Wednesday, February 6, 2013

DailyMarkets.com - Forex Trading: Euro Recovers Following Spanish Data

DailyMarkets.com - Forex Trading: Euro Recovers Following Spanish Data

Forex Trading: Euro Recovers Following Spanish Data

Posted: 06 Feb 2013 02:01 AM PST

Euro Recovers Following Spanish Data
The euro was able to stage an upward correction against most of its main currency rivals yesterday, following the release of a better than expected Spanish Services PMI which renewed confidence in the strength of the euro-zone economic recovery. Still, analysts were quick to warn that the bullish trend may be temporary before tomorrow’s ECB press conference. Today, the main piece of economic news is likely to be the German Factory Orders figure, set to be … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Iceland Holds Rate, New Moves Depend On Inflation, Wages

Posted: 06 Feb 2013 01:31 AM PST

    Iceland’s central bank left its benchmark seven-day lending rate steady at 6.0 percent, saying its accommodative policy stance had helped support economic recovery but as the economy’s spare capacity disappears “it is necessary that monetary policy slack should disappear as well.”
    The Central Bank of Iceland said last year’s rate increases – the bank raised rates by 125 basis points –  had withdrawn a considerable amount of the previous … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Feb.6, 2013: Aggressive BOJ Sooner Than You Think

Posted: 06 Feb 2013 12:53 AM PST

Here’s today’s Central Bank News link list, click through if you missed the previous link list. The list comprises news about central banks that is not covered by Central Bank News. The list is updated during the day with the latest developments so readers don’t miss any important news.

Aggressive BOJ sooner than you think (CNBC)
Poland’s Peasant’s Party leaders: Rate setters too cautious with easing (dow jones)
Thai finance minister sends central bank letter asking for rate cut … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Falling Tail-risk = New Secular Bull?

Posted: 04 Feb 2013 12:13 AM PST

As the Dow passed 14K and the view is turning towards the belief that the financial crisis is over, the logical conclusion is that we are seeing the birth of a new secular bull. Indeed, I examined the kurtosis of stock returns and found that it is falling.

Tails are getting thinner
For non-geeks, kurtosis is the measure of how fat the tails are in a return distribution. There are different kinds of fatness, as shown in the diagram below. Here is one explanation:
[W]ait till you hear two … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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