Trading Economic News

**Sean Hyman** · 01-21-2010, 12:44 PM

Obama attempts to limit proprietary trading by banks: Obama Says No Bank Should Have Proprietary Trading (Text) - Bloomberg.com

Unemployment claims in the U.S. worsen.

Philly Fed numbers come in mixed...upward revision from last time but lower than expectations this time.

**Alex Denlinger** · 01-22-2010, 12:26 PM

Originally Posted by Sean Hyman

Obama attempts to limit proprietary trading by banks: Obama Says No Bank Should Have Proprietary Trading (Text) - Bloomberg.com

Unemployment claims in the U.S. worsen.

Philly Fed numbers come in mixed...upward revision from last time but lower than expectations this time.

So do you think that the CFTC margin 10 to 1 proposal had anything to do with Obama's statements? Or would you say its pretty much seperate?

**Sean Hyman** · 01-25-2010, 12:13 PM

U.S. Existing Home Sales came in worse than expected. The USD & JPY tanked after the news.

By the way, this can be a great place to get the analyst's "real time comments" about news events here: DailyFX Forex Stream

**Jason Rogers** · 01-25-2010, 12:24 PM

Originally Posted by Alex Denlinger

So do you think that the CFTC margin 10 to 1 proposal had anything to do with Obama's statements? Or would you say its pretty much seperate?

Hi Alex,

The two are pretty much separate.

I would say forex leverage requirement was not on the administration's radar when the 10 to 1 leverage proposal was announced.

What the administration has been focused on is 1) cap on oil position sizes which was recently enacted by the CFTC , 2) reduction in speculation by banks and further bank regulation and 3) eventual cap and trade for carbon emissions.

We have a discussion thread created where you can find details on how to email your comments on the 10 to 1 leverage proposal to the CFTC

http://forexforums.dailyfx.com/new-c...0-1-limit.html (NEW CFTC proposed regulations for retail Forex: Leverage Subject to a 10-to-1 limit)

-Jason

**Sean Hyman** · 01-25-2010, 03:11 PM

Be aware that the World Economic Forum's annual meeting begins on Wednesday in Davos, Switzerland:

WEF annual meetings are held in Davos and attended by central bankers, prime ministers, finance ministers, trade ministers, and business leaders from over 90 countries. Most meetings are open to the press and officials usually talk with reporters throughout the day. Comments from central bankers and other influential officials can create significant market volatility.

**Sean Hyman** · 01-26-2010, 12:48 PM

3 year spending freeze coming? Obama to Call for Three-Year Freeze on Some Spending (Update1) - Bloomberg.com

Obama's proposing it today.

**Sean Hyman** · 01-27-2010, 01:25 PM

George Soros is in Davos, Switzerland at the World Economic Forum...and he's opposing Obama's "bank levy" agenda: DAVOS-Soros says Obama bank levy premature, backs other plans | Reuters

**Sean Hyman** · 01-27-2010, 02:18 PM

Text of FOMC meeting: Text of FOMC statement The Fed - MarketWatch

**Sean Hyman** · 01-28-2010, 01:58 PM

S&P comments hurting the British pound today: S&P Says U.K. Banks Are No Longer ?Among Most Stable? (Update2) - Bloomberg.com

**Sean Hyman** · 01-29-2010, 11:24 AM

Hmmmmmm, U.S. GDP better than expected....but I'm still suspicious. More on that, here: http://forexforums.dailyfx.com/blogs...g-morning.html

**Sean Hyman** · 02-01-2010, 11:48 AM

Wells Fargo says, higher U.S. interest rates are coming: Wells Fargo Shuns Carry-Trade, Braces for Risk of Higher Rates - Bloomberg.com

**Sean Hyman** · 02-01-2010, 11:11 PM

Aussie interest rates came in at 3.75% vs. 4.00% expected...the Aussie tanked across the board vs. about any pair you can name! Ouch!

**Sean Hyman** · 02-02-2010, 11:00 AM

The Australian interest rate news is still crushing the AUD this morning still...most all of the momentum this morning is on Aussie pairs across the board.

So "Aussie selling" is still the theme of the day so far.

**dharminpdesai** · 02-02-2010, 05:13 PM

Originally Posted by Sean Hyman

Wells Fargo says, higher U.S. interest rates are coming: Wells Fargo Shuns Carry-Trade, Braces for Risk of Higher Rates - Bloomberg.com

Thanks Sean, very interesting note...

**Sean Hyman** · 02-02-2010, 09:22 PM

Originally Posted by dharminpdesai

Thanks Sean, very interesting note...

dharminpdesai, glad you liked that. Thanks for checking out this area of the forum. It's a relatively newer area in relation to the rest of the forum.

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