria, with out any other solid argument , but the economic indicators released, tried to make us believe, once again, that the crisis ended, and the U.S. was in the path to recovery; even more, it was not only in the path but it was, in a vigorous  and sustainable growth cycle.

But what I have seen, is a period  of  vigorous and sustainable  great volatility, as never before. This situation in which the voices celebrating that  the Dow index finally broke the level of 12,000, was, certainty  in-vane, for the believers that a few days later,saw   the index,  retrace below the 12000 and   again to jump back  not very long later and  renewing the trading in this loop, where just a few can enter.

Let's take a look at some figures


Dow Jones Industrial Average
2010 Largest One Day Gains and Losses  
Largest Point Gains
Largest Point Losses
Rank Date Close Net Chg % Chg
Rank Date Close Net Chg % Chg
1 05/10/10 10785.14 404.71 3.90%
1 05/20/10 10068.01 -376.36 -3.60%
2 05/27/10 10258.99 284.54 2.85%
2 05/06/10 10520.32 -347.80 -3.20%
3 07/07/10 10018.28 274.66 2.82%
3 06/04/10 9931.97 -323.31 -3.15%
4 06/10/10 10172.53 273.28 2.76%
4 02/04/10 10002.18 -268.37 -2.61%
5 09/01/10 10269.47 254.75 2.54%
5 06/29/10 9870.30 -268.22 -2.65%
6 12/01/10 11255.78 249.76 2.27%
6 08/11/10 10378.83 -265.42 -2.49%
7 06/02/10 10249.54 225.52 2.25%
7 07/16/10 10097.90 -261.41 -2.52%
8 11/04/10 11434.84 219.71 1.96%
8 05/04/10 10926.77 -225.06 -2.02%
9 06/15/10 10404.77 213.88 2.10%
9 01/22/10 10172.98 -216.90 -2.09%
10 08/02/10 10674.38 208.44 1.99%
10 01/21/10 10389.88 -213.27 -2.01%
Source: Wall Street Street Journal
On May 6, 2010  The Dow  closed losing  3.20%,  ranking (2nd)  as a one day of   Major Lose (Wall Street Ranking -Market Data Center).   A  black day   for some investors but not for all,. new " macro insider trading.".made their day.


 This is a revitalized strategy to make everyone be concentrated on early news,coming from the performance   pre- market trading hours  ( From 8:00. to 9:30:) This place,  is replaced by insiders  to manipulate the market.( We come back later with this issue..).


Allow me  retake the  numbers and its relation to market manipulation. After five days  the market hit this 2nd place  as a one day lose  and  all of the sudden the market jumped to a 3,90%  percent gain,  1rst   in  the ranking of  Wall Street  Statistics: In  a  one day gain..

 This is  what some analysts and academics  have  named   the activity of  accumulation and distribution of securities; in other words, stocks were at  some point of time   accumulated for a  distribution in some later time , and at a higher price independent  of   their  fundamental values.  This is very important  to bear in mind ,because  on the contrary it could be argued that   nobody  buys expecting prices to fall ( leaving  aside , short selling), which is another chapter to discuss or talk about.

Of course the process is more complex than this due to regulations  in the  stock  markets , but valid anyway..
I will Leave you with the  ranking corresponding to 2009.  Are there any similarities ?
After yesterday festivity today the Dow  closed just 41 points away from 12,000  Was this a miracle ?



 Dow Jones Industrial Average
2009 Largest One Day Gains and Losses 

Largest Point Gains Largest Point Losses
Rank Date Close Net Chg % Chg Rank Date Close Net Chg % Chg
1 03/23/09 7775.86 497.48 6.84% 1 02/10/09 7888.88 -381.99 -4.62%
2 03/10/09 6926.49 379.44 5.80% 2 01/20/09 7949.09 -332.13 -4.01%
3 01/21/09 8228.10 279.01 3.51% 3 03/02/09 6763.29 -299.64 -4.24%
4 01/02/09 9034.69 258.30 2.94% 4 02/17/09 7552.60 -297.81 -3.79%
5 07/15/09 8616.21 256.72 3.07% 5 04/20/09 7841.73 -289.60 -3.56%
6 04/09/09 8083.38 246.27 3.14% 6 03/05/09 6594.44 -281.40 -4.09%
7 03/12/09 7170.06 239.66 3.46% 7 03/30/09 7522.02 -254.16 -3.27%
8 02/24/09 7350.94 236.16 3.32% 8 02/23/09 7114.78 -250.89 -3.41%
9 05/18/09 8504.08 235.44 2.85% 9 10/30/09 9712.73 -249.85 -2.51%
10 06/01/09 8721.44 221.11 2.60% 10 01/14/09 8200.14 -248.42 -2.94%

Continue...










Evening Market Wrap: Stocks Close On A Mixed Note After Tuesday's Rally - U.S. Commentary .

Evening Market Wrap
Wednesday, February 2, 2011, 17:06


Commentary

Stocks saw a lackluster close on Wednesday after showing no clear direction throughout the session ahead of Friday's employment data. The day's better than expected report on January private sector jobs growth failed to rouse any meaningful response from traders, with turmoil in Egypt remaining a key market overhang. Full Article
Economic News

Suggesting solid U.S. private sector job growth heading into the New Year, payroll processor Automatic Data Processing, Inc. (ADP) released a report on Wednesday showing that private sector employment increased by more than expected in the month of January. Full Article
Corporate News

Oil and gas explorer Marathon Oil Corp. (MRO) on Wednesday reported a profit for the fourth quarter that almost doubled from last year, helped by higher crude oil prices and refining margins. Adjusted earnings increased from last year and topped Wall Street expectations. Looking ahead, the company said it expects 2011 production available for sale in its exploration and production business to be essentially flat with the prior year. Full Article

Media and entertainment giant Time Warner Inc. (TWX) reported Wednesday a strong profit growth for its fourth quarter, above market projections, as higher revenues from Networks and Warner Bros helped offset a poor performance in Publishing. Further, the New York-based company said it expects fiscal 2011 adjusted earnings growth in low teens. Time Warner also announced a higher quarterly dividend, and $5 billion share repurchase authorization. Fourth-quarter net income attributable to Time Warner was $769 million or $0.68 per share, compared to $631 million or $0.53 per share last year. Full Article

Chocolate and confectionery products maker Hershey Co. (HSY) reported Wednesday an increase in profit for the fourth quarter, reflecting revenue growth and margin expansion. Both adjusted earnings per share and quarterly revenues came in line with analysts' expectations. However, the company adjusted its earnings forecast for the full-year 2011 to a range below the Street view. Full Article

Stock exchange operator Nasdaq OMX Group, Inc. (NDAQ) on Wednesday reported a profit for the fourth quarter that more than tripled from last year, reflecting revenue growth and a favorable tax impact on restructuring. Adjusted earnings per share for the quarter increased 20 percent and topped analysts' expectations. The New York-based company reported net income for the fourth quarter of $137 million or $0.69 per share, up from $43 million or $0.20 per share in the prior-year quarter. Full Article

Toy manufacturer Mattel, Inc. (MAT) Wednesday reported a marginal decline in fourth-quarter profit, as the comparable period included a tax benefit. Earnings per share, however, topped analysts' estimates on a 9 percent sales growth. Net income for the quarter slipped to $325.2 million from $328.4 million reported last year. On a per-share basis, earnings stood flat with last year at $0.89. The last year results included a tax benefit of $0.08 per share. Full Article

Pharmaceutical and healthcare firm GlaxoSmithKline Plc (GSK, GSK.L) Wednesday said it has sold its entire stake of 30.76 million shares in Quest Diagnostics Inc. (DGX). Net of tax, the company expects to receive cash proceeds of about $1.1 billion. Quest had said on Monday that it agreed to repurchase 15.4 million shares of its common stock from its largest shareholder, SB Holdings Capital Inc., an affiliate of GlaxoSmithKline. The Madison, New Jersey-based company priced on Tuesday the secondary public offering at $56.25. Citing the repurchase, the diagnostic testing services provider also increased its fiscal 2011 earnings guidance. Full Article
Political News

Gallup released the results of a survey on eight actions Congress could take this year on Wednesday, with the results showing the strongest support for an energy bill that would provide incentives for using solar and other alternative energy sources. The survey found that 83 percent of Americas favor passing an alternative energy bill compared to just 15 percent that are opposed. Full Article
Stocks To Watch

Feb 2, 2011 Bright outlook...
A once high-flier that crashed in 2009, this stock comes into our radar on the merit of its upbeat outlook for fiscal 2011. This semiconductor wafer maker moved to a profit in the fourth quarter, as r Full Article

MarketWatch - Personal Finance Daily : Storm outlook: Get fuel, water, lots of batteries. P

MarketWatch
Personal Finance Daily
FEBRUARY 02, 2011

Wednesday's Personal Finance Stories

By MarketWatch




Don't miss these top stories:
A massive storm is battering people from Texas to New England; were you prepared for the bad weather and all the potential problems it can bring? As MarketWatch's Maggie McNeil writes in her story, the blizzard that caught her and her husband off-guard a year ago taught her a few lessons in preparedness. Read her story for tips on how to make sure you're ready for whatever weather heads your way.

Read Anya Martin's piece to find out why it's important to get some specifics on what type of allergy it is.

Plus don't miss Robert Powell's column on what the turmoil in Egypt means for your portfolio and for investing in emerging markets in general.

I almost hate to tell you this, but today in the San Francisco Bay Area it's sunny and warm, with temperatures expected to hit the high 60s by the weekend. Then again, Maggie's storm-preparation tips are equally useful for preparing for an earthquake ...

Andrea Coombes , Personal Finance editor

WICKED WEATHER

Storm outlook: Get fuel, water, lots of batteries

You may think you're ready for bad weather, but ferocious winter storms can undermine your comfort and safety if you aren't well prepared.
Read more: Get fuel, water, lots of batteries


Another ‘storm of the century'

This blizzard is the latest broadside in winter's barrage. Aside from falling on Groundhog Day, this storm's distinguishing feature is its breadth, stretching from Texas and the Great Plains through Chicago and the Midwest before setting its sights on eastern Canada, the Northeast and New England. Yes, again, New England.
See slide show: Another ‘storm of the century.'


Australia's cyclone in pictures

Cyclone Yasi hits Australia's eastern coast late Wednesday. It is described as the most powerful storm in a generation on the continent.
Read more: Australia's cyclone in pictures.


CONSUMERS

Which way will interest rates go on credit cards, mortgages?

Consumers have been paying sharply higher interest rates on credit cards even as their savings accounts and CDs offer next to nothing. Bankrate.com's Greg McBride talks with MarketWatch's Andrea Coombes about where interest rates headed.
Watch video: Which way will interest rates go on credit cards, mortgages?


HEALTH CARE

Knowing your allergies can save your life

An allergy to natural rubber latex may trigger a life-threatening reaction — including breathing difficulties, increased heart rate and low blood pressure — or it may simply cause an ugly, itchy, red rash. Clarifying which type of allergy you have may save your life.
Read more: Knowing your allergies can save your life.


INVESTING

What Egypt's turmoil means for your portfolio

Most people understand the historic nature of the events unfolding in the Mideast. What might be less evident is what it all means for your portfolio, especially if some of your investments are allocated to that part of the world.
Read more: What Egypt's turmoil means for your portfolio.


Commentary: Don't bet on Super Bowl Indicator

Only superficially does the famous Super Bowl Indicator have statistical support in the historical data. After all, there are lots of things that are highly correlated with the stock market that have nothing to do with it.
Read more: Don't bet on Super Bowl Indicator.


ENTERTAINMENT

Commentary: Dear Dan Rather, take the high road

Something awful is happening to Dan Rather.
Read more: Dear Dan Rather, take the high road.


THE JOB MARKET

U.S. private-sector jobs up 187,000: ADP

Private-sector employment rises in January, and "strength was evident" in all major industries and sizes of business, according to Automatic Data Processing report.
Read more: U.S. private-sector jobs up 187,000.


Job growth is weak due to lack of demand

The slow pace of job growth is no surprise, given that total demand in the economy is still $1 trillion below where it could be.
Read more: Job growth is weak due to lack of demand.


ECONOMY & POLITICS

Crowded Republican field bodes well for Obama

The burgeoning free-for-all for the 2012 Republican presidential nomination reflects a party riven by a tug of war between ideological purists and political pragmatists, and increases President Obama's chances for reelection.
Read more: Crowded Republican field bodes well for Obama.


Treasury to auction $72 billion next week

The Treasury's quarterly refunding will entail selling the same amount of debt as in the last refunding of 2010. Facing a dismal budget outlook, the government is mulling new debt instruments, including callable bonds, floating rate bonds and bonds with maturities longer than 30 years.
Read more: Treasury to auction $72 billion next week.


War and peace: The flip side of fiscal policy

For every action, it would seem, we can expect an outsized reaction in return; if this past decade of bubbles and busts taught us anything, it's that excess breeds excess.
Read more: War and peace: The flip side of fiscal policy.


PERSONAL TECH

News Corp. launches The Daily on iPad

News Corp. on Wednesday launched its long-awaited, iPad-based electronic newspaper, The Daily, in the latest attempt to adapt newspapers to an increasingly mobile digital audience.
Read more: News Corp. launches The Daily on iPad.


INTERNATIONAL

Referendum gives southern Sudan new start

Southern Sudan's vote to secede creates a new African nation, but will it create a new reality for the country's people, who have suffered from decades of war, deprivation and underdevelopment?
Read more: Referendum gives southern Sudan new start.


Japan's leaders need a team-building lesson

Headstrong individuals overcome their differences, work together as a team and help Japan emerge triumphant in the Asia-Pacific region.
Read more: Japan's leaders need a team-building lesson.

Financial & Forex Info News: S&P 500 ends lower after recent gains | Reuters Daily Investor Update

FINANCIAL & FOREX INFO NEWS


REUTERS - DAILY INVESTOR UPDATE



LATEST NEWS
S&P 500 ends lower after recent gains
NEW YORK (Reuters) - The S&P 500 index ended lower on Wednesday, with charts suggesting the index's five-month rally was growing long in the tooth. | Full Article

Visa quarterly profit rises 16 percent
February 02, 2011 04:14 PM ET
NEW YORK (Reuters) - Visa Inc's quarterly profit rose 16 percent to $884 million, as consumer spending ramped up and the company processed more transactions abroad. | Full Article
Private sector jobs gains beat forecasts
February 02, 2011 12:57 PM ET
NEW YORK (Reuters) - U.S. private employers added more jobs than expected in January, the 12th consecutive month that companies took on staff, adding to hopes that the weak American labor market is slowly improving. | Full Article
News Corp bets on iPad for future of news
February 02, 2011 04:29 PM ET
NEW YORK (Reuters) - Rupert Murdoch, among the most ardent defenders of the traditional press, has staked his reputation on a risky bet that for just 14 cents a day he can save the news business with tablet devices like Apple's iPad. | Full Article
Euro zone closer to new anti-crisis package
February 02, 2011 11:17 AM ET
BERLIN (Reuters) - Germany and France have reached a consensus on steps to boost economic coordination within the euro zone as part of a comprehensive anti-crisis package that will also see the scope of Europe's bailout fund bolstered. | Full Article

NYT: Afternoon Business News: Financial Disarray at S.E.C. Hurts Bid for Bigger Budget

 

BUSINESS

Financial Disarray at S.E.C. Hurts Bid for Bigger Budget

By EDWARD WYATT
The agency responsible for guaranteeing the soundness of financial markets argues that it needs more money, but it comes up short in basic accounting.

Shippers Concerned Over Possible Suez Canal Disruptions

By CLIFFORD KRAUSS
Several shipping companies to order their ships not to change crews in Egypt, while disruptions in port services have slowed the discharge of some cargo at the Red Sea port of Ain Sukhna.
Media Decoder Blog

Debut of The Daily iPad App

By JEREMY W. PETERS and BRIAN STELTER
'The Daily,' unveiled on Wednesday, combines print, video and graphics.
Small-Business Guide

How to Make Your Business Greener (and Save Money)

By JIM WITKIN
Many business owners are learning that they can cut costs by adopting energy-saving actions for lighting, equipment, heating, air-conditioning, transportation and water use.

Portugal's Borrowing Costs Drop Amid Optimism About Debt Crisis

By MATTHEW SALTMARSH
Analysts cite growing expectations that European policy makers will create a more robust mechanism to assist indebted countries in coming months.

Why does Fresno have thousands of job openings - and high unemployment? The Washington Post Afternoon Edition: Today's Headlines Most Read Articles

Washington Post


1) Plastic pellet incident at Va. school ends in expulsion, assault charges

Andrew Mikel II admits it was a stupid thing to do. In December, bored and craving attention, the 14-year-old used a plastic tube to blow small plastic pellets at fellow students in Spotsylvania High School. In one lunch period, he scored three hits.

2) Redskins owner Dan Snyder seeks dismissal of City Paper writer

There's no question Redskins owner Dan Snyder had a few problems with a cover story about him in Washington's City Paper in November.

3) Demonstrations turn violent as pro-Mubarak crowd clashes with protesters

CAIRO - The Egyptian army called Wednesday for an end to the mass demonstrations that have shaken President Hosni Mubarak's grip on power. Instead, the protests turned bloody, as anti-government crowds were confronted by what appeared to be a coordinated group of Mubarak supporters.

4) Mental health specialist recommended WikiLeaks suspect not be deployed to Iraq

A mental health specialist recommended that the Army private accused of leaking classified material to the anti-secrecy Web site WikiLeaks not be deployed to Iraq, but his immediate commanders sent him anyway, according to a military official familiar with a new Army investigation.

5) Why does Fresno have thousands of job openings - and high unemployment?

FRESNO - This city is grappling with one of the most troubling contradictions of the new economy: Even as it has one of the nation's highest unemployment rates, it has thousands of job openings.

6) The inevitable conclusion to Project: Boyfriend

Dear Carolyn: How do I put on the brakes with a girl who wants more from me than I want from her? I told her on our first date that I am not looking for anything "serious." I don't have the time or the energy to invest in an intense relationship right now. She said she understood but has proceede...

7) Much of nation's recent growth may have been a mirage

Last weekend, I was invited to sit in on an unusual retreat attended by top political, business, labor and civic leaders in Massachusetts. Although that state is in better economic shape than most others, it is facing most of the the same problems - anemic job growth, looming budget crises for st...

8) Midwest buckles under winter storm, calls it a snow day

CHICAGO -- A massive storm billed as the worst in decades barreled toward the northeast Wednesday, leaving vast swaths from Chicago to New York paralyzed by snow and ice, stranding hundreds of motorists all night and shuttering airports and schools.

9) What Obama could learn from California's Jerry Brown

Maybe not, but Obama would benefit from a dose of his candor.

10) Bloomberg challenges Obama on gun control

New York Mayor Michael Bloomberg is demanding the Obama administration increase enforcement of the nation's gun laws, escalating his longtime push on the issue in the wake of the last month's shooting rampage in Arizona.

What Obama could learn from California's Jerry Brown: The Washington Post Afternoon Edition - Most Read Opinion Columns

Washington Post


1) What Obama could learn from California's Jerry Brown

Maybe not, but Obama would benefit from a dose of his candor.

2) Can Jay Carney hack it as top flack?

Will the new White House spokesman get tough with the hacks?

3) Egypt protests show George W. Bush was right about freedom in the Arab world

For decades, the Arab states have seemed exceptions to the laws of politics and human nature. While liberty expanded in many parts of the globe, these nations were left behind, their "freedom deficit" signaling the political underdevelopment that accompanied many other economic and social maladie...

4) The Arab revolution grows up

The military is the right ally for protesters seeking stability and change.

5) How to achieve real reform in the Arab world

Political changes that leaders should gradually adopt.

6) Science, yes. But don't forget the poor

Obama should not prioritize science over helping struggling citizens.

7) Editorial: Can change really take place while Hosni Mubarak remains in office?

HAD EGYPTIAN PRESIDENT Hosni Mubarak announced two weeks ago what he said on Tuesday night - that he would not run for reelection and would accept constitutional amendments to make a presidential election more democratic - he might have been hailed for delivering a political breakthrough in his l...

8) Uncle Sam in the driver's seat

Disregard Barack Obama's rhetorical cotton candy about aspiring to be transformative. He is just another practitioner of reactionary liberalism and champion of a government unchastened by its multiplying failures.

9) A democratic Egypt or a state of hate?

The dream of a democratic Egypt is sure to produce a nightmare.

10) 'A Rosa Parks moment for education'

Guess who America's public schools are failing.

Financial And Forex Info News | It is just a scene of mass devastation | The Australian Capital Circle

FINANCIAL & FOREX INFO NEWS



Capital Circle Newsletter

It is just a scene of mass devastation
Cyclone Yasi slammed into North Queensland overnight, leaving a trail of destruction in its wake.

The thoughts of a nation are with the people of North Queensland today. We hope everyone in the path of tropical Cyclone Yasi stays safe.
The PM's day, per the press office: Julia Gillard is in Canberra and is expected to hold a press conference about Cyclone Yasi between 7am and 8am this morning.
News from the front: Early reports suggest the communities of Mission Beach, nearby Tully, and Innisfail, 50km north of ground zero, were the worst hit, experiencing category 5-rated winds.
The latest advice from the Bureau of Meteorology, issued at 4.49 AM, was that tropical Cyclone Yasi had been downgraded to a category 3-rated cyclone.
The Bureau states: Yasi is moving inland and weakening slowly, but remains a dangerous cyclone. It will continue to weaken as it moves in a west-southwesterly direction towards the Georgetown area during the morning. The VERY DESTRUCTIVE core, with gusts up to 205 km/h, is continuing to move
inland west of Cardwell towards the Georgetown area.
Rosanne Barrett files from Queensland this morning: The small town of Tully bore the full brunt of Yasi's crossing but both Townsville and Cairns were buffeted throughout the night. Wind gusts were up to 285kmph and power was lost to 185,000 homes. Local councillor Ross Sorbello told the ABC the sugar town struck fear into the community.
"I would say Tully is totally devastated," he said. The cyclone - continuing with gusts up to 205kmph - continues to head southwest toward Georgetown, about 340km inland, where it is expected to hit about 9am. Rain continues to fall in the far north but the full extent of the damage will not be known until daybreak.
Destructive winds are continuing between Innisfail and Townsville, of speeds up to 125kmph, inland to Georgetown. Damaging winds with gusts to 90kmph continue to hit the coast between Cape Tribulation and Proserpine.
Police have advised people concerned about family and friends to contact the evacuation enquiry line on 1300 993 191 in Queensland, or 07 3055 6220 from interstate.
Yasi is far from done with north Queensland.
Read more...

Forex Market Update: Spanish Jobless Claims Surge

Forex Market Update
Wednesday, February 2, 2011, 09:06

Economic News
The number of people applying for jobless benefits rose sharply last month led by rising unemployment in the service sector, the government said on Wednesday. Full Article
Iceland's central bank lowered its benchmark collateralized lending rate by a quarter point to 4.25% as inflation eased significantly and stayed below target. Full Article
The Bank of England may need to act on interest rates if commodity prices continue to rise, Deputy Governor Charles Bean said Wednesday. Full Article
Germany needs to make concessions in the harmonization of fiscal and labor policies as well as the pension system, Spanish Prime Minister Jose Luis Rodriguez Zapatero said Wednesday. Full Article
Bank of England must steadily increase interest rates now to avoid a sudden and heavier rise down the line, that would "jolt" the recovery, Bank of England monetary policy committee member Andrew sentence said in an interview to the City A.M. Full Article
Suggesting solid U.S. private sector job growth heading into the New Year, payroll processor Automatic Data Processing, Inc. (ADP) released a report on Wednesday showing that private sector employment increased by more than expected in the month of January. Full Article
Forex Top Story
Eurozone producer prices rose at the fastest pace in more than two years due to higher energy prices, raising the region's inflationary woes. Full Article
The British construction sector recovered in January after poor weather conditions dampened activity in the previous month, a survey by Markit Economics showed Wednesday. Full Article
All eyes will be on the European Central Bank as its Governing Council is set to announce its interest rate decision on Thursday, as the euro zone battles rising inflation pressures amid the resurfacing of the debt crisis in peripheral economies. Full Article
Japan is likely to emerge from its economic lull shortly and is heading towards exiting deflation, Bank of Japan policy board member Hidetoshi Kamezaki said Wednesday. Full Article
Commodities
The price of gold moved down Wednesday morning amid a mixed U.S. dollar. Full Article
The price of crude oil was little changed Wednesday morning as traders await the official crude oil inventories report from the EIA. Full Article
Political News
New Zealand is to go to the polls on November 26, Prime Minister John Key said Wednesday signaling a break with the nation's political tradition in which election dates are not announced until the last minute by incumbent premiers. Full Article
Swiss Authorities have effected a freeze on accounts held by Haiti's Former leader Jean-Claude Duvalier alias "Baby Doc" under a recently promulgated law, reports said on Tuesday. Full Article
In an apparent move to appease the anti-government protesters who demand his resignation, Yemeni President Ali Abdullah Saleh has assured that he will not seek another term in office or hand power to his son. Full Article
The United States can indeed win the war against Taliban-led Islamist insurgents in Afghanistan without Pakistani support, Deputy commander of US forces in Afghanistan has been quoted as saying in media reports on Tuesday. Full Article
The US State Department has said that around 1,600 U.S citizens and their family members have been evacuated from Egypt in an operation that began on Monday. Full Article
Analyst Currency Comments
Westpac analysts noted on Wednesday that the U.S. dollar's slide helped Asian currencies to gain by various degrees. However, the firm expects trading to lighten from here heading into the Chinese New Year holiday period. Full Article
Currency Alerts
The dollar was stuck in the mud on Wednesday, unable to pare much of its steep recent losses amid expectations of a wider interest rate gap between the U.S. and other major nations. Full Article
Wednesday morning in Asia, the yen dropped to multi-day lows against most major currencies as a rise in Asian stocks amid some encouraging U.S. economic data and earnings reports prompted traders to sell the lower-yielding Japanese yen and to buy higher-yielding assets. Full Article
During early Asian session on Wednesday, the euro strengthened to near a 3-month high against the US dollar, 2-day high against the pound and a 5-day high against the yen as traders opted for riskier assets on upbeat manufacturing PMI reports from major economies.Full Article
In European deals on Wednesday, the pound rose sharply against other major currencies after a report showed at 4:30 am ET that U.K.'s construction sector expanded more than expected in January. The pound rose to near a 3-month high against the dollar and a 5-day high against the yen. Full Article
General News
Normal life across a third of United States has been hit as a major winter storm lashed America's mid-west on Tuesday, and storm warnings are being issued in some 30 other states, reports said. Full Article
The annual meeting of the US President's Inter-agency Task Force to Monitor and Combat Trafficking in Persons has decided to launch a set of new initiatives, reaffirming the Obama Administration's commitment in the fight against modern slavery in the United States and around the world. Full Article
The U.S. Department of State has released the Fiscal Year 2010 Annual Adoption Report. Full Article
Somali pirates have released a Taiwan fishing boat along-with its 28-member crew nearly eight months after it was hijacked off the coast of the Maldives. Full Article
As many as nine people, including a woman and two children, have been killed and 24 others injured in a massive car bomb blast that tore through a bustling market place in Pakistan's volatile north-western region, reports said. Full Article