The News / Hottest

reuters.com

• Euro rises to session high of $1.3119 as buyers emerge on dips
  
• But gains limited as Italy political gridlock weigh
  
• Euro rise capped at $1.3123, its 100-day moving average
  
• Bernanke's testimony at 1500 GMT

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rt.com

Japan’s parliament has passed a 13.1 trillion yen ($142 billion) additional budget, part of a wider stimulus package announced by Prime Minister Shinzo Abe's cabinet in January to boost the national economy and fight deflation.
The original budget for the 2012 fiscal year amounted to 90.3 trillion yen ($1.16 trillion). The new budget for 2013 stands at 92.6 trillion yen ($1.02 trillion), relying on borrowing to cover 46.3% of the spending.

Attachment 83


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http://etfdailynews.com

For the past several weeks, everywhere I looked all I could find was bullish articles. After the fiscal cliff was patched at the last second, prices surged into the 2013 and have since climbed higher all the way into late February.

The price action in the S&P 500 Index since February 20th has erased most of the gains that were created in the entire month of February already and lower prices are possible, if not likely. However, there are opportunities to learn from this recent price action.

Attachment 85


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reuters.com

Hospitality Properties Trust (NYSE: HPT) today announced that it has entered a letter of intent and an exclusive negotiating period for hotel investments with NH Hoteles, SA (BME: NHH) (NYSE: NHHEY (ADRs)) in Latin America, Europe and the USA totaling approximately US $375 million.


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resourceinvestor.com

U.S. dollar gold bullion prices fell slightly in Wednesday morning's London trading, but held above the $1,600 per ounce level it rallied above yesterday after Federal Reserve chairman Ben Bernanke told Congress that that Fed's ongoing quantitative easing policy "is providing important support to the recovery" and that the benefits "are clear."

Attachment 89

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couriermail.com.au

The euro was priced at $1.3136 around 0900 AEDT up from $1.3061 late on Tuesday.

The dollar's decline came as US Federal Reserve Chairman Ben Bernanke wound up two days of twice-yearly testimony to Congress, reaffirming that the Fed would continue its ultra-loose monetary policy to support the tepid US recovery.



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reuters.com

* Euro off lows, steadier after early-week selloff
* Healthy demand at Italy bond sale offset political uncertainty
* Strong U.S. durable goods orders support risk appetite
* Japan nominates Kuroda as next BOJ chief as expected, no yen reaction
* Market takes U.S. fiscal spending cuts threat in stride



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dailyfx.com

I sold EURSEK at 8.7315 expecting Risksbank to keep rates on hold while the ECB leans toward easing in 2013 as recession lingers. I added to the position at 8.6409 as a corrective rebound launched in early January faltered. Prices are now consolidating below resistance at 8.4764 and I wil continue to hold short, looking for a close below 8.4234 to expose 8.3618. A stop-loss will be triggered on a close above 8.6377.



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dailyfx.com

Royal Bank of Canada (RY on TSX and NYSE) today reported net income of $2,070 million for the first quarter ended January 31, 2013, up $215 million or 12% from the prior year, and up $159 million or 8% from the prior quarter, reflecting record earnings in both Personal & Commercial Banking and Wealth Management, as well as strong performance in Capital Markets.


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reuters.com

* Euro poised to notch worst loss vs dollar since May 2012
* Concerns about Italian political deadlock weigh on euro
* IMF to cut growth forecasts if U.S. spending cuts emerge
* Japan nominates Kuroda as next BoJ chief, as expected


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