April 11, 2011 19:34 ET: US Roundup, Asia Preview:
Alcoa earnings disappointed, the carry trade unwound after the IMF warned of slowing growth and UK RICS remained weak, The Asia-Pacific calendar is filled with second-tier releases but the Bank of Korea could cause a stir.
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Japan aftershock spoils continued risk appetite in Asia; 3 Fed speakers on the docket; US earnings season kicks off with Alcoa.
The EUR/USD
saw little reaction to the economic news, but bulls were frustrated in their attempts to take the pair to the 1.4500 figure after a cautionary article in FT which suggested that Spain may be the next problem economy in the European periphery.
http://www.fx360.com/commentary/boris/5252/euro-consolidates-as-market-awaits-yellen.aspx
Bearish in theory
The online currency trading shops are modern-day boiler rooms.
I have absolutely no interest in mincing words or playing politics with this post. I am exercising my First Amendment rights and I intend to speak plainly.
http://www.thereformedbroker.com/2011/04/09/inside-the-currency-boiler-rooms/
President Barack Obama and congressional leaders reached a last-minute agreement just before a midnight deadline to slash about $38 billion in federal spending and avert the first federal government shutdown in 15 years.
http://www.scotsman.com/news/World-News-Obama-secures-deal.6748858.jp