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Jun 10, 2013

"...Then You, My Friend, Are Anonymous." ; June 10, 2013.

NSA leaks overshadow Bradley Manning trial: RT America; June 10, 2013.

How To Spot trading Opportunities In Forex: Forex Articles; June 10, 2013.

How to spot trading opportunities in forex

By Zoe Fiddes, easy-forex

When buying stocks and bonds, the goal is to profit from dividend and interest income and appreciation in value. In the forex market you buy or sell currencies which are traded in pairs, with the goal of trying to profit from appreciation or depreciation of one currency versus the other. Knowing when to buy or sell a currency may appear daunting for those unfamiliar with the forex market but there are some basic guidelines forex traders use to spot trading opportunities.

To spot trading opportunities, most traders rely on fundamental or technical analysis or a combination of the two. Fundamental analysis includes economic data, political developments, central bank monetary policy decisions and global events. Technical analysis focuses on forecasting based on market price action using a number of methods to interpret chart patterns and identify market direction.

Fundamental analysis usually begins with an economic calendar. Currency markets tend to make price moves in reaction to economic reports as they are the main barometer of a country’s economic health. Forex trading platforms like easy-forex provide economic calendars which include regularly scheduled economic releases from all the major developed economies and help to determine the importance of these economic reports and potential impact on the currency markets. Fundamental analysis will also look at issues of political stability and changes in central bank monetary policies which can significantly impact currency price moves.

For the past four years, price movement in most financial markets including stocks, bonds and currencies, have been greatly influenced by risk sentiment. When risk aversion rises, traders may liquidate positions in riskier assets and shift funds to less risky assets, seeking safe haven in currencies like the US dollar (USD), Swiss franc (CHF), Japanese yen (JPY) and gold. The downgrade of the US debt rating and the EU crisis helped propel gold to a record high last year.

Conversely, when risk aversion subsides, there is greater demand for riskier assets and higher yielding currencies like the Canadian, Australian and Kiwi dollars. One of the best starting points to determine whether to buy or sell a currency is to monitor economic and global news that contribute to risk sentiment.

A recent example of this type of dynamic is the euro currency selling at a 16 month low versus the USD in reaction to concern about the EU debt crisis. Economic and regional news that shows escalation in the EU debt crisis may spark additional selling pressure of the euro. Positive news that dampens fears about the crisis may encourage buying of the currency.

Technical analysis usually starts with identification of chart patterns. There are a multitude of tools that are used to interpret chart patterns. Currency trading platforms like easy-forex provide free chart packages that can help spot technical buy and sell opportunities based on market price action.

Forex markets often move in identifiable long-term trends. Despite what many would consider negative economic fundamentals in Japan that include weak growth, low interest rates and a rising budget deficit, the JPY has been in a strong uptrend against the USD rising to an 11 year high in 2011. JPY is supported by safe haven demand and risk aversion. Technical analysis can be used to spot a trading opportunity and help gauge if the trend for the USD/JPY will continue.

Zoe Fiddes

UK Branch Manager


Disclaimer: Please note that forex trading (OTC trading) involves substantial risk of loss, and may not be suitable for everyone. The information provided is based on data generated by third party investment research providers. easy-forex® does not assume any liability as to the accuracy of such information. This information shall be used for reference only and it is not binding on easy-forex. This is not an advertisement or a recommendation by easy-forex in engaging / binding you in any forex transactions.

The New York Times: ALERT FGC BOLSA - FGC FINANCIAL MARKETS: ALERTS, June 10, 2013: Obama Names Longtime Aide as His Chief Economic Adviser



Compiled: June 10, 2013 08:39:29 PM

Obama Names Longtime Aide as His Chief Economic Adviser
Jason Furman, 42, had a large role in developing the government’s response to the economic crisis.

Hong Kong Seen as Likely to Extradite Leaker if U.S. Asks: The New York Times Global Update; June 10, 2013.

June 10, 2013
Compiled 20:45 GMT

Global Update


Hong Kong Seen as Likely to Extradite Leaker if U.S. Asks

Edward J. Snowden, who admitted disclosing secrets about the United States' surveillance programs, chose a refuge where it may be possible to delay extradition but not to avoid it.
The Lede

The Stickers on Edward Snowden's Laptop

Edward Snowden, the former National Security Agency contractor who leaked information about the scope of American government surveillance, adorned his laptop with stickers showing support for two digital privacy groups.

Britain Says It Follows Law in Gathering Intelligence

William Hague, the British foreign secretary, will address Parliament on Monday concerning claims that Britain had access to a secret American intelligence-gathering system.

Video: An Exclusive for Britain's Guardian

The Times's Christine Haughney on how the eavesdropping news has affected the Guardian, the newspaper that broke the story.

Op-Ed Contributors

Delivering Water From Disaster

A harrowing panorama of our conflicted relationship with water is unfolding in sensational spills and millions of misguided decisions.

Resisting by Raising a Glass

Drinking has become intertwined with broader complaints in Turkey, where Prime Minister Recep Tayyip Erdogan has said that "religion demands" curbs on alcohol.

Turkish Leader Agrees to Meet Protest Organizers

It was the first sign that Prime Minister Recep Tayyip Erdogan was willing to engage in a dialogue with the leaders of the protest.

North Korea's Recalcitrance Looms Over Talks With South

Officials of both nations will meet in Seoul this week for their first high-level dialogue in six years amid signs that North Korea's traditional ally, China, has grown frustrated with its troublesome ward.

Apple Unveils New Look for Mobile Devices

The company introduced a redesign of iOS, its mobile software system, and upgrades for some Mac computers.

A Wily Banker Reaches the Top in Greece

As financial oversight increases in Greece, Michael Sallas has thrived in a freewheeling business culture as head of Piraeus Bank.

Data-Driven Tech Industry Is Shaken by Online Privacy Fears

In Silicon Valley, dismay at revelations about government monitoring has led some to call for disclosure of companies' involvement.
Bits Blog

Google Close to Acquiring Waze, a Rival in Maps

The search giant, already a power in maps, is expected to pay more than $1 billion, people familiar with the discussions said.
Gadgetwise Blog

An iPad 5 Case Hints at Design Changes

The new iPad 5 case from Gumdrop hints at design changes of the as-yet-unannounced iPad.

Social Media Product Plugs Draw Scrutiny

The Federal Trade Commission wants to better distinguish the blurred line between celebrity endorsements and mere appreciation.

Tire Problems? Not at Canadian Grand Prix

Sebastian Vettel won the race to expand his lead in the standings, while no one was blaming Pirelli for their finish this time around.

Talent Runs Deep in 2 Different Families

They are two sets of brothers, born into sporting families. Their game is soccer -- but their movement, their touch on the ball and the very essence of their approach is different.

Johnson Unchallenged at Pocono Raceway

Jimmie Johnson dominated at Pocono Raceway in Long Pond, Pa., to earn his third Nascar Sprint Cup victory of the season.

After Drought, Rains Plaguing Midwest Farms

In many areas of the Midwest, one extreme has given way to another, as flooded pastures have delayed planting or washed away young shoots.

Ex-Worker at C.I.A. Says He Leaked Data on Surveillance

A British newspaper identified its source as Edward Snowden, a former C.I.A. employee who has worked at the National Security Agency as a contractor.

Leaker's Employer Is Paid to Maintain Government Secrets

Booz Allen Hamilton has become one of the largest and most profitable firms in the United States almost exclusively by serving one client: the government.
Op-Ed Columnist

Affirmative Reaction

Five reasons to rethink diversity in higher education.
Op-Ed Columnist

The Big Shrug

Depression becomes the new normal.

CNBC Top News and Analysis, June 10, 2013.

CNBC Top News and Analysis

Economix The Booz Allen Economy: The New York Times: ALERTS FGC BOLSA - FGC FINANCIAL MARKETS; June 10, 2013.



Compiled: June 10, 2013 06:08:09 PM


The Booz Allen Economy
Booz Allen Hamilton, the government contractor whose employee acknowledged leaking national security documents, is in a way illustrative of Washington’s economic boom in recent years. 

U.S. stocks end with Dow loss, Nasdaq gain: Wall Street at Close Report by MarketWatch; June 10, 2013.

By Victor Reklaitis, MarketWatch 
NEW YORK (MarketWatch) U.S. stocks ended a choppy session little changed on Monday after Standard & Poor’s Ratings Services revised its U.S. credit-rating outlook to stable from negative and consumer shares lost ground. 

After swinging between gains and losses during the session, the Dow Jones Industrial Average DJIA -0.06%  finished down 9.53 points, or 0.06%, to 15,238.59, with 14 of its 30 components in positive terrain. 

Is Facebook compelling?
Stifel Nicolaus analyst Jordan Rohan upped his investment rating on the social network to buy from hold, saying the company represents “one of the most compelling investments in the Internet sector right now.” He joins digits. 

Walt Disney Co. DIS -1.57%  fell 1.6%, the biggest decliner in the Dow.
The blue-chip index had rallied more than 200 points on Friday. 

Among Dow gainers, McDonald’s Corp. MCD +1.27%  added 1.3% after it posted stronger-than-expected same-store sales for May. The fast-food giant is benefiting from its expanded menu.
The S&P 500 SPX -0.03%  dipped 0.57 point to end at 1,642.81, with consumer discretionary the biggest laggard and telecommunications the biggest gainer among its 10 major industry groups.
The Nasdaq Composite COMP +0.13%  gained 4.55 points, or 0.1%, to finish at 3,473.77. 

Before the market open Monday, Standard & Poor’s revised its credit-rating outlook for the U.S. to stable from negative, indicating the likelihood of a near-term downgrade is less than one in three. S&P also affirmed its AA+/A-1+ sovereign-credit ratings for the U.S. 

Reuters Enlarge Image
Shares of Walt Disney Co. fell the most on the Dow average Monday.
In Montreal, St. Louis Federal Reserve President James Bullard said that improved labor-market conditions suggest the Fed could slow the pace of bond purchases, but surprisingly low inflation may mean the Fed can maintain its aggressive program over a longer time frame.
Investors are closely monitoring data and Fed speeches for any clues as to when the central bank may start scaling back its $85 billion in monthly bond purchases.
Last week, U.S. stocks staged an upside reversal to close higher for the week, helped by the government’s May employment report. Stocks had suffered weekly losses for two straight weeks, but then last week the S&P 500 found buyers at its 50-day moving average for the third time this year.
Bruce Bittles, chief investment strategist at R.W. Baird, suggested on Monday that the market is digesting its advance at the end of last week. He told MarketWatch that he expects the S&P 500 to stay in a trading range between about 1,600 and 1,660 until the Fed’s June 18-19 meeting. 

The central bank won’t make a policy change at that meeting, according to Bittles, but the uncertainty around the meeting will be enough to keep stocks range-bound. Bittles noted the May jobs report had some less-than-impressive aspects, such as a loss in manufacturing jobs and a downward revision to April’s numbers. 

“We have not even approached escape velocity. The Fed is going to keep on keeping on, as far as I’m concerned,” he said. Bittles said it’s hard to figure out the effect of Monday’s S&P outlook news, noting that Treasurys actually rose in 2011 when S&P downgraded its credit rating for the U.S. 

Brian Belski, chief investment strategist at BMO Capital Markets, described the recent jobs report as “not too hot, not too cold.” In other words, it hit the sweet spot that many strategists had been looking for

Belski said in an interview Monday that he remains in the “correction camp” in the near term. He said there needed to be a washout of “some of the recent buyers who have been chasing performance” after missing out on earlier stock gains. But on a longer-term basis, he said he’s “very bullish” on equities, especially U.S. stocks. 

Mark Luschini, chief investment strategist at Janney Montgomery Scott, said there’s a “void of economic information” at the moment, so the market on Monday was still reacting a little to the positive news from last week. 

Luschini said the market is getting “a little Fed-governor-speak fatigue.” The central bank’s officials have been delivering speeches frequently and not providing a clear message, probably deliberately, he said. 

Among tech stocks, Apple Inc. AAPL -0.66%  slipped 0.7%. At its Worldwide Developers Conference on Monday, the company unveiled its latest mobile-operating system, a new music-streaming service called iTunes Radio and updates to its line of MacBook computers. 

Google Inc. GOOG +1.19%  rose 1.2% after reports that the Internet-search giant was close to reaching a $1.1 billion deal to buy Israeli map-software provider Waze

Facebook Inc. FB +4.46%  rallied 4.5% after Stifel upgraded the social network’s shares to buy.
Monsanto Co. MON +4.53%  was among the top gainers in the S&P 500. It rose 4.5% after an upgrade from Macquarie analysts

For-profit educator Apollo Group APOL +4.41%  was another big winner in the S&P 500, advancing 4.4%. It might be getting a boost from talk that the for-profit-schools sector is fertile ground for bargain hunting

In the home-building sector, J.P. Morgan downgraded Lennar Corp. LEN -3.34%  to neutral from overweight, saying that the valuation “appropriately reflects above-average fundamentals.” Lennar shares dropped 3.3%. Among other home builders, D.R. Horton Inc. DHI -2.12%  fell 2.1% and PulteGroup Inc. PHM -1.99%  slipped 2%. 

Stocks in Tokyo rallied Monday after a three-session loss, with the Nikkei Stock Average JP:NIK +4.94%  finishing 4.9% higher at 13,514.20, backing further away from bear territory, as the yen weakened. Japanese equities benefited from an upward revision to Japan’s first-quarter GDP figure to 4.1% growth

Victor Reklaitis is a New York-based markets writer for MarketWatch. Follow him on Twitter @VicRek.

DealBook P.M. Edition; June 13, 2013: Booz Allen's Role in N.S.A. Case Puts Spotlight on Carlyle

Monday, June 10, 2013

Booz Allen's Role in N.S.A. Case Puts Spotlight on Carlyle The controversy over Edward J. Snowden and his leaks about confidential surveillance programs at the National Security Agency - where he worked on assignment - has brought some attention to Booz Allen Hamilton's majority owner, the Carlyle Group.
    JBS of Brazil in $2.7 Billion Deal JBS, already the world's biggest beef producer, says the acquisition will make it the largest poultry company in the world.
    White Collar Watch: Want to Commit Insider Trading? Here's How Not to Do It A person in Thailand, who has been accused of insider trading related to Smithfield Foods, used quite a few techniques that were bound to attract the attention of regulators, Peter J. Henning says.
    Nomura Adds 6 Bankers to Its Americas Arm Nomura of Japan said on Monday that it had hired several senior bankers to take various posts at its investment bank as the firm continued to expand its presence in the Americas.
    Deloitte Buys Assets of a Boutique Bank Deloitte says the deal for McColl Partners, an advisory-focused investment bank founded by Hugh L. McColl Jr., will bolster its position as a leading adviser to middle-market transactions.
    Exide, a Big Maker of Car Batteries, Files for Bankruptcy The battery maker will seek to repair its finances amid rising costs for materials and the shutdown of an important operation.
    AstraZeneca in Deal for Pearl Therapeutics Worth Up to $1.15 Billion The acquisition is part of efforts by AstraZeneca to restock its drug pipeline after its established products have come under threat from makers of generic drugs.
    Bidders for British Utility Threaten to Walk Away From Offer The battle for control of the water utility Severn Trent continued after the investment group that offered $8.2 billion to buy the company said it would walk away unless Severn Trent entered into discussions.
    Buzz Tracker
    2 Canadian Firms to Buy European Movie Theater Operator The private equity firm Doughty Hanson is selling Vue Entertainment for $1.45 billion. Omers Private Equity and Alberta Investment Management will acquire assets that include almost 150 cinemas across Europe, with operations in countries including Ireland, Britain, Germany and Poland.
    Economic Reports Data to be released on Tuesday include wholesale trade inventories, job openings and labor turnover, and the Small Business Optimism Index from the National Federation of Independent Business.
    Corporate Earnings Companies scheduled to release quarterly reports on Tuesday include Prada.
    In the United States On Tuesday, Boeing will issue its forecast for the commercial jetliner market, and the Senate is expected to start debating immigration legislation.
    Overseas On Tuesday, the Bank of Japan will announce its decision on interest rates, Britain will report on industrial production, and the European Union will issue an action plan for the steel industry.

Stocks End Flat in Choppy Session; Apple Slips: Wall Street at Close Report by CNBC; June 10, 2013.

Stocks closed narrowly mixed in choppy trading Monday, as investors seemed to take a breather following last week's sharp rally and amid worries over when the Fed might scale back its stimulus program.
Name Price
Change %Change
DJIA Dow Jones Industrial Average 15238.59
-9.53 -0.06%
S&P 500 S&P 500 Index 1642.81
-0.57 -0.03%
NASDAQ Nasdaq Composite Index 3473.77
4.55 0.13%

The Dow Jones Industrial Average closed slightly lower, after soaring more than 200 points on Friday. The blue-chip index traded in a narrow 89-point range.

The S&P 500 and the Nasdaq finished flat. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded above 15.

Among key S&P sectors, telecoms led the gainers, while industrials lagged.
 Bubble Market Warning Flares Discussing the 5 telltale warning flares of a "bubbly market," with CNBC's Herb Greenberg, and Peter Atwater, Financial Insyghts. "It's striking to see bond funds aggressively adding equities," says Atwater. 
The ratings agency raised the U.S. sovereign credit outlook to "stable" from "negative," with a current rating of AA , adding that the likelihood of a near-term downgrade is "less than one in three." "Under our criteria, the credit strengths of the U.S. include its resilient economy, its monetary credibility, and the U.S. dollar's status as the world's key reserve currency," according to the S&P. "Similarly, in our view, the U.S.'s credit weaknesses, compared with higher rated sovereigns, include its fiscal performance, its debt burden, and the effectiveness of its fiscal policymaking." (Read More: Every Major Asset Class Is Overpriced: Analyst) "Anytime we see something positive on the U.S. fiscal situation or the global economy, the market will see a blip—good news continues to be bad news in relation to the equity market," said Keith Bliss, senior vice president at Cuttone & Co. "The Fed has a delicate situation in front of them—can the market really sustain a pared-back support level and if the Fed does decide to scale back, how elegantly can they do it?" Stocks whipsawed in the last several weeks as investors continued to question when the Federal Reserve could begin to taper its asset-purchase program. Most recently, St. Louis Fed President James Bullard said labor market conditions have improved since last summer, suggesting the central bank could slow the pace of purchases, though the low inflation readings may mean the Fed can maintain its program for a longer time frame. Bullard is a voting member of the Fed's policy-setting committee this year. Last week, the non-farm payroll report showed the U.S. added 175,000 jobs in May, indicating the economy was expanding modestly, but not enough to convince the Federal Reserve to pare back its bond-buying program. Apple introduced a new operating system and unveiled new MacBook Air models. In addition, the company introduced the iTunes radio, a free Internet radio service featuring over 200 stations. Meanwhile, Pandora shares dropped following the news. Apple shares were volatile following the announcements. ( is live blogging the event.) Facebook rallied after Stifel Nicolaus raised its rating on the social-networking giant to "buy" from "hold," adding that the company presents "one of the most compelling investments in the Internet sector right now," as the fears of declining engagement and poor ad efficacy have already been discounted into shares. Intel edged higher after Jefferies raised its price target on the chipmaker to $27 from $24.
Is US Economy on the Right Track? Former Continental CEO Gordon Bethune discusses the health of the U.S. economy and shares his greatest concerns. 
Elsewhere in the tech sector, Google could pay more than $1 billion for navigation and traffic application Waze, sources familiar with the negotiations told Reuters. McDonald's rose after the fast-food giant said its global same-store sales gained 2.6 percent in May, thanks to its expanded offerings for late-night breakfasts, modified menu options, and benefited from advertising value-priced meals. Lennar slumped to lead the S&P 500 laggards after JPMorgan cut its rating on the homebuilder to "neutral" from "overweight." Other homebuilders including Pulte and DR Horton also traded lower. Among pharmaceuticals, Elan rejected a takeover bid from Royalty Pharma and will evaluate inquiries from other prospective buyers. Meanwhile, AstraZeneca gained after the company said it will buy privately-held U.S. drugmaker Pearl Therapeutics in a deal worth up to $1.15 billion. Lululemon, Annie's and PepBoys are among notable companies to report earnings after the closing bell. Asian stocks rose on Monday with Japan's benchmark Nikkei closing up nearly 5 percent, rebounding from Friday's two-month closing low, thanks to a strong GDP revision and a weaker yen. The rally provided relief to investors, who have been on edge amid the recent volatility in Japanese stocks. Bank of Japan (BoJ) is scheduled to hold a two-day meeting later this week amid talk that it could announce some measures to curb volatility in the Japanese government bond (JGB) market. (Read More: Abenomics Success? Japan Revises Growth Upwards) Meanwhile, China reported weaker-than-expected trade data, slowing growth in fixed asset investments, and a big drop in producer prices. Australian and Chinese markets were closed for public holidays. Looking ahead, notable data from the U.S. this week include retail sales, weekly jobless claims, producer price index and consumer sentiment. —By CNBC's JeeYeon Park. Follow JeeYeon on Twitter: