LINKS-ДАЙДЖЕСТ 24.02.2012

David Rosenberg Presents The Six Pins That Can Pop The Complacency Bubble

Подробный материал по этой статье, который я подготовил, можно найти здесь:

Both NYSE and ES (e-mini S&P futures) volumes were the lowest of the year so far. This is the lowest non-holiday trading day on the NYSEVOL (from Bloomberg) since its data began a decade ago and eyeballing ES volumes, this appears to be one of the lowest ever volumes of the last few years. For those who think this is irrelevant as the market's price has risen and so total USD volume remains approximately equal - wrong! Today is the lowest USD volume day since the mid 2009 (which tended to coincide with holiday trading volumes around July 4th) - making today's USD trading volume less than 50% of their 2004-2007 average!

В пятницу был наименьший объем торгов на NYSE за десятилетие. Это меньше, чем 50% от среднего объема торгов в 2004-2007 году

Торговый диапазон дня тоже наверно был минимальным за несколько дней: 5,5 пунктов (1363,47-1368,92)

Euphoria Shifts From Stocks To Commodities

Эйфория сдвинулась о рынка акций к рынку биржевых товаров

With LTRO 2 already priced in, and the Fed having been handed the baton of printing by the rest of the world's central banks this weekend at the G20 meetings, we suspect the liquidity will remain pumping in Oil until the CME steps on its throat or someone disappoints a perilously over-the-top market for stocks (and slightly less so credit now as it has started to awaken from its risk slumber) with a PSI deal fail, disappointing LTRO, new record Oil, or our favorite the unknown unknown consequence.

Guest Post" The "Housing Recovery" In One Index

О том, как идет восстановление рынка недвижимости с помощью одного графика.

And This Is What Greece Spends Its Bailout Money On

А это о том, куда Греция тратит полученные деньги

Research - ECB: LTRO II

Исследование по LTRO

Greek Debt Swap - It's On

Forex.com о предстоящем LTRO

Объявление о результатах, кстати, последует в 14.15 по Москве.

On Wednesday at 0515ET/1015GMT, the results of the ECB's second (and, for now, final) Long-Term Refinance Operation (LTRO) will be announced. Markets are expecting Euro-area banks to draw around EUR450 bio in fresh 3-year financing, slightly less than the EUR 489 bio taken up at the Dec. 22 LTRO. Should banks take up less than EUR 400 bio, we think European government bond markets may be disappointed and we could see yields start to move higher again, which might take some of the wind out of the euro's sails.

Forex.com ожидает порядка €450 млрд. Если будет меньше, то компания ожидает, что рынки постигнет разочарование и по ним пронесется волна продаж

Next week also sees the usual month-end portfolio rebalancing flows and we expect to see a bias toward further USD-selling, typically culminating each day in the hours leading up to the 1600GMT/1100ET London fixing. The strongest dollar-sell indications are against the commodity currencies (AUD, CAD and NZD), but also against GBP, CHF and JPY. For the JPY, however, as we discuss below, we would not look to sell USD/JPY.

Аналитики Forex.com пишут о ребалансировании портфелей, которое происходит в конце месяца. Честно говоря, я не понял этого вопроса.

Более подробно о ребалансировании портфелей здесь:

February Month-End Rebalancing Flows (24 February 2012)

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Греция сделает предложение частным инвесторам

Драги: Европа неустойчива и восстанавливается очень медленно

Меркель и Юнкер проведут переговоры перед саммитом ЕС

ВВП Германии в 4 квартале упал на 0,2%

AUD Rallies As RBA's Stevens Says He Is Happy With Current Policy

Глава ЦБ Австралии заявил, что он доволен текущей политикой