Posts Tagged ‘greece’

  • Before the EU Summit Greece Makes its Demands Public

    Jun 25, 12 • 5776 Views • Market Commentaries Comments Off on Before the EU Summit Greece Makes its Demands Public

    The Greek government made its re-negotiation platform (for talks with the Troika) public. They ask to extend the deadline for meeting the fiscal criteria by 2 years. They also want to scrap plans to cut 150K public sector jobs, repeal the 22% cut in the...

  • The Battle Might Have Ended in Greece but the War Continues

    Jun 18, 12 • 5529 Views • Between the lines Comments Off on The Battle Might Have Ended in Greece but the War Continues

    The Greek election results make a near-term exit of Greece unlikely, but the longer  term outlook regarding euro participation is still uncertain. No party won an absolute majority, but the New Democracy came out first with about 30% of the popular vote and...

  • Gold and Silver in the Shadow of Spain and Greece

    Jun 14, 12 • 5627 Views • Forex Precious Metals, Forex Trading Articles Comments Off on Gold and Silver in the Shadow of Spain and Greece

    Today Gold futures prices have seen little changed from the prior closing and Asian stocks dropped after Spain’s credit rating was cut which has renewed the concern of European crisis contagion to the global growth. The Euro however is showing slight...

  • Rumours From The EU

    Rumors Innuendo and Worries Emanate from the EU

    May 28, 12 • 6643 Views • Market Commentaries 1 Comment

    Rumors are that the ECB is going to step in an assist the Spanish Banks. Greece is considering replacing the euro and Europe cannot decide between austerity and growth on the back of a stimulus injection. There are many casualties in this European confusion,...

  • Gold Continues To Tarnish

    Gold Continues To Tarnish

    May 24, 12 • 3674 Views • Forex Precious Metals, Forex Trading Articles Comments Off on Gold Continues To Tarnish

    Gold has dropped for a third day as worries about the fallout from a potential Greek exit of the euro zone pushed investors to pile into the US dollar. With little action announced from the EU Summit in Brussels yesterday, investor’s worries continue to...

  • Greece Woes Weigh On Metals

    Greece Woes Weigh On Gold And Silver

    May 21, 12 • 5596 Views • Forex Precious Metals, Forex Trading Articles Comments Off on Greece Woes Weigh On Gold And Silver

    Greece’s woes may continue to weigh on metal prices but, slight improvement in investor sentiments post G-8 has provided the “Euro” currency to gain 0.12 percent early morning and may continue in today’s session. The Dollar index has also weakened...

  • A Little Of This And A Little Of That

    A Little Of This And A Little Of That

    May 18, 12 • 4016 Views • Market Commentaries 4 Comments

    A Little Of This And A Little Of That From Financial Markets Around The Globe Commodities and equities took a breather and were seen recuperating from the recent slump though persistent worries over euro zone debt crisis and political uncertainty in Greece...

  • Negative Market Sentiment Grows

    Negative Market Sentiment Grows

    May 15, 12 • 3055 Views • Market Commentaries Comments Off on Negative Market Sentiment Grows

    As the week starts, commodity markets continue to remain in despair and lingering in the broader weakness. Continuing political unrest in Greece, concerns over Spain’s banking sector and news of US bank giant JP Morgan’s $2bn losses reignited weak...

  • What to look for this week? BoE, NFP, and ECB in focus

    Economic Calendar Events And Bond Auctions May 14 2012

    May 14, 12 • 7566 Views • Market Commentaries Comments Off on Economic Calendar Events And Bond Auctions May 14 2012

    Today, the economic calendar is rather thin with only the euro zone industrial production data and final figure of Italian CPI inflation. Euro area Finance Ministers meet in Brussels and Spain (12/18 month T-Bills), Germany (Bubills) and Italy (BTPs) will tap...

  • Global markets suffering after Fed's rate hike forecast

    A Look At The Global Markets

    May 10, 12 • 4860 Views • Market Commentaries Comments Off on A Look At The Global Markets

    The US trade deficit widened in March to $51.8 billion, the Commerce Department reported. The trade deficit was above the consensus forecast of Wall Street economists of a deficit of $50 billion. Economists had expected the deficit to snap back, believing...