Euro-Bailout?
One of the reasons traders have been selling the eurowith impunity down to all-time lows is a seeming lack of willingness by Europeantechnocrats to defend the currency. Euro FX futures
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Crude Awakening
Despite the agreement by OPEC to increase production by
1,000,000 Barrel Solution
They agreed to an 800,000-barrel-a-day output hike at the meeting in Vienna
Trigger-Happy
Oil and its derivative products are selling off astraders ditch longs and enter the weekend flat ahead of yet another highlyanticipated OPEC meeting which will set output policy through the end of theyear. Energy contracts are trading at 10-year records but comments from the oilminister of the world
Sell The Meeting, Buy The Shortfall
Oil and its derivative products sold off as
traders exited long positions
Oil Forges New 10-Year High
Energy contracts remained on fire as traders doubted any
Your Dollar At Work
Revised economic data from the Labor Department showed that productivity in the last quarter was stronger than originally calculated and increased three times as fast as in the first quarter of this year. Productivity was up from an estimated 5.3% to a 5.7% annualized pace, adding even more credulit
Productive Yanks Pummel Euros
New data from the Labor Department showing that Americans were more productive than originally forecast
Devaluation Welcome
Comments by German Chancellor
Schroeder that he welcomes the decline of the emerging pan-continental currency
Eurocratic Clash = Euro Crash
Chicago Mercantile Exchange currency pits were closed Monday but the euro cavedin continental trading yesterday and the euro FX
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Hard Labor
Stock index futures popped higher in a bout of euphoria following
Friday morning’s roster
Economic Focus
Traders are focusing on economic growth rather thaninterest rate differentials in pricing currencies. The quarter-point rate-hikein Europe this week took the euro, Swiss franc and pound to contract lows. Butweaker-than-expected economic figures Friday morning in the US are prompting abig reversal in