Today at 10:25AM ET, I’ll be appearing on CNBC’s Squawk on the Street discussing the EUR and Friday’s UK GDP data.

Here are the major points:
• EUR/USD is stalling and looks to be developing a new short term range between 1.3025-1.3325.
• The near record EUR CFTC position shorts as well as EUR/JPY short covering is currently containing any downside for EUR/USD.
• EUR/GBP is also rallying today as the Bank of England minutes showed 2 members wanting more QE and the pair appears to have broken out of its 0.8250-0.8425 range.
• This sets up an opportunity to … …READ MORE

So far, the Republican primary has contained these candidate themes:
• The rise and fall of Newt Gingrich.
• The rise, the fall, the rise again of Rick Santorum.
• The persistent meandering of Mitt Romney.
• The inconsistent voter appearing to make a decision in the booth.

In January, I wrote that I thought this primary would go all the way to the convention due to voter uncertainty and was my major call for US politics. With each shift in sentiment by the Republican base towards the current field, this call looks more and more likely with even the … …READ MORE

US financial regulation could hit this week
To provide some perspective on the history of US financial regulation, here are the major pieces and their legislative page length.
• 1864: US banking system created with 29 pages.
• 1913: US Federal Reserve System created with 32 pages.
• 1933: US Banking Act or Glass-Steagall Act created with 37 pages.
• 2010: US Wall Street Reform and Consumer Protection Act created with 838 pages.
Within the Wall Street Reform act or Dodd-Frank, there is a section of 11 pages dealing with the so-called Volcker Rule. Last number, four US regulators put … …READ MORE