Around The Net In Ten Posts – Friday June 29, 2012

Here is what I am reading: China to Trial Capital Account Conversion in Qianhai Zone (Bloomberg) How Italy and Spain Defeated Merkel at EU Summit (Spiegel Online) Silver’s split personality feeds steep price drop (MarketWatch) What Must Be Done Now to Save the Euro? (Economix) What’s In A Name? (Bill Gross) 10 Products America Makes…

Around The Net In Ten Posts – Wednesday June 27, 2012

Here is what I am reading: 9 Beliefs of Remarkably Successful People (Inc.) Draghi May Enter Twilight Zone Where Fed Fears to Tread (Bloomberg) Fighting Inflation, Ruining Economies (HBR Blog Network) Merkel Vows ‘No Euro Bonds as Long as I Live’ (Spiegel Online) UK economic outlook getting worse, warns Bank of England (The Guardian) Contagion in…

January Mid Month Break

This is a seasonal trading strategy based upon an idea from the Stock Trader’s Almanac. It is based upon the stock market’s tendency to retreat after the New Year – especially if there has been a strong fourth quarter. Almanac attributes this trend to profit taking. This also follows another seasonal idea – bullish Santa Claus Rally – at the…

Around The Net In Ten Posts – Tuesday June 26, 2012

Here is what I am reading: Leaders draft federal plan to save the eurozone (The Guardian) Macroeconomics: what is it good for? [a response to Diane Coyle]  (Jonathan Portes) The Disastrous Consequences of a Euro Crash (Spiegel Online) The Treasury won’t do the twist (MarketWatch) Germany Pressed to Scrap Senior Status on Spain Rescue Loans…

Around The Net In Ten Posts – Monday June 25, 2012

Here is what I am reading: A Spanish Leader Emerges as a Crusader for Austerity (Wall Street Journal) Germany to Confront United Euro Bloc at Summit (Bloomberg) Italy and the missed opportunity of euro “purgatory” (Reuters) A Long Wait to The Next FOMC Meeting (Tim Duy’s Fed Watch) How Europe Can Rescue Europe (Project Syndicate)…

Will EUR/USD Stick With Its Short Term Weekly Open Trend?

European crisis has been raging for some time and last few weeks have been very hectic. It has been quite bearish for EUR/USD generally. However, some recent weekends have been much better for the currency pair. In the last few weekends there were some significant events or meetings or announcements, which had positive impact on…

Fed Washes Its Hands Off Unemployment Mandate

The monetary policy objective of Federal Reserve Board is to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates. But, if after seeing Fed’s economic projections you find it hard to believe in its commitment to these objectives then you would be forgiven. Fed is projecting very high unemployment rate for the…