Monday, July 19, 2010

3.26% Guaranteed by US Government Treasury 10-year futures contracts held gains from a three-day rally as economists said reports this week will show U.S. housing starts fell and a measure of the outlook for economic growth declined.

Two-year yields were near a record low as declines in stocks around the world boosted demand for the relative safety of government debt. The difference between yields on 10-year notes and Treasury Inflation Protected Securities, a gauge of expectations for consumer prices, narrowed to 1.71 percentage points, three basis points away from a nine-month low.

"U.S. Treasuries are still attractive," said Sungjin Park, who helps oversee the equivalent of $51 billion in debt assets as head of fixed income in Seoul at Samsung Investment Trust Management, South Korea's largest private investor. "A double- dip recession is inevitable" in the U.S., he said.

The implied yield on 10-year futures contracts for September delivery was little changed 3.26 percent as of 10:47 a.m. in Singapore, based on electronic transactions at the Chicago Board of Trade. The price was 123 7/32.

Sunday, July 18, 2010

Finance ‘experts’ wish for Forex Tax

Finance experts call for 'Tobin tax' on foreign exchange trades

• Levy of 0.005% on $1m foreign exchange deal would be $50

• Billions of transactions a year would raise about $33bn

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Survey finds discrepancy in Unemployment figures: Real unemployment 22%, 28% Raghavan Mayur, president at TechnoMetrica Market Intelligence, follows unemployment data closely. So, when his survey for May revealed that 28% of the 1,000-odd households surveyed reported that at least one member was looking for a full-time job, he was flummoxed.

Thursday, July 15, 2010

Wall Street Reform Bill passes – Goldman fined 550M;_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. 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."

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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

Information about DRS T is available free at – use of the EA is for subscribers only.

Click here to subscribe