Quantcast

Know Better

North America

FX Update

FXWRAP: Dlr Steady At Wk's End; Yen Faces Event/Intervntn Risk

The U.S. dollar ended the Friday session virtually unchanged vs. the euro and yen after a day of trading in familiar ranges that have contained in recent days. An absence of key U.S. economic data served to...

Fri, 09/10/2010 - 15:32

North America

SEC Text: OKs Expanding Stock-by-Stock Circuit Breakers

The following is a statement issued Friday by the Securities and Exchange Commission: The Securities and Exchange Commission today approved new rules submitted by the national securities exchanges and FINRA to...

Fri, 09/10/2010 - 14:55

North America

FXWRAP: Dlr Steady At Wk's End; Yen Faces Event/Intervntn Risk

By Dennis Pettit

NEW YORK, Sept 10 (MNI) - The U.S. dollar ended the Friday session virtually unchanged vs. the euro and yen after a day of trading in familiar ranges that have contained in recent days.

An absence of key U.S. economic data served to reinforce the relative calm, leaving traders to focus on event risk ahead.

Euro-dollar was trading at $1.2725 in afternoon dealings Friday, the single currency little removed from its early $1.2721 level seen just as the U.S. session got underway. The euro constrained in a narrow $1.2685/1.2735 U.S. hours range.

SEC Text: OKs Expanding Stock-by-Stock Circuit Breakers

WASHINGTON (MNI) - The following is a statement issued Friday by the Securities and Exchange Commission:

The Securities and Exchange Commission today approved new rules submitted by the national securities exchanges and FINRA to expand a recently-adopted circuit breaker program to include all stocks in the Russell 1000 Index and certain exchange-traded funds. The SEC also approved new exchange and FINRA rules that clarify the process for breaking erroneous trades.

Obama: Entire Agenda Now To Stimulate Jobs, Economic Growth

By Brai Odion-Esene

WASHINGTON (MNI) - President Obama Friday defended his administration's handling of the U.S. economy's recovery from the "Great Recession" onward, using the platform of a late morning news conference to counter claims the government is tackling too late an issue that many believe should have been its No. 1 priority all along.

The president faced questions on a variety of issues, but the majority focused on the economy and a slow recovery.

US Credit Mkts Week Ahead: Ongoing Flow Driven Technical Trade

By Alyce Andres-Frantz

WASHINGTON, Sept 10 (MNI) - The Treasury market is expected to continue its ongoing flow-driven range trade in the week ahead, which could easily be amplified by an ongoing technical correction.

So far, September has been a bearish month for Treasuries. After seemingly five months of dip buying, yields hit their lows on the last day of August. Since then, sources noted, the Pavlovian response in the Treasury market has ceased as sellers have finally overpowered buyers.

The move has been predicated by well advertised supply in September.

US's Geithner To Shape Hill Debate On China FX Bill Thursday

By John Shaw

WASHINGTON (MNI) - Treasury Secretary Tim Geithner will spend most of next Thursday on Capitol Hill, defending his department's international economic and foreign exchange report, and trying to persuade lawmakers that he is making progress in getting China to reform its currency.

BOC Governor Carney: World Can Slip Back Into Crisis Without Reforms

By Courtney Tower

OTTAWA (MNI) - The world can easily fall back into economic crisis, this time with recession hitting advanced economies and inflation besetting emerging markets, Bank of Canada Governor Mark Carney said Friday.

Next Wk/US: Retail Sales, PPI/CPI, Philly Fed, IP, TICS, C/A

By Theresa Sheehan

PRINCETON (SMRA) - The week ahead is busy with data releases, and many of them of high importance to markets. Foremost will probably be retail trade and the Consumer Price Index, but also of interest will be the manufacturing outlooks from the New York and Philadelphia Fed, and the first takes on consumer confidence in September.

US July Wholesale Inventories Rose 1.3%, Sales Up 0.6%

By Kevin Kastner

WASHINGTON (MNI) - The value of wholesale inventories posted their largest monthly gain in two years in July, while sales rebounded from their recent declines, data released Friday morning by the Commerce Department showed.