EU @ US Zone - Wow It Spike.

Another ABCD pattern On Head & Shoulder Formations.

Stocks, Euro Climb as European Officials Craft $1.3 Trillion Bailout Fund

U.S. stocks and the euro rose, recovering from earlier losses, as European governments discussed deploying $1.3 trillion in funds to tame the sovereign debt crisis. Treasuries fell and commodities pared losses.
The Standard & Poor’s 500 Index increased 0.5 percent to 1,215.39 at the 4 p.m. close in New York after tumbling as much as 1 percent. The euro gained 0.2 percent to $1.3786, rebounding from a 0.8 percent slide, and 10-year Treasury yields rose two basis points to 2.19 percent after decreasing as much as five basis points. The S&P GSCI Index of commodities lost 0.3 percent, recovering from a 1.9 percent decline.
Riskier assets rebounded as two people familiar with the matter said Europe may combine the temporary and permanent rescue funds to pool as much as 940 billion euros to fight the crisis. German Chancellor Angela Merkel and French President Nicolas Sarkozy said in a joint statement they want euro-region leaders to agree on an “ambitious” plan. The European Union said a planned Oct. 23 summit will be followed by another session on Oct. 26.
“The main thing is -- can we get to the point where we actually have a constructive resolution in Europe?” Brian Barish, Denver-based president of Cambiar Investors LLC, which oversees about $8 billion, said in a telephone interview. “The market is hypersensitive as to whether or not a plan will emerge that will stabilize Europe.”
Earlier losses in stocks, commodities and the euro came amid growing concern leaders were gridlocked on plans to leverage the region’s bailout fund as Merkel canceled a speech to the German parliament tomorrow. Banks in the Stoxx Europe 600 Index slid 4 percent as a group and yields on 10-year Italian bonds topped 6 percent for the first time in more than two months, underscoring the urgency of the need for a solution.
Financial Shares Reverse
Financial shares in the S&P 500 rose 1.8 percent as a group, reversing a 1.1 percent slide and posting the biggest gain among 10 industries. Fifth Third Bancorp and KeyCorp rose 9.1 percent and 6.9 percent, respectively, to lead gains after the Ohio-based regional lenders posted better-than-estimated earnings. JPMorgan Chase & Co. and Alcoa Inc. climbed at least 1.8 percent for the top gains in the Dow Jones Industrial Average, which increased 0.3 percent to 11,541.78.
EBay Inc. slid 3.1 percent after the largest online marketplace forecast sales and profit that missed some analyst estimates. Boston Scientific Corp. slipped 4.4 percent after third-quarter profit declined 25 percent as demand fell for its defibrillators and pacemakers used to regulate the heart.
Earnings-per share have topped analysts’ estimates at about 75 percent of the 89 companies in the S&P 500 that released results since Oct. 11. Net Income has grown 15 percent for the group and sales have increased 9.5 percent, Bloomberg data show.
Philadelphia Manufacturing
U.S. equities climbed early in the session as the Federal Reserve Bank of Philadelphia’s general economic index climbed more than forecast to 8.7, unexpectedly signaling expansion in the area covering eastern Pennsylvania, southern New Jersey and Delaware.
About five shares declined for every one that gained in the Stoxx Europe 600 Index, which slipped 1.5 percent. European markets closed before France and Germany issued their joint statement. Banks led losses, with Italy’s UniCredit SpA plunging 12 percent and Intesa Sanpaolo SpA slumping 9.8 percent. Banks that need aid from Europe’s rescue fund must be restructured as a condition for receiving capital, according to draft guidelines obtained by Bloomberg News.
The yield on French 10-year debt rose to 115 basis points above benchmark German bunds, the highest since the creation of the euro currency.
European Yields
The yield on the Spanish 10-year bond rose 13 basis points to a two-month high of 5.53 percent as demand dropped at the nation’s first debt sale since Moody’s Investors Service cut the country’s credit ranking.
Greek 10-year bond yields slipped 41 basis points to 23.89 percent, compared with a record 26.70 percent on Sept. 15.
EU officials weighing deeper losses for Greek bondholders in a revamped bailout are concerned that any investor involvement risks further roiling markets, say people familiar with the EU’s deliberations. The people said the EU is considering five scenarios for the private sector’s role. They range from sticking with July’s voluntary debt swap plan to forcing investors to exchange Greek bonds for new ones at 50 percent of their value.
Greek Austerity
Greek Prime Minister George Papandreou won the backing of a majority of lawmakers in a second test of support for a new austerity package. Greek Citizen Protection Minister Christos Papoutsis appealed for calm after a man died during protests in Athens today.
The MSCI Emerging Markets Index retreated 2.7 percent, the biggest decline on a closing basis in more than two weeks. South Korea’s Kospi Index declined 2.7 percent as benchmark gauges for Brazil and Poland lost at least 1.7 percent.
The Shanghai Composite Index slumped 1.9 percent to a 31- month low on concern China may persist with policies to rein in lending. Risks stemming from private lending must be “strictly controlled,” China’s banking regulator said.
Thailand’s SET Index lost 3.1 percent as the central bank said it will cut its economic growth forecast as the worst floods in 50 years threaten to keep factories closed for months.
To contact the reporters on this story: Michael P. Regan in New York at mregan12@bloomberg.net; Rita Nazareth in New York at rnazareth@bloomberg.net
To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net

US$ What Next Will Happen.

The US Dollar posted big declines on the biggest S&P 500 rally in over two years, sparked by a large shift towards risky assets and away from safe-haven currencies. The Dow Jones FXCM Dollar Index likewise posted its worst single-week decline since it set a major top in early 2009. Short-term momentum clearly favors further US Dollar weakness, but its record correlation to the Dow Jones Industrial Average emphasizes that direction could change on a moment’s notice.
A relatively quiet week of US event risk and a fairly sizeable drop in forex market volatility expectations points to a quiet week ahead. Markets will pay close attention to any developments on a highly-anticipated meeting of the Group of 20 (G20) finance ministers over the weekend. Yet it seems improbable that the G20 produces genuine resolution of ongoing Euro Zone crises, and the Greenback seems unlikely to respond to any half-measures.
A scheduled speech by US Federal Reserve Chairman Ben Bernanke and US Consumer Price Index inflation data could otherwise elicit reactions from Fed watchers and the US Dollar. Ultimately however, increasingly complacent financial markets could continue pushing the safe-haven USD lower across the board absent any major surprises.
We had previously warned that the US Dollar could see a large correction lower against the euro and other currencies, but we are beginning to wonder whether this is truly a correction and not the start of a broader dollar downtrend. The Euro/US Dollar fell over 1400 pips from late August into early October. It now trades nearly 750 pips off of those lows and has the psychologically significant $1.40 squarely in sight. Perhaps most impressively, the highly-correlated Dow Jones Industrial Average now trades slightly higher on a year-to-date basis despite fierce declines into early-month lows.
Some fundamental analysts argue that the Dow has rallied sharply on a real improvement in growth prospects for the US economy; we beg to differ. A stronger-than-expected US Nonfarm Payrolls report seemingly sparked the return to risk-taking across major markets. Yet the DJIA had seen massive declines into the first week of October, and the ensuing rally seems like a natural short-covering-driven correction. Indeed, stock market strength has come on exceedingly low trading volume; the S&P 500 posted a whopping 1.74% single-day gain on the lowest volume since mid-summer.
The implications for the US Dollar are relatively clear: we believe that the Greenback may continue to see short-term weakness, but a resumption of the broader equity market downtrend would likely push the USD higher into year’s end. In the coming week this means that the EURUSD could very well test the 1.4000 mark and the AUDUSD could hit fresh highs. Yet market conditions could change at a moment’s notice, and the recent wave of complacency is cause for concern.
The closely-watched S&P 500 Volatility Index (VIX) posted a record single-week decline on the dramatic stock market rallies. Such dramatic moves emphasizes that many had previously been betting on VIX gains (and S&P 500 weakness). Once positioning is fully unwound, however, bears may once again come out in force and the safe-haven US Dollar could rally sharply. - DR
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Borak-Borak Dollar USD

Kematian Osama Untuk Selamatkan Dollar US


Cerita kematian Osama diterima dengan berbelah bagi oleh masyarakat dunia, walaupun Obama buat masa ini berjaya meyakinkan sebahagian besar penduduk US berdasarkan undi populariti yang dibuat oleh mereka.

Tetapi semakin hari berbagai-bagai cerita yang berlainan di berikan oleh US apabila dunia meminta bukti tentang kematian Osama. Pada mulanya mereka katakan mayat Osama dikebumikan dilaut. Kemudiannya berjanji untuk menunjukkan gambar Osama di bunuh, tetapi tidak lama kemudian menarik balik janji tersebut dengan alasan gambar amat ngeri bimbang kemarahan umat Islam. Ada lagi kenyataan rasmi bahawa Osama di tembak di kepala dan yang paling baru ialah Osama meletupkan dirinya sendiri bagi mengelakkan di tangkap oleh askar US. Semakin hari semakin terserlah pembohongan mereka, insyaAllah Allah akan menunjukan kepada kita akan kebenarannya.

Sejarah telah membuktikan semua peperangan besar antaranya perang dunia pertama dan kedua adalah kerana faktor ekonomi. Peperangan adalah diperlukan bagi memaksa dunia menerima matawang kertas terutamanya Dollar. Inilah asas utama ekonomi riba-kapitalis. Inilah juga yang mendorong Jepun terlibat dalam peperangan dunia kedua, iaitu apabila mereka melihat pihak British berjaya meningkatkan kekayaan dengan mencetak duit-duit kertas dan dengan itu dapat membiayai penjajahan bagi meluaskan empayar mereka. Seperti tertulis dalam sejarah Tanah Melayu selepas Jepun tewas, wang kertas mereka langsung tidak bernilai. Sebenarnya inilah yang sedang dilaksana oleh US sekarang ini apabila mereka mendapati matawang Dollar turun mendadak disebabkan bebanan hutang mereka yang mesti mereka jelaskan pada bulan Jun ini atau mereka akan menghadapi risiko penurunan taraf ekonomi, kesannya lebih teruk daripada krisis ekonomi tahun 30an dulu.

Pada tanggapan mereka, berita kematian Osama yang kononnya dalang serangan 9/11 akan melonjakkan pasaran saham tetapi meleset. Amat tidak berbaloi apabila dibandingkan usaha pemburuan Osama memakan masa 10 tahun dengan mengorbankan beribu-ribu nyawa dan melibatkan perbelanjaan sekurang-kurangnya 1.3 trillion dollar. Hanya berlaku sedikit kenaikan dalam indeks DXY dari 72.72 point kepada 73.04 point pada penutup ketika hari berita itu diumumkan. Perubahan kepada kenaikan nilai dollar adalah akibat manipulasi pasaran komoditi seperti emas dan perak kononnya akibat pengukuhan nilai dollar berikutan berita tersebut. Tidak ada reaksi yang sepatutnya dari pasaran Wall Street untuk menerangkan kejatuhan nilai emas dan perak melainkan terang-terang berlakunya manipulasi.

Apakah satu kebetulan apabila masa kematian Osama datang tepat pada waktunya ketika matawang dunia ini berada dihujung tanduk? Nilai Dollar sedang turun dengan membimbangkan sejak tiga bulan yang lepas, yang melonjakkan pasaran komoditi tetapi mengancam kedudukan taraf penilaian Dollar US. Keputusan "menamatkan" Osama samada berlaku atau tidak, buat masa ini berjaya mengurangkan kebimbangan penurunan penarafan nilai Dollar, buat masa ini. Rancangan jangka pendek mereka untuk mengukuhkan nilai Dollar berjaya, tapi tipudaya akhirnya kan terbongkar dan memakan diri mereka sendiri. Kita yakin dengan janji Allah bahawa mereka (iaitu Zionis dan sekutu-sekutu mereka) akan dihancurkan dengan kehancuran yang hebat akibat dari kezaliman sistem Riba-Kapitalis hingga menyebabkan dunia porak-poranda. Mereka (Zionis) itu merancang dan Allahpun merancang, tapi perancangan Allah itulah yang paling baik!

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Original Post At Here
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CFTC Sues 14 Forex Companies

CFTC Sues 14 Forex Companies - Today, 12:27 AM
One good part of the new CFTC regulations from last year is that the CFTC has some amazing new enforcement powers. I just got a note from a good friend of the FPA about the CFTC suing 14 forex brokers.

Many of these brokers are very well known to the FPA. Some are on good terms with the FPA. Some aren't. All are invited to post public responses here about their point of view.

Here's the press release....

RELEASE: PR5974-11

January 26, 2011

CFTC SUES 14 FOREIGN CURRENCY FIRMS IN NATIONWIDE SWEEP

Action represents first use of new authority under the 2008 Farm Bill and Dodd-Frank Act to regulate foreign exchange dealers.

Washington, DC - The U.S. Commodity Futures Trading Commission (CFTC) today announced that it simultaneously filed 13 enforcement actions in Federal District Courts in Chicago, the District of Columbia, Kansas City and New York, alleging that 14 entities are illegally soliciting members of the public to engage in foreign currency (forex) transactions and that they are operating without being registered with the CFTC.

Today’s actions are the first taken by the CFTC to enforce new forex regulations that became effective in October 2010. These new regulations require entities that wish to participate in the forex market to register with the CFTC and abide by regulations intended to protect the public. These regulations require that forex dealers take steps to protect investors, including maintaining capital and records, which will reduce risk and increase transparency.

The following companies were sued by the CFTC as part of this sweep:

EuroForex Development LLC, a Delaware LLC;

FIG Solutions Limited, Inc., a Delaware corporation;

ForInvest, a Delaware corporation;

FXOpen Investments Inc., a Delaware LLC;

FXPRICE, a Delaware LLC;

GIGFX, L.L.C., a Delaware company;

InovaTrade, Inc., a company with purported offices in Florida;

InstaTrade Corporation d/b/a InstaForex, a British Virgin Islands company;

InvesttechFX Technologies, Inc., a Canadian corporation located in Toronto;

J&K Futures, Inc., a company with purported offices in California and New York;

Kingdom Forex Trading and Futures, Ltd., a Nevada company;

Prime Forex, LLC, a Delaware LLC;

Wall Street Brokers, LLC, a Delaware LLC; and

ZtradeFX LLC, a Connecticut LLC.

In the forex market, entities known as Retail Foreign Exchange Dealers (RFED) or Futures Commission Merchants (FCM) may buy foreign currency contracts from or sell foreign currency contracts to individual investors. Under the Commodity Exchange Act (CEA) and CFTC Regulations, an entity acting as an RFED or FCM must register with the Commission and abide by rules and regulations designed for investor protection, including those relating to minimum capital requirements, recordkeeping and compliance. Further, with a few exceptions, such an entity also must be registered with the Commission if it solicits or accepts orders from US investors in connection with forex transactions conducted at an RFED or FCM.

In all but two of the complaints, the CFTC alleges that a defendant acted as an RFED; that is, it offered to take or took the opposite side of a customer’s forex transaction without being registered. In the remaining two complaints, ZtradeFX LLC and FXPRICE, the CFTC alleges that the defendant solicited customers to place forex trades at an RFED without being registered as an Introducing Broker. In every complaint, the CFTC alleges that the defendant solicited or accepted orders from US investors to enter into forex transactions in violation of the Act. The CFTC has moved for preliminary injunctions preventing these defendants from operating unless and until they comply with the CEA and Commission Regulations. The CFTC’s complaints also seek civil monetary penalties, trading and registration bans, disgorgement and rescission.

The CFTC strongly urges the public to check whether a company is registered before investing funds. If a company is not registered, an investor should be wary of providing funds to that company.

A company’s registration status can be found at: BASIC Search

The CFTC also strongly urges members of the public to visit the below websites before investing money in the forex market:

CFTC Consumer Advisory: Forex Fraud: If it sounds too good to be true, it probably is!

CFTC Consumer Advisory: Foreign Currency "Forex" Fraud

Fraud Advisory from the CFTC: Foreign Currency Trading (Forex) Fraud

CFTC Fraud Advisories - CFTC

Foreign Exchange Currency Fraud: CFTC/NASAA Investor Alert

Foreign Currency Trading - CFTC

The CFTC Division of Enforcement staff members responsible for these cases are: Margaret Aisenbrey, Kathleen Banar, Barry Blankfield, Kim Bruno, Jennifer Chapin, Elizabeth Davis, James Deacon, Jennifer Diamantis, Rick Glaser, Patricia Gomersall, Amanda Harding, Jessica Harris, Paul Hayeck, Lenel Hickson, Rosemary Hollinger, William Janulis, Joseph Konizeski, Jeffrey Le Riche, Charles Marvine, Judith McCorkle, Joy McCormack, Vincent McGonagle, Kenneth McCracken, Stephen Obie, Nathan Ploener, Eliud Ramirez, Stephanie Reinhart, Xavier Romeu-Matta, Christine Ryall, Veronica Spicer, Elizabeth Streit, Manal Sultan, Lara Turcik, Stephen Turley, Richard Wagner and Scott Williamson.

The CFTC thanks the National Futures Association for its assistance in this matter.

Last Updated: January 26, 2011

Media Contacts
Dennis Holden
202-418-5088

Office of Public Affairs

The original is at www.cftc.gov/PressRoom/PressReleases/pr5974-11.html

ALLAH HU.