USD

Risk On, USD, JPY Give Ground

Trichet: Euro zones growth pattern could be uneven. On bond putrchase programme we dont give any more information. Re additional liquidity, to adopt fixed rate with full allotment in 3-month till September 2010
U.S. Treasurys Geithner: Reform of Chinas exchange rate is critically important Important for China to understand U.S. Congress will act if it does not move on currency issue
George Soros: Financial crisis far from over, were in second act now. Global economy could be headed for a double dip
U.S. jobless claims fall to 456,000 June 5 week vs consensus 448,000
U.S. April trade deficit $40.29 bln vs consensus $41.00 bln
German constitutional court rejects injunction against EU safety net guarantees sought by lawmaker Lawmakers office
Roubini urges ECB to ease monetary policy to offset austerity
U.S. sells $13 bln 29 year 11 month bonds at high yield 4.182%, awards 84.84% of bids at high. Bid to cover ratio 2.87
Trichet: Have indications budget execution in Greece on track in first 5 months
Risk on today with greenback and yen giving ground. S&P finished up an impressive 2.9%, oil up around one and a half bucks.

EUR/USD up at 1.2130 from early 1.2050 having been as high as 1.2142. News that German constitutional court had rejected injunction against EU safety net guarantees certainly helped underpin euro. As US stocks rose throughout the day so did EUR/USD, tripping stops through 1.2110 on way to 1.2142.

Cable rallied well, putting on three quarters of a cent, finishing around 1.4710 having been as high as 1.4717 after stops were tripped through 1.4700.

USD/JPY finishes around 91.25, effectively unchanged on the day, hostage to cross plays going on around it. Better risk sentiment saw EUR/JPY finish up at 110.70 from early 109.95.

US Data: Quarterly Service Sector Revenue Survey
Release for: First Quarter 2010
Source: U.S. Department of Commerce
Data seasonally adjusted
Total Revenue ($mln)
Type of Business 1Q-10 4Q-09 3Q-09 2Q-09 1Q-09 4Q-08
Information 289.17 286.08 283.85 283.06 282.58 285.02
Software publishers 37.32 37.85 35.84 35.69 34.82 36.44
Motion picture 26.47 26.02 25.35 25.14 24.93 24.32
Professional, scientific, tech
ex. landscape, veterinary 330.39 320.47 319.95 315.51 319.50 328.62
Legal services 67.49 65.42 66.26 64.64 64.14 64.12
Accounting, tax prep, bookkeeping,
and payroll services 30.64 29.36 30.41 29.96 29.96 31.05
Administrative, support and waste
(except landscape) 135.28 133.75 131.03 129.74 130.71 136.11
Employment services 44.23 42.19 39.94 38.79 39.83 42.75
Travel arrangement 7.77 7.61 7.44 7.40 7.46 7.82
Waste manage, remediation 17.41 16.87 16.72 16.48 16.85 18.05
Hospitals 189.78 190.68 189.91 187.99 185.17 181.93

So Ashraf could that be the re-make/shift model of a same kind of a reasonable depression?

Maybe someone should tell ECB and BOE yes we believe you now it will be a year of slow growth, although if you start to think all this could bloody well be CB;s exit strategy before they start another round of pump credit into the market just to keep markets and most particularly wall street's fantasy of moving cash to fund markets into their own pockets running perfectly, immaculate. And while markets will react again with more panic, fears, and more dooms day move reel (oh man I', so sick that) scene again world over through Mass FOKIN coRRUPT MEDIA, an other immaculate conception with possible commodities soaring again bond defaulting, more bankruptcies, and God knows what what and what that i dont want to think of right now. In the end, who will be there baring the burnt of it all us The People, becuase either there will be a cause for a revolution or a war world wide over control and resources.

Maybe some day some where i see The People protest and no one listening to them, and may be that day The People will realise how foolish, greedy, and stupid they all been for trusting their systems, administration, governments. If all this is eventually going to lead to a war man why cant we all just do it now and get it over with. Now isn't the ultimate dooms day scenario and I still dont understand why The People still want to wait to revolt once they lose it all, They should react and do something now while they still own their dignity & an ideology that our post modern system have taught us.

Maybe I got too emotional there HAaaaa....... But you see that's what a great eventful day i've had on the Yo Yo market and some things i see inevitably happen to the greatest ignorant beings of this planet. Who will be known in the near future as the great imbecile's who had it all and then lost it all.

How did Dollar Index jump so much over night