This is the headline on another AEP article and thanks to Saferanger for the lead. Ambrose is as always very bearish on Europe but if the facts stack up, tough credit conditions will not ease the recovery prospects for the vital manufacturing sector. Perhaps some of them are profitable businesses that can operate without endless lines of credit. Imagine that, and all the snouts that would have to pull out of the trough if people and businesses only spent what they realistically could afford to spend.
German credit crunch deepening
Source: www.forexlive.com
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January 2011 performance review for Danica-9am algorithm
During January 2011, the first month of the second year of live performance, the system continued on auto-pilot without parameter changes. This document consists of a summary section reporting the figures of merit for the forecasting quality, followed by 14 subsections, dedicated to the individual...
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It seems that the EURJPY range has been shriking over the course of this week, with Yen crosses taking a back seat to straight USD positioning. Its been unable to crack above yesterday’s high of 138.05. Buyers are seen at 137.00-20 with stops below. Sellers 138.00-10 then 138.30. It needs to...
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Sorry for the lack of updates lately
Hello my dear readers. I’d like to apologize for the lack of blog postings recently. My internet access was down for about 3 days, and before that I was busy moving to a new home. Imagine that, you get all setup in your home and expect the net to work; it does for five hours and then dies. I...
Brazil says IMF move not intended to weaken the dollar
Brazilian finance minister Mantega says his countries $10 bln contribution to the IMF is not intended to weaken the dollar. Maybe not, but that has been the effect thus far. The market is concerned that Brazil will dump $10 bln in Treasuries to buy bonds from the IMF. US 10-year notes are at 3.93%,...