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Fiat Super Bowl Ad Most Effective in Boosting Traffic, Says Edmunds.com

In its first real-time analysis of the impact of auto advertising during Super Bowl XLVI, Edmunds.com said the three most effective ads, in terms of boosting Web traffic, were Fiat (500 Abarth), Lexus (GS 350) and Chevrolet (Sonic).

Tents, Dead Rats Removed from Occupy Camp


On Monday, National Park personnel dressed in biohazard suits hauled away dirty tents from McPherson Square, some of them containing bottles of urine and rat carcasses.

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Two Hundred Episodes In, "NCIS" Stars Investigate Its Enduring Popularity


Nine years, one spinoff, and 200 hours into its run, “NCIS” is the number one show on television.

Police Removing Tents at McPherson Square Monday


NPS continued cleanup efforts at McPherson Square after a weekend push to remove trash and illegal camping gear.

This is NOT a tech bubble

The Nasdaq is at its highest level since the end of 2000. Highly speculative companies like Netflix and Zynga are soaring, and investors are salivating about possibly paying 100 times earnings for Facebook when it goes public.

This is NOT a tech bubble

The Nasdaq is at its highest level since the end of 2000. Highly speculative companies like Netflix and Zynga are soaring, and investors are salivating about possibly paying 100 times earnings for Facebook when it goes public.

Celebrities at the Super Bowl


Check out which celebs were spotted at the game, as well as who's made an appearance at Super Bowl weekends of previous years.

Review: "Big Miracle" Has Heart


Mr. Gorbachev, tear down this ice wall!

Review: "Chronicle" a Fresh Take on the Superhero Movie


What would you do if you discovered you've got super powers?

Loonie at the Mercy of Ivey

Update: Canadian Ivey PMI surprised expectations, printing 64.1 on a seasonally adjusted basis last month. The better than expected release may be a sign that the undelying economic trend is not as weak as a string of disappointing real indicators (employment and GDP) have suggested in recent weeks.

The Canadian Government plans to issue a US dollar denominated global bond later this week (no details of size, duration, or coupon just yet). The issue will “provide funds to supplement and diversify Canadian foreign exchange reserves and meet foreign currency requirements” to supplement lending by the IMF.” It will be the governments first offering in three years and is expected to be over subscribed.

Given the markets lack of focus on fundamentals lately, the loonie by all accounts, for a growth sensitive currency is holding its own outright, but for how long? The Loonie has been riding on the coattails of a strong NFP report (+243k and +8.3%) and ignoring its own softer domestic job output print (+2.3k and +7.6%) that supports BoC Carney dovish tone and economic concerns of late.

The market is assuming that the Canadian economy should increasingly benefit as its largest trading partner down south recovers from the recession. Investors are beginning to believe that any positive US data should keep the pressure on for a lower USD/CAD (0.9971). All this from one day out when the market was wondering if the worlds largest economy was slipping back into recession. One stellar NFP print does not make a trend, but it is a start!

Currently, the dollars price continues to lift off last weeks low print of 0.9928. According to the technicals, the daily charts indicate that the loonie is overbought, but selling outright dollar strength seems to remain the order of the day whilst below the four-week trend line (1.0015), risk is lower to 0.9780.


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The AUD along with its antipodean partner bore the weight of risk aversion moves in the O/N session. The Aussie fell from near a six-month high after a government report showed retail spending unexpectedly declined, adding to the case for the RBA to lower rates tomorrow. Retail sales declined last month (0.1%), the first drop in six-months, as consumers spent less at grocers and on dining out in an economy where employment growth stalled last year. Almost everyone expects a-25bps cut on Wednesday, in line with consensus. The OIS market is pricing a 75% chance of a cut. It seems that the market will be extremely surprised if the RBA does not implement a third successive rate cut, taking the base rate down to +4%.

Will it weaken the AUD? Last week the currency managed to forge ahead and print a six-month high outright after NFP and record another record against the beleaguered EUR despite a rate cut on the sidelines. The currency remains the worlds favorite growth proxy. Domestic data warrants an ease (retail, inflation and a softer job market). Even because of international demand, a cut is warranted. However, because of the country’s commodity boom persisting coupled with more frequent international economic positive reporting (USA, China etc) could be a reason for Governor Stevens to stall this time around. It’s slim and a thin argument. In hindsight, the AUD has been much more tightly correlated with “swings in global risk appetite and asset prices than it has domestic economic developments and RBA policy.”

The AUD strength, particularly against the EUR, is very likely to survive any rate cut, especially if Governor Stevens and his policy makers give a hint that the end of the current easing cycle is drawing to an end.

Other links:
Land of the Rising Yen


OANDA Order Book


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Chopper Video: Vehicle Fire on Beltway Ramp


A vehicle fire on the Inner Loop ramp to I95 South near Springfield caused backups Monday morning.

Famous Mug Shots


See the photos of the famous and infamous.

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Less than $1 an hour to make iPads

CNN's Stan Grant interviews one Foxconn worker about the factory conditions in China where some Apple products are made.

Stocks edge lower amid Greece jitters

U.S. stocks slipped, as investors anxiously await a Greek government decision on budget cuts that are key to securing a second bailout and avoiding default.

Boston Gets Liquid

More than 400 readers of Fortune's Term Sheet packed into a Boston bar last Thursday night for our latest Liquidity Event.

Jury Selection Underway in Huguely Trial


The trial of former UVA lacrosse player George Huguely is underway, for the killing of his former girlfriend Yeardley Love.

Shooting Near SE DC Education Center


Police are responding to reports of shots fired Monday morning at a southeast D.C. learning center.

Gen-Y looks to developing economies for biz training

Business schools, non-profits, and private employers are sending students and young workers to developing nations to hone their business skills.