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	<title>IAI Review.org &#187; CMC</title>
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	<link>http://www.iaireview.org</link>
	<description>Alternative Investment Industry</description>
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		<title>FOREX MORNING COMMENT</title>
		<link>http://www.iaireview.org/2011/04/forex-morning-comment-105/</link>
		<comments>http://www.iaireview.org/2011/04/forex-morning-comment-105/#comments</comments>
		<pubDate>Thu, 07 Apr 2011 16:29:00 +0000</pubDate>
		<dc:creator>staff</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[FOREX, CFD, and Financial Spreadbetting]]></category>
		<category><![CDATA[CMC]]></category>

		<guid isPermaLink="false">http://www.iaireview.org/?p=5346</guid>
		<description><![CDATA[Last nights Fed minutes indicate that debates had already begun about the need for further stimulus measures for the US economy when the current round of bond purchases ends in June, even before this week’s little spats between various Fed officials.
Despite Bernanke’s comments earlier this week about inflationary pressures remaining anchored there remains a number of members who do not share this view, or are expressing doubts about it and even the Fed chairman himself suggested that the Fed would be watching inflation very closely in case he was wrong. 
It’s amazing what a single PMI figure can do as the pound got a boost from a surprise rebound in services PMI data for March, coming in at a 13 month high of 57.1, well above expectations of 52.6. It is to be hoped that today’s industrial and manufacturing production data for February will be similarly positive with expectations of ...]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>STERLING IDEAS (EUR,USD,CAD)</title>
		<link>http://www.iaireview.org/2010/07/sterling-ideas-eurusdcad/</link>
		<comments>http://www.iaireview.org/2010/07/sterling-ideas-eurusdcad/#comments</comments>
		<pubDate>Wed, 14 Jul 2010 14:07:49 +0000</pubDate>
		<dc:creator>staff</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[CMC]]></category>

		<guid isPermaLink="false">http://www.iaireview.org/?p=3089</guid>
		<description><![CDATA[Euro’s latest rebound emerged on stabilizing inter-bank liquidity but without any marked improvement on the sovereign front 
Today&#8217;s FOMC minutes (18:00 GMT) will reiterate that inflation is the last thing on the minds of the Committee. 
London – 14th July 2010
EURGBP may be attempting to break its 4-month losing streak (longest since 1999) but is likely to fail as GBP unleashes a series of bullish econ data and traders begin to see beyond the pessimism of BP. Euro’s latest rebound emerged on stabilizing inter-bank liquidity but without any marked improvement on the sovereign front. Yesterday’s Portugal downgrade by Moody’s was seen merely as another Moody&#8217;s catch-up with similar downgrades from Fitch and S&#38;P in May and April respectively. The question remains with Spain’s sovereign outlook, especially as all 3 agencies sticking to their negative outlook. The contrasting inflation picture is another negative for EURGBP, with Eurozone June CPI at 1.4% ...]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>FOREX MORNING COMMENT</title>
		<link>http://www.iaireview.org/2010/07/forex-morning-comment-17/</link>
		<comments>http://www.iaireview.org/2010/07/forex-morning-comment-17/#comments</comments>
		<pubDate>Tue, 13 Jul 2010 14:01:42 +0000</pubDate>
		<dc:creator>staff</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[CMC]]></category>

		<guid isPermaLink="false">http://www.iaireview.org/?p=3069</guid>
		<description><![CDATA[The pound will be in the spotlight today and this week with a number of economic announcements starting with the release of the delayed UK final Q1 GDP data, and current account figures. After Friday’s poor PPI and trade data any disappointment here could well heap further pressure on the pound and exacerbate the losses seen on Friday. The final revision of GDP is expected to come in unchanged from the previous reading around 0.3% despite speculation about the reasons for the delay from June 29th, and possible problems with the quality of the data. 
Political instability in Japan has hurt the yen over the weekend after weekend elections made it less likely that the new Prime Minister will be able to take steps to reduce the size of the Japanese public deficit, and also put his own position under some threat after his party lose their majority in the ...]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>AUDCAD COMPETE FOR JOBS, S&amp;P500 AWAITS EARNINGS</title>
		<link>http://www.iaireview.org/2010/07/audcad-compete-for-jobs-sp500-awaits-earnings/</link>
		<comments>http://www.iaireview.org/2010/07/audcad-compete-for-jobs-sp500-awaits-earnings/#comments</comments>
		<pubDate>Mon, 12 Jul 2010 15:05:31 +0000</pubDate>
		<dc:creator>staff</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[CMC]]></category>

		<guid isPermaLink="false">http://www.iaireview.org/?p=3050</guid>
		<description><![CDATA[Canada and Australia continue to surprise with notable improvements in their labour markets 
As long as US lawmakers stand against China’s joint venture plans (steel, oil and gas), the flow billions of Chinese investments are due to reach Canadian oil and gas properties in coming years
S&#38;P500 awaits Q2 earnings 
London – 12th July 2010
Canada and Australia continue to surprise with notable improvements in their labour markets. Friday’s stellar 93K increase in Canada’s June employment was the second biggest on record. Unemployment unexpectedly hit a 14-month low of 7.9% from 8.1%. In Australia, June unemployment fell to 5.1% to reach 15-month lows, while payrolls adding 46K, the 4th consecutive month in positive territory. The main difference between the RBA and BoC is that the former remains at the nascent stage of normalizing its tightening policy (raised rates by only 25 bps from the 0.5% low) while the RBA raised rates by ...]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>FOREX MORNING COMMENT</title>
		<link>http://www.iaireview.org/2010/07/forex-morning-comment-16/</link>
		<comments>http://www.iaireview.org/2010/07/forex-morning-comment-16/#comments</comments>
		<pubDate>Mon, 12 Jul 2010 14:37:49 +0000</pubDate>
		<dc:creator>staff</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[CMC]]></category>

		<guid isPermaLink="false">http://www.iaireview.org/?p=3044</guid>
		<description><![CDATA[The Euro has continued its recent surge higher on the back of renewed optimism about the banking system, and the outcome of the forthcoming European stress tests, but also on the back of a significant recovery in both German imports and exports for May.  
The European Central Bank also sounded a cautiously upbeat note on recovery as both it and the Bank of England left monetary policy unchanged yesterday, which was no surprise, but there is some concern that UK rates may be susceptible to upward pressure, if UK inflation figures due out next week remain “sticky”.
Today’s release of UK Producer Prices input and output prices for June may give some clues as to the extent of inflationary pressures building up in the UK economy and manufacturers willingness to pass increases in costs down through the supply chain.
Today’s release of the UK total trade balance for May is expected to ...]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>NEGATIVE TRIFECTA UNLIKELY TO CONTINUE</title>
		<link>http://www.iaireview.org/2010/07/negative-trifecta-unlikely-to-continue/</link>
		<comments>http://www.iaireview.org/2010/07/negative-trifecta-unlikely-to-continue/#comments</comments>
		<pubDate>Wed, 07 Jul 2010 13:52:24 +0000</pubDate>
		<dc:creator>staff</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[CMC]]></category>

		<guid isPermaLink="false">http://www.iaireview.org/?p=2947</guid>
		<description><![CDATA[The rare negative trifecta currently weighing on yields, stocks and the US dollar is underlined by a common denominator of disinflationary expectations coupled with fears of a double dip recession. This helps explains the spread between US &#38; German 10 year yields (US minus GE) falling to its lowest level of the year at 34 bps (0.35%) last week. 
USD is at risk of prolonged retreat as the focus remains on US data, with EUR, GBP benefiting from the recent stabilization in European data.
USD is at risk of prolonged retreat as the focus remains on US data, with EUR, GBP benefiting from the recent stabilization in European data. USD selling could extend in the short-term as stocks reach for a much-needed rebound during a period of relative data vacuum.
The rare negative trifecta currently weighing on yields, stocks and the US dollar is underlined by a common denominator of disinflationary expectations ...]]></description>
		<wfw:commentRss>http://www.iaireview.org/2010/07/negative-trifecta-unlikely-to-continue/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>FOREX MORNING COMMENT</title>
		<link>http://www.iaireview.org/2010/07/forex-morning-comment-13/</link>
		<comments>http://www.iaireview.org/2010/07/forex-morning-comment-13/#comments</comments>
		<pubDate>Tue, 06 Jul 2010 07:40:27 +0000</pubDate>
		<dc:creator>staff</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[CMC]]></category>

		<guid isPermaLink="false">http://www.iaireview.org/?p=2915</guid>
		<description><![CDATA[London – 6th July 2010
Yesterday’s US holiday gave the market the perfect excuse to do as little as possible as currencies traded in fairly tight ranges.
Concerns about global growth continue to weigh on markets over the last 24 hours after the slowing service data out of China last week, with UK Service sector PMI for June yesterday coming in slightly worse than expected at 54.4, against an expectation of 55.0, its slowest rate for 10 months. This weaker than expected data knocked the pound lower and has lowered expectations of any move higher, or indication of a move higher on interest rates in the near future. The other noteworthy announcement on an otherwise quiet day was the addition of NIESR’s Martin Weale to the Monetary Policy Committee from the August meeting, though this was largely met with indifference by the market due to the fact that he sits broadly between ...]]></description>
		<wfw:commentRss>http://www.iaireview.org/2010/07/forex-morning-comment-13/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>FOREX MORNING COMMENT</title>
		<link>http://www.iaireview.org/2010/07/forex-morning-comment-12/</link>
		<comments>http://www.iaireview.org/2010/07/forex-morning-comment-12/#comments</comments>
		<pubDate>Mon, 05 Jul 2010 16:18:00 +0000</pubDate>
		<dc:creator>staff</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[CMC]]></category>

		<guid isPermaLink="false">http://www.iaireview.org/?p=2911</guid>
		<description><![CDATA[Yesterdays better than expected 3 month European Central Bank lending auction saw a much lower take up of euros than the market had expected at €131.9bn, and this saw the single currency regain some ground, as concerns about the European banking sector subsided a little in lieu of today’s maturity in the 1 year emergency loan facility. 
This smaller roll-over than expected has served to assuage some of the anxiety felt by market participants about the solvency of European banks.
The pound also suffered from a bout of profit-taking after its recent gains on the back of slightly more dovish comments from MPC member Adam Posen who countered fellow MPC member Andrew Sentance’s hawkish remarks the day before.
However risk appetite has continued to remain fragile and yesterday’s US ADP numbers underlined the fragility of investor sentiment when they came in much lower than expected at 13k against an expectation of 60k. ...]]></description>
		<wfw:commentRss>http://www.iaireview.org/2010/07/forex-morning-comment-12/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>FOREX MORNING COMMENT</title>
		<link>http://www.iaireview.org/2010/06/forex-morning-comment-11/</link>
		<comments>http://www.iaireview.org/2010/06/forex-morning-comment-11/#comments</comments>
		<pubDate>Tue, 29 Jun 2010 12:49:51 +0000</pubDate>
		<dc:creator>staff</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[CMC]]></category>

		<guid isPermaLink="false">http://www.iaireview.org/?p=2801</guid>
		<description><![CDATA[London – 29th June 2010
The single currency continues to be the currency market whipping boy as markets continue to adopt a risk-averse approach to currencies with sterling being one of the main beneficiaries of the Euros’ woes. 
Widening CDS spreads and high interbank lending rates across Europe have increased funding pressures, with interbank rates at 7 month highs. There is also a potential liquidity shortfall of €100bn this Thursday as European banks have to repay €442 billion euros to the ECB on Thursday.
With debt auctions later this week in France and Spain, and rather weak demand for Italian paper yesterday, markets remain concerned about the solvency of EU nations.
The pound was boosted by comments from Bank of England Monetary Policy committee member Andrew Sentance who suggested that interest rates may have to rise sooner rather than later, despite the emergency budget, to deal with the current sticky level of inflation. ...]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>FOREX MORNING COMMENT</title>
		<link>http://www.iaireview.org/2010/06/forex-morning-comment-10/</link>
		<comments>http://www.iaireview.org/2010/06/forex-morning-comment-10/#comments</comments>
		<pubDate>Fri, 25 Jun 2010 09:05:46 +0000</pubDate>
		<dc:creator>staff</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[CMC]]></category>

		<guid isPermaLink="false">http://www.iaireview.org/?p=2772</guid>
		<description><![CDATA[As far as currency markets are concerned the subject of sovereign debt and Greece remain the focal point, however there is also concern about what President Obama may say about US plans for new financial industry regulation later today, which could increase rules on banks and force separation of investment banking and retail banking, and this has seen the yen rebound slightly.
The Euro has continued to slide lower, with the spread on 10 year Greek bonds blowing out to in excess of 500 basis points yesterday, above its German equivalent, as the likelihood of a Greek default continues to increase. 
France has already confirmed its contribution of €6.3bn towards the package, however interestingly Germany has not, and Greece is running out of time with the next rollover due in May, and Greek workers beginning new waves of strikes.
Portuguese and Spanish yields are also now coming under pressure as the debt ...]]></description>
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		<slash:comments>2</slash:comments>
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