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Forex – Chart Usd/jpy Update: Next Support Stands At 98.65/53

budget and debt ceiling scrap. The market may become so distracted and preoccupied with these ongoing shenanigans, that expectations of tapering may soon be pushed into early next year. German Business Confidence Rises Slightly In euro-land earlier this morning, Germanys September Ifo Business Climate Index improved slightly to its highest level in a year amid higher sales expectations. Yet the market is expected to concentrate on the softer-than-expected readings in the headlines and current conditions for EUR direction. The headline rose to 107.7, but fell short of consensus of 108.2. Current conditions just fell to 111.4 from 112.0.
Source: http://www.forbes.com/sites/deanpopplewell/2013/09/24/muddled-fed-speeches-leaves-forex-traders-wondering/

Then again, any other Forex product has to be mastered, too, for obvious reasons. Technically, the review presented the benefits that the product offers to users. One, double inverse bond etf list it runs on any platform. This means that Forex traders can do their trades anywhere and on any device. Forex Profit Caster runs on laptops, desktop computers, smartphones and tablet computers and works fully online. This means that there is no waiting time involved in getting hold of the product.
Source: http://www.tmcnet.com/usubmit/-forex-profitcaster-review-examines-bill-poulos-breakthrough-trade-/2013/09/24/7431487.htm

Resistance is at 99.30 to 99.99. The material shall not, under any circumstances, be reproduced or distributed in whole or part without the prior written consent of 4Cast. The material in this report is based upon information which 4Cast considers to be reliable and the analysis and opinion in the material represents the view of 4Cast at the time of transmission (unless stated otherwise). Such analysis and opinion is subject to change without notice. The material is intended for use by parties knowledgeable and experienced in the financial sector and is only one source amongst others to be considered in carrying on their business or activity.
Source: http://www.fxstreet.com/analysis/fxmarketalerts/2013/09/24/

India’s forex reserves rise by $544.7 mn

The forex reserves had declined by $685.1 million in the previous week. Reuters However, in rupee term, the value of total reserve declined by Rs.514.7 billion to Rs.17,624.9 billion. The decline was because of the appreciation in the value of rupee against major global currencies, especially US dollar, British pound and Euro. The foreign currency assets, the biggest component of the forex reserves, increased by $500.5 million to $247.24 billion during the week under review.
Source: http://www.firstpost.com/economy/indias-forex-reserves-rise-by-544-7-mn-1124971.html

Forex – Dollar edges higher versus yen

Dudley said that adjustments to the Fed’s USD85 billion-a-month asset purchase program “need to be anchored in an assessment of how the economy is actually performing’. The Fed said last week that it wanted to see more evidence of a sustained economic recovery before it adjusted the scale of its bond buying program. The decision surprised markets, which had been expecting a modest reduction to the bank’s stimulus program. Elsewhere, the yen was slightly lower against the euro, with EUR/JPY easing up 0.13% to 133.57.
Source: http://www.moneycontrol.com/news/rupee/forex-dollaredgeshigherversusyen_955884.html

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Obama’s Message On Syria: Look The Other Way Or Accept Moral Duty?

His approval ratings are going down, so he doesnt have the ability to dictate from the bully pulpit, said John Feehery , a Republican strategist and former aide to House Republican leaders. It gives Republicans an opening. Lingering Issue If the international talks proposed by Putin to try to rid Assads regime of its chemical weapons fail to produce any real result, the Syria conflict will consume valuable legislative time and force the White House to continue to grapple with an unpopular issue. So far, the White Houses effort in Syria hasnt done much to persuade Republicans that siding with the president is a politically wise choice. Even some of the Republicans who have worked with Obama in the past and backed his pitch for military strikes said they felt burned yesterday after his policy change. He just cannot follow through, Republican Senator Bob Corker , who is part of a group working with the administration on fiscal issues, said in an interview with CNN . Hes a diminished figure here on Capitol Hill . Corker, of Tennessee , said he sent a note to Obamas chief of staff Denis McDonough saying he could not be more disappointed in Obamas handling of Syria.
Source: http://www.bloomberg.com/news/2013-09-12/obama-syria-reversal-sets-stage-for-fights-with-congress.html

“I want to know everything that they have. Everything,” Rousseff said. The White House didn’t say what specifics, if any, Rice offered Brazil on Wednesday. But even as the two officials prepared to meet in Washington, new revelations offered further fodder for Brazilian concerns about the surveillance. A report Sunday by Globo TV, based on leaked documents from Snowden, said the NSA targeted Brazil’s state-run oil company, Petrobras.
Source: http://www.foxnews.com/us/2013/09/11/obama-aide-susan-rice-tells-brazil-legitimate-questions-about-nsa-surveillance/

Irans President, Hassan Rowhani, is set to meet Putin on Friday during the Shanghai Cooperation Organization summit in Kyrgyzstan. Ronald Reagan must be spinning in his gravethe Russians are making a comeback, thanks to the Obama administration, wrote Yehuda Balanga, a professor at Bar Ilan University, in an opinion piece for Maariv on Tuesday, according to a translation by POLITICO. Despite its support of the bad guys of the Middle East (Iran and Syria), Russia seems now more than ever to have a solution to the Syrian crisis in their hands. On Wednesday, most Israeli papers did not feature a photo of the president on their front pages – instead Putin and Syrian rebels dominated. The few who did feature Obama, such as the Hebrew version of Haaretz , the popular website Walla, or the English-language newspaper The Jerusalem Post webblog , ran photos of the president from behind, looking down, or from far away. Pundits in a conversation taped for Ynet.com , the web version of centrist newspaper Yedioth Ahronoth, said after Obamas Tuesday address to the nation that the President had appeared confused and vacilating until Putin gave Obama a ladder from which to climb down from the ledge of asking Congress for military intervention. Putin spread out a safety net for Obama after he jumped, Lior Weintraub, the former spokesperson for the Israeli embassy in Washington, said in the segment.
Source: http://www.politico.com/blogs/media/2013/09/obama-in-the-eyes-of-the-israeli-press-172362.html

Coal Industry Cries Foul Over Obama Emission Rules

military intervention in Syria, his most starkly emotional appeal has focused on images of dead and wounded kids. He pointed to such imagery in his address to the nation Tuesday night, describing a father clutching his dead children, imploring them to get up and walk after an alleged sarin gas attack that killed more than 1,400 people, including hundreds of children. Video During the president’s speech Tuesday night, he laid out a number of contradictory arguments. Chris Cillizza asks The Post’s Karen Tumulty and Scott Wilson to cut through the rhetoric. More from PostPolitics Four takeaways from President Obamas Syria speech Chris Cillizza There really wasnt much definitive the president could say about the future of U.S. action in the region.
Source: http://www.washingtonpost.com/politics/obamas-tough-task-getting-americans-to-care-about-chemical-weapons-use-in-syria/2013/09/11/e3815be4-1af6-11e3-8685-5021e0c41964_story.html

Obama in the eyes of the Israeli press

emissions. The first step is to issue rules for new plants, a proposal set to be released next week. The more contentious rules would govern emissions from existing plants, and those arent scheduled to be issued until next year. The rules will be the first of their kind. The Obama administration has been waging a war on coal and Kentucky jobs ever since the president was elected, Senate Minority Leader Mitch McConnell , a Kentucky Republican, said yesterday in an e-mail. If these reports are accurate, his latest proposal is not only an open war on coal jobs, but on all the residents, jobs, and businesses across the commonwealth that rely on this vital industry. Limited Impact The practical impact of the rule is likely to be limited.
Source: http://www.bloomberg.com/news/2013-09-11/obama-said-to-ban-new-coal-plants-without-carbon-controls.html

Obama’s tough task: Getting Americans to care about chemical weapons use in Syria

If it can be achieved that the consequence of Obama’s way of thoughtfully navigating this thing has had the unanticipated consequence of leading peaceful to the destruction of Syria’s supply of chemical weapons, that would be a better outcome than we’ve had with most of our forays into geo-politically important areas with our military or threat thereof. The biggest effect of our long nightmare in Iraq, let’s not forget, has been the strengthening of Iran. But the involvement of the Russians is also used to portray Obama as failing in leadership. So we watch as many of the Republicans get up on their high horses and speak disrespectfully of how Obama’s managed this crisis. After their disasters, one might hope for a bit of humility. But that implies a degree of moral integrity that is not part of the spirit that now runs the Republican Party.
Source: http://www.dailykos.com/story/2013/09/11/1238285/-Obama-s-Syrian-Moves-Deserve-More-Respect-than-They-re-Getting

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Possible Strike On Syria Shakes Up Stock Market

A huge drop with just word from putin on syria. In the meantime, the other concern, you say, oil prices, already at what, a two-year high? Reporter:110 a barrel. And right now, americans are paying $3.57 at the pump.
Source: http://abcnews.go.com/WNT/video/strike-syria-shakes-stock-market-20195786

Dubai stock market leaps on hopes for Syria settlement

Unemployment fell to 7.3%, which puts it closer to the Federal Reserve’s target of 6.5%. Some analysts argued that the report contained more bad news than good. Only 169,000 jobs were created instead of the 180,000 economists expected. The workforce participation rate fell to 63.2%, its lowest level since 1978.
Source: http://finance.yahoo.com/news/market-outlook-little-known-indicator-193000672.html

Market Outlook: Little-Known Indicator Warning of a Pullback

( NRGM ), Marketo Inc. ( MKTO ), Starwood Property Trust Inc. ( STWD ), Stratasys Ltd. ( SSYS ) and Virtus Investment Partners Inc.
Source: http://finance.yahoo.com/news/companies-raising-over-3-billion-140056268.html

China’s Xi sends spicy pickle stock soaring

Syria welcomes Russian initiative CNBC’s John Harwood and Eamon Javers report on the administration’s use of social media to gain support for strikes on Syria. James Paulsen of Wells Capital Management and Helima Croft of Barclays weigh in. “The index has been trading on news flow rather than fundamentals,” Saleem Khokhar, head of equities at the National Bank of Abu Dhabi, told CNBC. Developer Emaar Properties, the heaviest stock on the index, surged 8.5 percent. Real estate stocks were among the better performing sectors, up 9.5 percent.
Source: http://www.cnbc.com/id/101022566

5 gut checks before http://www.todayhotstocks.com the stock market’s opening bell

“China’s stock market doesn’t want value investing. Speculation is the most important,” said Xiao Wu Heng in a microblog posting on Sina Weibo, China’s equivalent to Twitter. There was “always unparalleled and rich imagination” in the market, said another. By Tuesday afternoon the shares had surrendered some gains on the Shenzhen stock exchange but were still up 8.46 percent at 34.60 yuan ($5.58). It is not the first time the country’s first family has put the spotlight on a Chinese product.
Source: http://www.foxnews.com/world/2013/09/10/china-xi-sends-spicy-pickle-stock-soaring/

Companies Raising Over $3 Billion in New Stock Sales

Europe /quotes/zigman/2380150 XX:SXXP is higher, while futures on the Dow /quotes/zigman/11753299 YMU3 and the S&P /quotes/zigman/10359609 ESU3 are pointing sharply higher in the premarket. The buzz: Icahns decision to get out of Dells /quotes/zigman/27952 /quotes/nls/dell DELL way is the top story on Googles business page. Dont worry, he still plans on getting his tweet on . This stock will implode. Remember Iomega? a question from the MarketWatch peanut gallery on a roundup as to why Tesla is caught in a funk , even though theres no newsy reason for its recent underperformance.
Source: http://blogs.marketwatch.com/need-to-know/2013/09/10/5-gut-checks-before-the-stock-markets-opening-bell-35/

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Citigroup To Close Trading Desks On Cbot Floor: Source

company by a Chinese buyer. Related: Smithfield CEO says no meat will be imported from China Little more than a week after the deal was announced, the SEC obtained an emergency court order to freeze Badin’s U.S. brokerage account. Among his possible sources of information, the agency said, is “a Facebook friend who was an associate director at the investment bank for a different company that was considering a Smithfield acquisition.” An SEC spokesman declined to comment on whether additional suspects are facing scrutiny. Badin agreed to the settlement without admitting or denying the allegations. “Our client is very pleased with the result,” said Jose Lopez, a lawyer for Badin.
Source: http://money.cnn.com/2013/09/05/investing/smithfield-insider-trading/index.html

For years, Citi was a fixture in trading pits that established Chicago as the center of the world’s futures trade more than a century ago. Citi has a sales staff of about 20 in Chicago who handle trading in interest rate products, equities and commodities. Most will keep their jobs except for those whose jobs that are tied to floor activity, such as floor runners, according to the source. Citigroup spokesman Scott Helfman offered the following statement but would not comment further: “Citi is committed to the futures business and we will continue to be an active market participant in the sector.” The shift away from open-outcry trading has accelerated since June 2102, when the CME Group (CME.O), parent of the CBOT, changed the way grain futures are settled at the end of the trading day. Under the new rules, settlement prices, which had long been established solely in the open-outcry pits, became based on a blend of electronic and pit-traded values.
Source: http://www.reuters.com/article/2013/09/06/us-citigroup-cbot-idUSBRE98513U20130906

“I do think this guy is a gem,” Dubee said. “I think he is going to play some big role on a pitching staff and it will be a nice little chance to take a different look at him.” Dubee said that Martin would likely be available to pitch on Saturday. He threw 42/3 innings in Tuesday’s 9-6 loss to the Washington Nationals. Dubee on Doc Dubee said he is very encouraged by Roy Halladay in his three starts since coming back from his May 15 shoulder surgery. Halladay has a 4.23 ERA in 17 innings with eight strikeouts and nine walks.
Source: http://www.philly.com/philly/sports/phillies/20130907_Trading_places__Martin_moves_to_bullpen__Cloyd_to_start.html

China Everbright fined for insider trading

Users can access it through the ActivePivot browser, a Web-based user interface which lets users analyze their risk, manage their limit workflows while facilitating collaboration between risk managers and traders sharing real-time views of risk positions. Users can also Rydex ETF List access the information through Excel Table Pivot, said Reinhardt. Bory said that because Quartet FS runs in memory, it runs analytics very fast. With Dekabank we demonstrated that we have two very different departments with two different types of users together on the same platform. Other Quartet customers and prospects are working on a similar arrangement, he added.
Source: http://www.forbes.com/sites/tomgroenfeldt/2013/09/06/dekabank-links-trading-and-risk-with-in-memory-analytics/

Trading places: Martin moves to bullpen, Cloyd to start

Disclaimer . Morningstar: 2013 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM 2013 is proprietary to Dow Jones & Company, Inc.
Source: http://money.cnn.com/2013/09/02/news/china-everbright-fine/index.html