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Hedgehogs.net's connections' blogs

FOREX: Dollar Puts in for its First Loss in for its First Loss in Six Days as Anti-Euro Sentiment Eases

May 10, 2011 by SteveT   Comments (0)

After the impressive performance it posted last week , the dollar was bound to ease off it rally to start this week. This is especially true considering the greenback borrowed much of its strength through the pains of its benchmark counterpart rather than generating the move on its own.

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Tepco president asks Japan government for help

May 10, 2011 by SteveT   Comments (0)

TOKYO (MarketWatch) — Tokyo Electric Power Co. President Masataka Shimizu said Tuesday that he asked for government support as the utility pays compensation for damages caused by its disaster-hit Fukushima Daiichi nuclear power plant, according to reports. At a meeting with Japan’s Chief Cabinet Secretary Yukio Edano and trade minister Banri Kaieda, Shimizu reportedly said Tepco will continue its restructuring and sell assets. Shimizu also said Tepco is having fundraising difficulties, reports said.

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China’s April Trade Balance

May 10, 2011 by SteveT   Comments (0)

Expecting a 3.2B surplus in April, China’s Trade Balance reading came out much higher than expected at 11.42B (prior reading of 0.14B. ) The USD gained a minor bid on the delayed release, as the increase was driven by a decrease in imports, which could continue the pressure we are beginning to see on some commodities. The details are as follows:

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Greek Rhetoric

May 10, 2011 by SteveT   Comments (0)

“Never believe anything in politics until it has been officially denied”, has been variously attributed to Otto von Bismarck, the 19th century German Chancellor and in a slightly varied form to Claude Cockburn the 20th century British journalist. If repetition is a source of official authority then the restructuring of Greek sovereign debt must be a near certainty. There probably isn’t an official source in Europe that hasn’t denied that restructuring is being considered, is a possibility or is warranted.

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Forex – Chart USD/TWD Update: Settled into consolidation

May 10, 2011 by SteveT   Comments (0)

Published at 01:33 (GMT) 10 May The strong decline to 28.560 low last session is dissipating pressure towards upside and more likely for intraday trade to settle into consolidation. Good support is seen at 28.512 and only a sustained move below latter to set bears back on strong footing. R5: 28.967

FXstreet.com: Technical: Technical Market View

Forex – Chart USD/TWD Update: Settled into consolidation is a post from: The Forex Trading System Blog

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Microsoft near over-$7-billion deal for Skype: WSJ

May 10, 2011 by SteveT   Comments (0)

LOS ANGELES (MarketWatch) — Microsoft Corp. is nearing a deal worth more than billion to buy Internet-phone provider Skype Technologies SA, The Wall Street Journal reported late Monday, citing people familiar with the matter. Talks on the deal were wrapping up Monday evening, with an agreement to be announced as early as Tuesday, the report said, but added the transaction could still fall apart. Microsoft and Skype declined to comment for the report, the newspaper said.

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Venture-Capital Newbie Shakes Up Silicon Valley

May 10, 2011 by SteveT   Comments (0)

Marc Andreessen, co-founder of Netscape and newly minted venture capitalist, is helping change the Silicon Valley deal landscape. His network has helped him get into prime private deals. Some of his more established rivals aren’t amused.

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