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GBPCAD: Inflation, inflation everywhere, will catch central bankers unaware

May 17, 2011 by SteveT   Comments (0)

Bank of Canada (BOC) governor Mark Carney last night said higher taxes and energy prices would keep CPI inflation above 3.0% for some time. In March CPI inflation came in at 3.2%, well above the expected 2.8%, while Fridays April CPI is forecast to reach 3.4%. Carney made no reference to interest rate hikes to cool underlying inflation which he described as “relatively subdued”. Interest rates have now been at 1.00% since September when they hiked 0.25%. Carney voiced his concern that exports

FXstreet.com: Technical: Technical Market View

GBPCAD: Inflation, inflation everywhere, will catch central bankers unaware is a post from: The Forex Trading System Blog

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Citadel allowing faster withdrawal rate: report

May 17, 2011 by SteveT   Comments (0)

SAN FRANCISCO (MarketWatch) — Citadel LLC, the hedge fund firm managed by Ken Griffin, is allowing investors to exit its Kensington and Wellington funds more quickly to attract new investors, Bloomberg News reported Tuesday, citing two unidentified sources close to the development. Investors may now withdraw 10% of their assets a quarter, compared with a previous withdraw rate of one-sixteenth of their assets a quarter, according to Bloomberg. A Citadel spokeswoman did not provide a comment when asked about the Bloomberg article.

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FOREX-Euro vulnerable vs dollar to Greek debt issues

May 17, 2011 by SteveT   Comments (0)

* Greek concern lingers; Juncker talks of soft restructure * Hedge funds, CTAs buying euros again-fund of funds * Cross/yen pairs rally on talk of M&A flows (Adds quote, updates prices) By Gertrude Chavez-Dreyfuss …

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Debt Ceiling Reached.

May 17, 2011 by SteveT   Comments (0)

It certainly has not surprised anyone, but on Monday the United States reached its .3 trillion limit on federal borrowing. That means, that legally, the government cannot borrow any more money and should stop functioning. Of course, that will not happen. Our enterprising Treasury Secretary Timothy Geithner announced that with “unexpected revenue and bookkeeping maneuvers” (creative accounting) he can keep the government running for another 11 weeks. After that, the game is up, although it is virtually certain that congress will agree to raise the debt ceiling.

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