PIPmania.com - Hedge Fund Expertise for your FOREX trading

Market Rumor: Lehman Brothers to announce 'something' soon

Insisting rumors that Lehman Brothers is about to make an important announcement (I wonder how important that will be...) around 10:00GMT, so we keep track of that, might be USD positive, or who knows, now that the cycles have changed for the most part of the Europeans, maybe it will only be good for the 'carry cows'.

Pfizer to buy Bayer? Big rumor outhere!

There is an insistent rumor circulating today in the stock markets, the possible buy of Bayer AG, the huge German pharmaceutical company, by Pfizer, the even bigger US pharmaceutical.

Dealers note that such operation should benefit the EUR, as the cost of the deal is worth €60Bln, which would mean converting around $100Bln into Euros at once...

HUGE ALERT: BERNANKE SAYS THE FED COULD INTERVENE TO SAVE THE DOLLAR

Fed Chairman Bernanke suggests that there are conditions in the FX market right now favoring the intervention in favor of the USD.

This is a huge event, surely to take it into account!

Market Talk: GBP/USD

'Gunnar', to whom I thank for sending, has just sent the following comment:

"Sell GBPUSD at the market (1.9756 currently), as it both looks technically like a strong sell, + I have just received a call from a friend trading for a hedge fund, that they will sell it aggressively within the next 30 minutes."

Again, 'Gunnar', thank you.

Market Rumor: HSBC to Buy UBS?

EUR/CHF is well supported as there are good purchases out of London. It is rumored that HSBC is interested in taking over UBS. At today's low share price this would amount to some CHF 85 billion. When this becomes true the EUR/CHF could tumble.

EUR/GBP market rumor

Talk of a European Central Bank buying Euros vs Pounds all morning.

A brief introduction to PIPmania.com

I'd like to introduce you to the 6 categories that will conform this Weblog, so you get a clear idea of what you'll find in it. I'll name them in alphabetical order. (Please note that this Weblog is devoted to the FOREX Market, but that I'll be keeping a close eye on the other financial markets, and especially to those highly correlated with it.)

(1) Insider Talk: In this category I'll be publishing market info coming from institutional desks that I have access to.

(2) Journal: Here we'll keep a track record of all the trade ideas suggested in real-time.

(3) Market: this will be the 'standard' category and will cover the full FX and other related markets coverage throughout the day.

(4) Oracle Call: A good friend of mine and fund manager will be providing with some tips that we'll keep track of. For Forex and other markets.

(5) Recommended: This category will gather information on hot topics and recommended readings that I believe will help you in this market.

(6) Rumor: In this category we'll analyze some 'street talk' affecting the FX market.

(*) Also you'll get instant alerts on key levels/events via Twitter. Check the upper right corner section of this blog for more details and continued direct reception of the instant alerts.