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jazzz · 09-17-2008, 07:51 AM

• FX: EURUSD forcefully rising to 1.4481. USD selling off on the Lehman and Merrill news. CHF and JPY only moderately higher.

• Fixed Income: Treasuries rallying more than a figure. Bunds will follow through today. JGB’s closed.

• Stocks: European session up +2% on Friday, but will gap open lower today. Nikkei closed. ASX down by 1.5%.

• Commodities: Precious metals only slightly higher despite the really weak dollar. Crude Oil trading below $100/bbl for the first time since April.

• Very, very, very negative news from The World of Finance: Barclays walk away from negotiations to take over Lehman (since deal was not Fed/Treasury (sponsored). I.e. Lehman small enough to fail. Lehman now filing for bankruptcy. Make no mistake, there will be tonnes of lossing among its counterparties. Financials will bleed this week.

• AIG might seek $40B help from the Fed after horrific losses, according to the WSJ. AIG very susceptible to downgrades.

• Merrill Lynch also under considerable pressure. Now discussing merger with Bank of America.

• FOMC meeting tomorrow. STIR Futures have changed, now indicating a 12% chance of a rate CUT in stead of a hike.

• US Treasury Officials have urged Japanse financial institutions not to dump bonds issued by FNM and FRE on the market. What a desperate move!

09-17-2008, 07:51 AM	#9 (permalink)
jazzz Junior Crapper Join Date: Jul 2008 Posts: 74 My Mood: Thanks: 0 Thanked 1 Time in 1 Post	Re: Trading the News • FX: EURUSD forcefully rising to 1.4481. USD selling off on the Lehman and Merrill news. CHF and JPY only moderately higher. • Fixed Income: Treasuries rallying more than a figure. Bunds will follow through today. JGB’s closed. • Stocks: European session up +2% on Friday, but will gap open lower today. Nikkei closed. ASX down by 1.5%. • Commodities: Precious metals only slightly higher despite the really weak dollar. Crude Oil trading below $100/bbl for the first time since April. • Very, very, very negative news from The World of Finance: Barclays walk away from negotiations to take over Lehman (since deal was not Fed/Treasury (sponsored). I.e. Lehman small enough to fail. Lehman now filing for bankruptcy. Make no mistake, there will be tonnes of lossing among its counterparties. Financials will bleed this week. • AIG might seek $40B help from the Fed after horrific losses, according to the WSJ. AIG very susceptible to downgrades. • Merrill Lynch also under considerable pressure. Now discussing merger with Bank of America. • FOMC meeting tomorrow. STIR Futures have changed, now indicating a 12% chance of a rate CUT in stead of a hike. • US Treasury Officials have urged Japanse financial institutions not to dump bonds issued by FNM and FRE on the market. What a desperate move! __________________ To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.