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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (688096)	6/28/2005 6:11:38 PM
From: Hope Praytochange	Read Replies (1) \| Respond to of 769670

he shorts the market and laughs all the way to the bank

To: bentway who wrote (688096)	6/28/2005 9:34:39 PM
From: Hope Praytochange	Respond to of 769670

USDJPY breaks 110.00! USD/JPY finally broke above the much vaunted option barrier level at 110.00, Stops proved to be illusionary with further barriers and continuing commercial selling interest. -------------------------------------------------------------------------------- The cost of oil eased a little on Tuesday, although it has still risen nearly 30 percent in just over a month on concerns about global strains on production and refining capacity. JPY was under pressure throughout the day with fears in the market that high crude costs will depress the JPY as Japan's economy relies heavily on imported energy. The dollar was also bolstered by an anticipated U.S. interest rate increase from the Federal Reserve this week that would boost the currency's yield appeal USDJPY (109.84 @ 22:19 GMT) USDJPY broke through the much talked about option barrier today at 110.00, but didn't create much stir as real money accts started selling above 110.00. But the break did confirm the upside to us and expect another test of 110.00 in the upcoming session with a medium term target of 112.50, unless 106.50 is broken which is minimally required to change the longer term bullish scenario. Look for intra-week suppor

To: bentway who wrote (688096)	6/28/2005 9:35:56 PM
From: Hope Praytochange	Read Replies (1) \| Respond to of 769670

Published: Jun. 28 2005, 22:28 GMT Crude plunges on profit taking ahead of tomorrow's inventories Metals and Treasuries declined following the dollars gain on consumer confidence figures. -------------------------------------------------------------------------------- Energies Crude fell more than $2 on speculation supplies increased. Tomorrow's DOE figures are expected to show that distillates increased 1,5 million barrels last week. Oil prices broke beyond $60 earlier on speculation that refineries might not meet 4th quarter demand. The August contract dipped $2,34 to $58,20/bbl on NYMEX as the market failed to maintain prices above $60. Brent slipped $2,12 to $57,18/bbl on IPE. OPEC is pumping at record levels in an effort to help inventories rise to meet demand in the fourth quarter. Bulls will likely take control after tomorrow's figures so look to establish long positions on dips.

To: bentway who wrote (688096)	6/29/2005 9:40:26 AM
From: Hope Praytochange	Respond to of 769670

Economy Grew Better Than Previously Thought in 1st Quarter By THE ASSOCIATED PRESS WASHINGTON (AP) -- The economy logged a solid 3.8 percent growth rate in the first quarter of 2005, a performance that was better than previously thought and a fresh sign the expansion is on firm footing. The new reading on gross domestic product, released by the Commerce Department on Wednesday, marked an improvement from the 3.5 percent annual rate estimated for the quarter just a month ago and matched the showing registered in the final quarter of 2004. GDP, the broadest gauge of the economy's health, measures the value of all goods and services produced within the United States. Stronger spending on housing projects, more investment by business in equipment and software, and a trade deficit that was less of a drag on economic growth all played a role in the higher first quarter GDP estimate. The first-quarter's showing was slightly better than the 3.7 percent growth rate that economists were forecasting before the report was released. To keep the economy and inflation on an even keel, the Federal Reserve has boosted short-term interest rates eight times -- each in quarter-point moves -- since June 2004. Another bump-up is expected when the Fed wraps up a two-day meeting on Thursday. An inflation gauge tied to the GDP report and closely monitored by the Fed showed prices -- excluding food and energy -- rising at a rate of 2 percent in the first quarter. While that was slightly lower than the previous estimate of a 2.2 percent rate for the quarter, it was up from the fourth quarter's 1.7 percent rate of increase. Although economic activity is solid, job creation is choppy. Employers boosted payrolls by just 78,000 after a hiring spurt of 274,000 in April. May's job gain was the weakest in almost two years. Economists offered various reasons for May's slower job growth, including the toll of high energy prices. In recent days, oil prices surged to a new record-high of $60.54 a barrel. Economists are trying to gauge the impact that gyrating oil prices will have on the job market and the overall economy.