http://www.cnbc.com/id/38255206 World at Risk of Folding in on Itself: Deputy Doom
Friday, July 16, 2010
Thursday, July 15, 2010
Wall Street Reform Bill passes – Goldman fined 550M
http://news.yahoo.com/s/ap/us_financial_overhaul;_ylt=AurfNYgWXRUmAoGwT3cReVKs0NUE;_ylu=X3oDMTNsNWpwZWpsBGFzc2V0A2FwLzIwMTAwNzE1L3VzX2ZpbmFuY2lhbF9vdmVyaGF1bARjY29kZQNtb3N0cG9wdWxhcgRjcG9zAzEEcG9zAzIEcHQDaG9tZV9jb2tlBHNlYwN5bl90b3Bfc3RvcnkEc2xrA3NlbmF0ZWNsZWFycw--
WASHINGTON – Congress on Thursday passed the stiffest restrictions on banks and Wall Street since the Great Depression, clamping down on lending practices and expanding consumer protections to prevent a repeat of the 2008 meltdown that knocked the economy to its knees.
A year in the making and 22 months after the collapse of Lehman Brothers triggered a worldwide panic in credit and other markets, the bill cleared its final hurdle with a 60-39 Senate vote. It now goes to the White House for President Barack Obama's signature, expected as early as Wednesday.
http://www.businessweek.com/news/2010-07-15/goldman-sachs-to-pay-550-million-to-settle-sec-suit.html July 15 (Bloomberg) -- Goldman Sachs Group Inc. agreed to pay $550 million and change its business practices to settle U.S. regulatory claims it misled investors in collateralized debt obligations linked to subprime mortgages.
EES – PFG Webinar Archive
Topic: Automated Forex Systems for Spot FX-20100701 2033-2 Recording date: Thursday, July 1, 2010 4:15 pm Central Daylight Time (GMT -05:00, Chicago) Panelist Information: Elite E Services Duration: 42 mins
Overview:This presentation will explain how to use automated Forex systems in spot FX using the MT4 trading platform and the advantages of using a system vs. not using a system. We will cover an actual trading system, the DRS system; offered by Elite E Services FX; a registered CTA. This system, after explanation, will be available for lease or purchase to anyone interested.
Wednesday, July 14, 2010
Roubini to Obama: Stop kicking the can down the road
"We have to recognize that Americans are adults," Roubini said during a radio interview with Tom Keene on Bloomberg Surveillance. "Then we have to speak to them straightforward about the risks and challenges that we have, rather than kicking the can down the road."
Wednesday, July 7, 2010
“It’s T Time” – EES Releases DRS T for EES FX Subscribers
New features in DRS T:
- Individual vs. Group trailing stops
- Multiple trend entry filters (Bulls/Bears – Least Squares – Polynomial)
- Percent account lot size calculation
- Account protection
- Dynamic trailing stop
http://eesfx.com/portal/31-drs-t/148-drst-v2-new-version-good-results.html
http://eesfx.com/portal/31-drs-t/142-drs-t-live-demo-test.html
Information about DRS T is available free at http://eesfx.com – use of the EA is for subscribers only.
Tuesday, July 6, 2010
Sunday, July 4, 2010
Tuesday, June 29, 2010
Russian spy blunder – wrote down passwords
http://news.bbc.co.uk/2/hi/world/us_and_canada/10446390.stm The funniest aspect of the careers of the 10 alleged Russian "agents" arrested in the US is how inept they were - and how apparently unsuccessful.
They have not even been charged with espionage, only with not registering as agents, or representatives, of a foreign government and with money laundering.
…Another couple, "Donald Heathfield and Tracey Foley", the "Boston Conspirators", also seem to have been doing rather too well. Their accounting of $64,000 (£42,500) given to them reads like the expenses of a British MP - "meals and gifts $1,250"; "education $3,600"; "business (cover) $4,900" etc.
http://www.bloomberg.com/news/2010-06-29/u-s-espionage-claims-recall-cold-war-spy-mania-russian-government-says.html The U.S. Justice Department's claims that it broke up a Russian spy ring are "regrettable" and reminiscent of the Cold War at a time when relations are improving, Russia's Foreign Ministry said.
"Such actions are completely unfounded and serve unseemly goals," the ministry said today on its website. The allegations are "in the spirit of cold war spy mania," according to the statement.
YOU SPYING ON ME? - 'Invisible ink', coded messages... - Ring's 'femme fatale'... - Moscow calls claims 'baseless and improper'... - Busted!
FBI used high-tech spycraft...
Sunday, June 27, 2010
EES releases MT4 trade replicator
EES announces the release of MT4 trade replicator, which allows the replication of trades from one MT4 account to another. It will be included in the EES FX subscription for $99/month, including other EES strategies. For more information, click here: http://eesfx.com/portal/elite-expert-trader/ees-trade-replicator.html
Thursday, June 24, 2010
Yen, Dollar Strengthen on Speculation Global Economic Recovery Sputtering
http://www.bloomberg.com/news/2010-06-24/japanese-yen-advances-as-federal-reserve-data-fan-concern-growth-falters.html The yen and the dollar gained against most major counterparts as signs the global economic recovery is faltering fueled demand for the safest currencies.
The Japanese currency remained the top performer among the most-traded currencies even after data showed U.S. jobless claims declined last week. Stocks fell on concern Europe's debt crisis is worsening. Federal Reserve officials said yesterday financial conditions have become "less supportive" of growth and a report showed new home sales fell in May to a record low.
"People are still sort of weary to put on new risk positions, so you're seeing things drift into the safe havens," Brian Kim, a currency strategist at UBS AG in Stamford, Connecticut. "In the times of low risk sentiment, the yen does well, the dollar does well."
Wednesday, June 23, 2010
Gulf beach property market collapse
http://www.cbsnews.com/stories/2010/06/23/business/main6611141.shtml
(AP) This was the year, Alicia Hollis and her fellow real estate agents thought. After a nasty batch of hurricanes and the bursting of the housing bubble, this was the year that condo sales along the Florida Panhandle's brilliant white beaches were going to rebound.
Then came the oil - or more accurately, the mere threat of oil.
Special Section: Disaster in the Gulf
Though most of the Gulf Coast remains free of tar balls, sheen and sludge from the spill in the Gulf of Mexico, owners and agents say the disaster has still stained a showcase piece of the real estate market.
It's the third sucker punch in six years for property owners, many of whom were depending on rental units to fund their retirement. State lawmakers are looking to let homeowners off the hook on some of their taxes, hoping to pass the cost along to BP.
But things won't get better as long as images of oiled sand keep buyers away.
"We can sell places in town - people need a place to live - but the beach: look how empty it is," said Hollis, who's been selling homes in the Panhandle since 1973. "It's so heartbreaking."
Hollis' agency based on Okaloosa Island, where rows of condos line the beach, typically sells six or seven units a month. It hasn't sold a single beachfront property since the Deepwater Horizon rig exploded off the Louisiana coast April 20. No one is even looking, she said.
More Oil Spill Coverage
Thick Pools of Oil Wash Up on North Fla. Coast
BP Removes Oil Well Cap after Gas Mishap
New Drilling Regulator Promises Investigations
Joe Barton Keeps GOP Leadership Role
Judge Who Tossed Drilling Ban an Oil Investor
Man claims to find oil in oyster at Cornelius restaurant
http://lakenorman.wbtv.com/content/man-claims-find-oil-oyster-cornelius-restaurant
CORNELIUS, NC (WBTV) - A man says he found oil inside his oysters while eating at a restaurant located north of Charlotte this weekend.
Matthew Robertson is fascinated at the thought that an oyster from the Gulf Coast that was possibly soaked in oil made it onto his dinner plate.
"I rubbed it on my napkin and I said 'Hey, Dad look, there's oil on my oysters,'" said Robertson.
Matt Simmons: Evacuate Gulf States
http://www.washingtonpost.com/wp-dyn/content/article/2010/06/22/AR2010062205391.html?hpid=topnews "We're going to have to evacuate the gulf states," said Matt Simmons, founder of Simmons and Co., an oil investment firm and, since the April 20 blowout, the unflagging source of end-of-the-world predictions. "Can you imagine evacuating 20 million people? . . . This story is 80 times worse than I thought."
Saturday, June 19, 2010
Monday, June 14, 2010
Sunday, June 13, 2010
Monday, June 7, 2010
EUR/USD vs ES & HU 10- Yr Yield Sprds vs DE Flows - Now its Hungary!!
EUR/USD vs ES & HU 10- Yr Yield Sprds vs DE Flows - Now its Hungary!!
Monday, June 07, 2010 7:57:00 AM
* 07 Jun 10: 11:57 GMT (LDN) - FX NOW! EUR/USD vs ES & HU 10- Yr Yield Sprds vs DE Flows - Now its Hungary!!
EUR/USD's dive that built momentum on Friday and breached the psychologically key 1.2000 level was fuelled by the ongoing concerns about the international debt markets. Uncertainty in the debt markets has undermined the equity markets and the knock on for the FX market is that USD and JPY outperform the rest of the market. EUR/USD's fall through the 1.2000 was dealer led, but they did not take the initiative until equities had fallen over. Now, the news from Hungary, as well as a few other names, has undermined equities and FX once again. The story just keeps going.... M.B.
* 07 Jun 10: 11:08 GMT (LDN) - FX NOW! EUR/USD vs S&P Futures Flows - Asians extend Friday's trends, eurozone takes profits
It is a new week, but the story has not really changed for markets in general. Debt problems continue to dominate the headlines, with Hungary being featured as a potential flash point. Politics is also playing its part. G20 coverage has unearthed differences of view/focus between US Treasury Sec Geitner and ECB's Trichet. Asians did what Asians do in reaction to the news and sent equities spinning along with EUR. USD and JPY came out on top overnight. Eurozone traders did not share the same misgivings and seem happy to cover shorts in advance of the N. American open. S&P futures have bounced off lows of 1052 and climbed to 1069+. That equity bounce has had the usual impact on the FX market dragging EUR up off its lows and giving AUD and CAD a big boost. Once profits are booked and positions are manageable, it will be the N. Americans that set the tone and direction for the remainder of what is likely to be an order driven session. M.B.
* 07 Jun 10: 10:04 GMT (LDN) - FX NOW! EUR/USD, EUR/JPY Flows - EUR higher prior to strong German Factory Orders release
German factory orders for April were up 2.8% m/m, not at the 5 m/m pace seen in March, but well above market estimates in the 0.4% m/m area. EUR has not reacted in any significant way to the April report. In advance of the better than anticipated data, EUR was working its way higher after setting of stops in EUR/USD at 1.1960 and working its way more methodically higher vs JPY. Technically, the next levels to watch include 1.2020 for EUR/USD and 110.00 for EUR/JPY. M.B.
Friday, June 4, 2010
MT4 build 226 fix: recompile EAs
http://eesfx.com/portal/17-ees-customer-support-requests/92-mt4-build-226-crashing.html
Any and all EA's or custom indicators will need to be compiled, (via the MetaEditor) to build 226.
Typically, this occurs when programs written in build 225 are not updated to build 226 for used by compiling them to the updated build in the Editor.
This is a known issue by MetaQuotes and eventually occurs for any mismatching build/programmed EA.
EES / PFG Webinar Archived online
Topic: Automated Forex Systems for Spot FX-20100603 1904-1 Recording date: Thursday, June 3, 2010 3:00 pm Central Daylight Time (GMT -05:00, Chicago) Panelist Information: Elite E Services Duration: 58 mins Description:
Overview: This presentation will explain how to use automated Forex systems in spot FX using the MT4 trading platform and the advantages of using a system vs. not using a system. We will cover an actual trading system, the DRS system; offered by Elite E Services FX; a registered CTA. This system, after explanation, will be available for lease or purchase to anyone interested.
Wednesday, June 2, 2010
PFG Webinar Thursday 3pm EST
Click here to register for the webinar
Click here for more information
Webinar will cover automated trading and how to use and invest in automated systems.
Tuesday, June 1, 2010
Monday, May 31, 2010
Sunday, May 30, 2010
Friday, May 28, 2010
EES Automated Forex Systems for Spot FX Webinar hosted by PFG
Automated Forex Systems for Spot FX
Overview:
This presentation will explain how to use automated Forex systems in spot FX using the MT4 trading platform and the advantages of using a system vs. not using a system. We will cover an actual trading system, the DRS system; offered by Elite E Services FX; a registered CTA. This system, after explanation, will be available for lease or purchase to anyone interested.
Covered Topics:
- Using fully automated systems in spot FX
- Risk management
- Trading results - wishes vs. realistic expectations
- Meta Trader 4
Speaker bio:
Elite E Services FX is a registered CTA, which develops quantitative models for the foreign exchange market. www.eliteeservices.net for more info. www.eesfx.com (Customer Trading Portal) EES has been featured in Futures Magazine, and was ranked by Barclay Hedge as one of the top CTAs in the world in 2007.
Past performance is not indicative of future results. Trading futures and options is not suitable for everyone. There is a substantial risk of loss in trading futures and options.
Monday, May 24, 2010
Oanda fxTrade Infocenter
http://fxtradeinfocenter.oanda.com/
FXTrade InfoCenter
A compendium of free forex trading news, tools, and information
Discover how economic indicators affect foreign currency movement. Find out about crude oil crack spreads and other timely topics of interest. Or access OANDA's open order books to see how client price expectations may be affecting the currency markets.
From glossaries to blogs, from currency fundamentals to advanced analysis, from open books to wikis, the OANDA FXTrade InfoCenter is your one-stop site for free currency commentary, news, analysis, and graphical tools to understand the forex market.
Sunday, May 23, 2010
Cloud Computing Pyramid
http://pyramid.gogrid.com/
What is the Cloud Computing Pyramid?
The main premise behind the choice of a pyramid is to think about building a structure, where each layer is built upon the next, potentially, creating a larger whole. While each layer can be somewhat dependent upon each other and directly related, they do not require interdependence. In fact, each layer can, and does exist on its own. You can, for example, build a Cloud Application on top of a Cloud Platform or Cloud Infrastructure, but the building process primarily works from the ground up. The inverse is not possible (e.g., building a Cloud Platform on top of a Cloud Application). There are other ways to describe this hierarchy as simple layers or interconnecting circles, but those don’t necessarily convey the strength of the structure, or “infrastructure” in this case. We believe that the Cloud Pyramid encompasses this idea in a simple visual representation.
Saturday, May 22, 2010
MT4 live update to Build 226
http://forum.mql4.com/30807
New Version: MetaTrader 4 Client Terminal Build 226
Fixed displaying of pending orders for symbols with 3 decimal places. At 100 points before the execution price orders are highlighted red.
The live update will be available through the LiveUpdate system.
Friday, May 21, 2010
Euro Collapse
EUR000000
Roubini: Stocks to Tumble Another 20%, Cash the Safest Place...
Strains Accumulate...
Fed official: Europe's crisis poses risks to USA...
Confusion over regulation moves trigger sell-offs...
'Perfect storm'...
EU nations back tougher sanctions to combat debt...
WORLD ORDER: US, Britain and Germany to discuss debt crisis...
German lawmakers approve euro rescue package...
PAPER: The Euro as we know it is dead...
Monday, May 17, 2010
Kregel/Parenteau: No Sidestepping the Eurozone Implosion?
"Making Friends With Evil": A Fable for Our Times Chris Floyd
The Failure of the American Jewish Establishment Peter Beinhart, New York Review of Books
US says BP move to curb oil leak 'no solution' BBC. Note the contrast with US headlines: Oil-Spill Fight Shows Progress Wall Street Journal and BP Reports Some Success in Capturing Leaking Oil New York Times. Probably the best explanation here: Feds: BP's mile-long oil tube 'not a solution to the problem' Raw Story
Judge H. Lee Sarokin: Why Should There Be Any Liability Limitation for Oil Spills? Huffington Post
How Will They Spin This? Paul Krugman
Texas schools board rewrites US history with lessons promoting God and guns Guardian
Class Warfare: Hundreds Protest Outside Bankers' Houses In DC Huffington Post. I'm not keen about this sort of thing, but not surprised to see it happening.
America's Ten Most Corrupt Capitalists Alternet (hat tip reader John L)
Dimon Tries, Fails to Pacify Syracuse Protester With Phone Call Bloomberg (hat tip reader John L). Blankfein is getting his wish, he is not alone in the hot seat.
Support for Spanish government falls sharply Financial Times
Early Easter hits retail sales as April figures show nationwide drop Independent
Going to Extreme Paul Krugman. We pointed to the article he cites over the weekend.
Forget the wolf pack – the ongoing euro crisis was caused by EMU Ambrose Evans-Pritchard, Telegraph
Kregel/Parenteau: No Sidestepping the Eurozone Implosion?
By Jan Kregel, former professor of economics at Università degli Studi di Bologna and Johns Hopkins,m and currently a senior scholar at The Levy Economics Institute and Rob Parenteau, CFA, sole proprietor of MacroStrategy Edge, editor of The Richebacher Letter, and a research associate of The Levy Economics Institute
A week ago eurocrats launched their campaign of overwhelming force designed to shock and awe the "wolf pack" of professional speculators and institutional investors (hedge funds and pension fund managers) into a more docile, subservient position. In the currency market, the shock and awe wore off after the first 48 hours, while by the end of the week, it also appeared to be wearing off from the equity markets.
Some of this is undoubtedly just the innate brazenness of the wolf pack being expressed. As a general rule, they do not take kindly to being cowed or constrained in any fashion. It is simply is not in their genetic make up. Consequently, they have no choice but to follow their instincts to call the bluff of the eurocrats, and that is part of the reason we are seeing, for example, the wolf pack dragging the euro exchange rate down to the ground in recent trading sessions.
But this is about more than just testosterone counts. Some wing of the professional investing world is beginning to see the design flaws built into the eurozone from day one. And once the spy these flaws, they begin to realize the nature of the solution is something utterly different than what they are witnessing being rolled out before their very eyes. In the following 11 points, we highlight some of the key aspects of the eurozone predicament using the financial balance approach developed by the late Wynne Godley which we have explored in previous blog submissions, papers, and book chapters. Until more investors and policy makers can understand the true nature of the various predicaments facing the eurozone, and the inherent design flaws exhibited in the European Monetary Union and the (In)Stability and (Lack of) Growth Pact, odds are precious time will simply be wasted trying to make believe the shock and awe fix is already in.
1. Underlying the eurozone predicament is a missing adjustment mechanism. There is neither a price nor a policy mechanism that encourages the current account surplus nations to recycle their surpluses in a win/win, pro-growth fashion. Keynes tried to design such a mechanism into the Bretton Woods agreement, but the American negotiators scotched it. This same pro-growth adjustment mechanism is missing at the global level with regard to China (although they did report a trade deficit in March).
2. An ostensibly moral stance advocating balanced government budgets is revealing a profound ignorance of the simple accounting of sector financial balances. Those preferring to impose a "fiscally correct" policy on the peripheral nations should best recognize these accounting realities, and soon. If we are correct that domestic income deflation will be the end result of fiscal retrenchment colliding with private sector attempts to net save, then surely more desperate citizens will turn to even more desperate acts. Rather perversely, the combined effects of fiscal retrenchment, private income deflation, and rising private debt distress are likely to make moral considerations a second or third order concern for many eurozone citizens.
3. Ultimately, current account surpluses need to be recycled into chronic deficit nations in a sustainable fashion. Such a mechanism could be set up under the auspices of the European Investment Bank very quickly. Effective incentives to recycle current account surpluses via foreign direct investment or equity flows should be crafted at once.
4. Such an approach is likely to prove superior to funneling financial assistance through the IMF or other multinational arrangements. The IMF will undoubtedly insure that fiscal retrenchment gets imposed across the region. Any fiscal assistance is likely to be imposed with conditionality – a conditionality that fails to recognize sector financial balances are interlinked, both within and between nations. IMF conditionality is bound to set off the twin contagion vectors of falling trade surpluses and rising bank loan losses in the core nations. Surely this is not what Dutch and German policymakers intended, nor is it any way to hold the eurozone together.
5. Rapidly cutting fiscal deficits without considering the impact of such moves on private sector financial balances is a shortsighted, if not dangerous policy direction. Sector financial balances – the difference between saving and investment, or income and expenditures – are interconnected, and cannot be treated in isolation.
6. Hiking taxes and slashing government expenditures will suck cash flow out of the private sectors of the peripheral eurozone nations. These private sectors have been rebuilding their net saving positions in the wake of sharp and prolonged recessions. Companies have been conserving cash by slicing investment spending, inventories, and employment. Households have already drastically reduced home purchases and consumer spending.
7. It is an elementary fact of accounting that the private sector as a whole can only spend less than it earns if some other sector spends more than it earns. That sector has tended to be the government, usually as automatic stabilizers kicked in while recessions deepened. Indeed, most of the dramatic widening of government deficits is due to a collapse in tax revenues, not to discretionary stimulus. Pursuing fiscal retrenchment in order to reduce government debt default risk will merely raise the odds of private sector debt defaults. Cash flow will be taken from households and firms attempting to rebuild their net saving positions, and private debt servicing will falter.
8. The only way to avoid this outcome is if the nations undertaking fiscal retrenchment can swing their trade deficits around in a fully offsetting fashion. Otherwise, domestic income deflation is the likely result, Indeed, this is the madness behind the method of "internal devaluation" so evident in Latvia's economic implosion. There is no guarantee that trade swings will be large enough to overcome fiscal drag. A return to debt deflation dynamics like those engaged after the Lehman debacle is not out of the question.
9. Furthermore, since the current account surplus of the eurozone has remained between +1 and -1 percent of GDP for quite some time, there is every reason to believe that attempts by the periphery to achieve trade surpluses will undermine the export led growth of Germany and the Netherlands.
10. It would therefore appear that fiscal retrenchment is about to set off two related contagion effects. First, the loans on the books of German, Dutch and French banks are likely to sour as private sector cash flows are squeezed in the periphery. Bank holdings of government debt issued by the periphery may not default, but the mortgages and corporate loans these banks have outstanding to the periphery will experience rising loan losses.
11. Second, the export sales of German and Dutch companies will fade with the falling import demand of the periphery. As their domestic incomes fall, they will import less. In other words, the fiscal retrenchment the core nations are insisting upon is highly likely to boomerang right back on them.
As it stands, investors have started to recognize that bank in the region are at risk. CDS for Spanish and Portuguese debt have started to widen more dramatically over the past two weeks, although investors still appear overly focused on government debt CDS. Policy makers have also begun to realize Greece is unlikely to be the last country requiring a bail out, while they at the same time sign on for rapid fiscal "consolidation" (read retrenchment) in order to ostensibly avoid becoming the next Greece.
Yet we continue to find many of the points detailed above are not yet recognized by professional investors or policy decision makers. Absent this coherent framework, it will indeed prove very difficult to sidestep an economic and financial implosion in the eurozone, following on the heels of an already historically deep recession, and burst property bubbles in a number of eurozone nations. May wiser heads prevail.
More on this topic (What's this?)
The Ramifications of Bailouts in Europe (Trends I'm Watching, 5/16/10)
What the Greek Bailout Means for the Eurozone… And How You Can Play It (Investment U, 5/4/10)
Eurozone slowdown coming; can the Euro survive? (Credit Writedowns, 5/12/10)
Friday, May 14, 2010
Wednesday, May 12, 2010
Electronic Trading captures 55% of total FX Volume in 08-09
http://blogs.fxstreet.com/francesc/2010/05/11/electronic-trading-captures-55-of-total-fx-trading-volume-in-200809/
ELECTRONIC FX: AS GLOBAL MARKETS NORMALIZE, SLOW BUT STEADY GROWTH
E-Trading Displaces Telephone as Primary Trading Channel in Foreign Exchange
Tuesday, May 11, 2010 Stamford, CT USA - Global foreign exchange markets continued their migration to electronic execution last year as e-trading volumes increased amid a decline in overall FX trading activity.
Customer electronic foreign exchange trading volumes increased 7% from 2008 to 2009. While this growth pales in comparison to the 25% expansion in 2007-2008, the fact that electronic trading systems were attracting business while the overall market was contracting suggests that market participants continue to actively shift trading volumes to the platforms from other channels.
Monday, May 10, 2010
Godaddy, Network Solutions, Dreamhost, others – attacked by Wordpress php hack
http://www.ghacks.net/2010/05/09/mass-shared-host-website-hack/#comment-1073096 Reports began to appear on the Internet
two days ago that suggested that a new mass hack was underway. It was first assumed that the hack was only targeting Wordpress blogs but it soon became known that other scripts were also affected by it.
http://www.wpsecuritylock.com/breaking-news-wordpress-hacked-with-zettapetta-on-dreamhost/
resources to see if your site was hacked
http://codex.wordpress.org/FAQ_My_site_was_hacked
http://ocaoimh.ie/did-your-wordpress-site-get-hacked/
http://smackdown.blogsblogsblogs.com/2008/06/24/how-to-completely-clean-your-hacked-wordpress-installation/
http://www.snipe.net/2010/01/when-wordpress-gets-hacked/
And when you're done:
http://codex.wordpress.org/Hardening_WordPress
Google info, domain lookup:
Domain name: firesavez7.com
Registrant Contact:
UIS
Garritt Kooken
+86.592257788 fax: +86.592257788
Rue de Virton 237
Evegnee Evegnee 11111
in
DNS:
ns3.cnmsn.com
ns4.cnmsn.com
Created: 2010-05-07
Expires: 2011-05-07
Wordpress security site: http://www.wpsecuritylock.com/
Fed Restarts Currency-Swap Tool as Sovereign-Debt Crisis Flares
http://www.bloomberg.com/apps/news?pid=20601087&sid=amiI5qIW8gDI
May 10 (Bloomberg) -- The U.S. Federal Reserve will restart its emergency currency-swap tool by providing as many dollars as needed to European central banks to keep the continent's sovereign-debt crisis from spreading.
The swaps with the European Central Bank, Bank of England and Swiss central bank will allow them to provide the "full allotment" of U.S. dollars as needed, the Fed said late yesterday in a statement in Washington. A separate swap line with the Bank of Canada will support as much as $30 billion, the Fed said, and the Bank of Japan said it approved reactivating its U.S. line. The swaps were authorized through January 2011.
Euro, Global Stocks, Oil Rally on European Loan Plan; Treasuries Retreat
U.S. Stocks Advance, S&P 500 Jumps the Most in a Year on EU Rescue Package
Dollar Libor Holds Near Nine-Month High After EU's $1 Trillion Loan Accord
Trichet Indicates Government Bond Purchases Not Supported by Whole Council
EU Crafts a $962 Billion Show of Force to Bolster Euro, Halt Global Crisis
RACE TO AVERT CRISIS...
MARKETS SURGE...
WORLD INDICES...
LAST-DITCH BID: $1 TRILLION EU EMERGENCY FUND!
Bank Crunch Deepens; Default Swaps Reach Records...
Tensions simmer over pension cuts...
Euro 'could reach parity with dollar'...
SHE PAYS THE PRICE: Voters rebuke Merkel for Greek loan...
'America has good reason to worry'...
MOODY'S: U.S. Debt Shock May Hit As Soon As 2013...
Fed Restarts Currency-Swap Tool...
FANNIE MAE seeks $8.4B in aid after 1Q loss...
Sunday, May 9, 2010
Get these fast trading jokers out of here: Saluzzi
High frequency trading: Why the robots must die
The robo-stock market blew a fuse Thursday. Now is Washington's chance to rewire the joint for good... http://wallstreet.blogs.fortune.cnn.com/2010/05/07/the-nyse-and-high-frequency-trading
Euro Financial Crisis – 720b EUR bailout fund
LAST-DITCH BID: $650 BILLION EU EMERGENCY FUND!
Bank Crunch Deepens; Default Swaps Reach Records...
Tensions simmer over pension cuts...
Euro 'could reach parity with dollar'...
SHE PAYS THE PRICE: Voters rebuke Merkel for Greek loan...
'America has good reason to worry'...
MOODY'S: U.S. Debt Shock May Hit As Soon As 2013...
Friday, May 7, 2010
FXCM buys ODL rumor
http://forexmagnates.com/fxcm-acquires-odl-group-to-form-worlds-largest-forex-broker/ Following months of rumors about a potential acquisition I now got a word that the acquisition was finally completed. FXCM is about to acquire ODL (pending due diligence and regulatory approval) and this merger will form world's largest retail Forex broker.
FXCM has already bought ODL's US retail business a while ago when ODL decided to exit the US market and this probably paved the way for this much larger acquisition. FXCM's volumes are about $365 billion a month and ODL, in my opinion, is making at least $100-150 billion a month thus placing the combined company above Oanda in my monthly volume surveys. The merged company will serve 200,000 clients with combined assets of over $800 million.
It’s a confidence crisis
"It's a confidence crisis," said Quincy Krosby, chief market strategist for Newark, New Jersey-based Prudential Financial Inc., which oversees about $667 billion. "You've got yourself in a vortex of negativity in Europe. In the U.S., the investigation on yesterday's trading is definitely an overhang. It's a very precarious scenario. The market is waiting for a viable solution."
http://www.bloomberg.com/apps/news?pid=20601087&sid=aNE1LEPTAp1k
It's Not About Greece Anymore
http://www.roubini.com/euro-monitor/258851/it_s_not_about_greece_anymore The Greek "rescue" package announced last weekend is dramatic, unprecedented, and far from enough to stabilize the eurozone.
The Greek government and the European Union (EU) leadership, prodded by the International Monetary Fund (IMF), are finally becoming realistic about the dire economic situation in Greece. They have abandoned previous rounds of optimistic forecasts and have now admitted to a profoundly worse situation. This new program calls for a total of 11% of GDP in terms of "fiscal adjustments" (i.e., reduction in the budget deficit; now meaning government spending cuts mostly) in 2010, 4.3% in 2011, and 2% in 2012 and 2013. The total debt to GDP ratio peaks at 149% in 2012-13 before starting a gentle glide path back down to sanity.
MUST HEAR: Panic And Loathing From The S&P 500 Pits
"Guys this is probably the craziest I have seen it down here ever." Here it is, memorialized for the generations and away from the now openly ridiculous disinformation propaganda of the mainstream media, just what a full market meltdown panic sounds like: straight from the epicenter, the S&P 500 pits. Luckily open ouctry still exists, if at least for shock value. Click here for a first hand account of the most shocking 15 minutes in recent market history. Fat finger my ass. http://www.zerohedge.com/sites/default/files/Market%20Crash.mp3
NYSE blames electronic trading
http://www.bloomberg.com/apps/news?pid=20601010&sid=aETiygQQ8Y3g
May 6 (Bloomberg) -- Computerized trades sent to electronic networks turned an orderly stock market decline into a rout, according to Larry Leibowitz, the chief operating officer of NYSE Euronext. Nasdaq OMX Group Inc. canceled trades in 286 securities that rose or fell 60 percent or more.
While the first half of the Dow Jones Industrial Average's 998.5-point intraday plunge probably reflected normal trading, the selloff snowballed because of orders sent to venues with no investors willing to match them, Leibowitz said in an interview on Bloomberg Television.
"If you look at the charts you can see fairly clearly where the trades came in," he said from New York. "It's that V-shaped drop where it came down and snapped right back up. You had some very high-cap stocks trading down 50 percent or large percentages in a split-instant because there really was no liquidity in electronic markets."
The selloff briefly erased more than $1 trillion in market value as the Dow average tumbled 9.2 percent, its biggest intraday percentage loss since 1987, before paring the drop. The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission are reviewing "unusual trading" that contributed to the plunge.
Thursday, May 6, 2010
Stock Selloff May Have Been Triggered by a Trader Error
Stock Selloff May Have Been Triggered by a Trader Error
In one of the most dizzying half-hours in stock market history, the Dow plunged nearly 1,000 points before paring those losses in what possibly could have been a trader error.
According to multiple sources, a trader entered a "b" for billion instead of an "m" for million in a trade possibly involving Procter & Gamble
[PG 60.75 -1.41 (-2.27%) ], a component in the Dow. (CNBC's Jim Cramer noted suspicious price movement in P&G stock on air during the height of the market selloff.
Sources tell CNBC the erroneous trade may have been made at Citigroup
"We, along with the rest of the financial industry, are investigating to find the source of today's market volatility," Citigroup said in a statement. "At this point we have no evidence that Citi was involved in any erroneous transaction."
According to a person familiar with the probe, one focus is on futures contracts tied to the Standard & Poor's 500 stock index, known as E-mini S&P 500 futures, and in particular a two-minute window in which 16 billion of the futures were sold.
Citigroup's total E-mini volume for the entire day was only 9 billion, suggesting that the origin of the trades was elsewhere, according to someone close to Citigroup's own probe of the situation. The E-minis trade on the CME.
In an interview on CNBC, the New York Stock Exchange's CEO, Duncan Niederauer, said there were no bad trades on the Big Board. He also suggested that it may not have been one bank involved in the the bad trade.
The massive selloff, which began shortly after 2 pm ET, amplified concerns about the spreading European debt crisis as the approval of austerity measures by the Greek Parliament sparked renewed rioting in Athens.
"There is simply a growing recognition that Greece has got to default," banking analyst Dick Bove told CNBC.com. "The riots in the streets showed the decision to repay the debt was not going to be made by the people in Germany, France and Switzerland—it's going to be made by people in Greece and they're not going to repay it."
http://www.thestreet.com/story/10749060/1/stock-market-crash-or-trading-error.html?cm_ven=GOOGLEN NEW YORK (TheStreet) -- The Dow Jones Industrial Average plunged on Thursday afternoon, as the week-long selloff in the markets took a turn for the worse and began the talk of a stock market crash.
Bloomberg server down
Gateway Timeout
The proxy server did not receive a timely response from the upstream server.
Reference #1.79a1160.1273173550.2e49be2
European banks halt lending
http://www.cnbc.com/id/36988229 The Dow plunged Thursday amid buzz in the market that European banks have halted lending.
One trader, on the condition of anonymity, said he heard fixed income desks in Europe shut down early because there was no liquidity — basically European banks are halting lending right now.
"This is similar to what took place pre-Lehman Brothers," the trader said.
UK deficit largest in Europe
http://www.thisismoney.co.uk/news/article.html?in_article_id=503927&in_page_id=2#ixzz0nB24NoHW EU economists have predicted that the UK's budget deficit will remain larger than that of any other European nation this year.
Forecasts from the European Commission (EC) today predict that UK net borrowing will be 12% of output in 2010 - a higher proportion than any other country in the 27-member block, including Greece at 9.3%.
While Greece's deficit is not the highest in the EU, concerns about the government's ability to pay it back are higher because of its high debt levels and weak economy.
Read more: http://www.thisismoney.co.uk/news/article.html?in_article_id=503927&in_page_id=2#ixzz0nB6oxD8d
The situation in Greece has hit a fever pitch
The situation in Greece has hit a fever pitch and if anyone had any doubt about the seriousness of the matter, the three lives the current riots have claimed thus far are a very grim reminder. Euro remains under increasing pressure and now has the 1.2800 level within striking distance – a dip below there would open up to the Feb/Mar 2009 pivot near 1.2700 on the follow. The only thing stopping the further collapse at the moment seems to be some supranational buying interest (plunge protection?) and the fact that the SNB still has an enormous bid under EUR/CHF.
The market will ignore the goings on in economic data land and keep the Eurozone firmly on the radar in the short-term. The headlines thus far have not been pretty. We heard once again that no bailout plan has been proposed for Spain. Rumors were making the rounds that the debt burdened nation would need at least 280 billion euro – which Prime Minister Zapatero firmly denied. We remember the Lehman gang denying their bank was in trouble as well and everyone remembers what happened there.
In other currencies, USD/JPY made another failed attempt to violate the 95.00 mark topside – printing a 94.99 intraday high for the second consecutive day. Despite the broad strength in the US dollar, the decline in US rates (higher bond prices) is keeping the downside pressure on the pair. The pound continues to hold its own despite a major flight to quality. There is some speculation that the Conservative Party will indeed be able to form a government and thus a "hung" parliament will be avoided. This would ostensibly allow the UK to address it budget issues and help keep the country on its coveted AAA perch.
Australian retail sales are now the focus now in the Asia session. The market is looking for a 0.7% increase in March on the heels of a -1.4% drop the prior month. Given the sharp decline in the previous month, we could see a larger statistical blip in the number. While this would likely see the Australian dollar trade better bid, the broad sell-off in risk (should it continue) would outweigh any benefit from the better result.
Wednesday, May 5, 2010
FX System Hosting launches SEO services “Search Engine Visibility”
http://sev.fxsystemhosting.com
• Bring more traffic to your Web site
• Increase customers
• Get your site listed on major
search engine rankings
• Contact Manager (CRM)
included FREE
http://sev.fxsystemhosting.com
FX System hosting also offers VPS and Dedicated servers
http://vps.fxsystemhosting.com VPS
http://dedicated.fxsystemhosting.com Dedicated Servers
Subscribe to:
Posts (Atom)