April 11th, 2011 by Belisarius
*** The Big Picture:Does Fed Intervention Produce Low Volume Rallies? ***
*** Calculated Risk: Fed’s Dudley: Not “enthusiastic about tightening policy too early” ***
*** Calculated Risk: Fed’s Yellen: Too soon to exit QE2 ***
*** Calculated Risk: Economic Outlook and Downside Risks ***
*** FT beyondBRICs: China’s deficit: bullish for the redback ***
*** Quantivity: Portfolio Theory is Dead, Now What? ***
*** The Reformed Broker: Inside the Currency Boiler Rooms ***
*** Slope Of Hope: Weekend Summary – Bulls Still in Control ***
*** Slope Of Hope: Want to Feel Inadequate? ***
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April 11th, 2011 by Belisarius
Weekly economic calendar.
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April 11th, 2011 by Belisarius
China trade balance was reported at USD 0.14 billion vs. USD -7.3 billion in February and USD -3.4 billion consensus. Export and import growth were running at 35.8 and 27.3 percent vs. 2.4% and 19.4% y-o-y in February
For Q1 2011, exports and imports rose by 26.5% y-o-y and 32.6% y-o-y, with the trade deficit atUS$1bn.
Better than consensus, but high commodity prices clearly kicking in.
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April 11th, 2011 by Belisarius
Baltic dry index fell 9.5% last week; Capesize Index was down 10.0%; Panamax Index fell 11.9%; Supramax Index was down 3.6%; Handysize Index was unchanged.
Oversupply across the board…
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April 11th, 2011 by Belisarius
Number of crude oil drilling rigs rose for 9; Number of natural gas drilling rigs fell for 14.
On world scale number of oil & gas drilling rigs fell for 92 in February.
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April 11th, 2011 by Belisarius
Baltic Dirty Tanker Index fell 5.5%; Baltic Clean Tanker Index was down 1.8%.
Back to the same old story…oversupply…
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