The big Euro news on Wednesday is that the ECB will take the unprecedented step of offering “unlimited” euro zone banks loans of up to 3 years on December 21st at a rate of around 1 percent in a move that should theoretically ward off a credit crunch that would arrest the currency bloc’s economy. […]
The Pain In Spain Stops Falling…In The Main Read More »
German business confidence rose marginally for the second month in a row in December, perhaps suggesting that Europe’s largest economy may be weathering the region’s debt crisis. The Ifo institute’s business climate index rose to 107.2 from 106.6 in November, the Munich-based institute has reported this morning. Economists anticipated a small drop to 106, the
Confidence Is Contagious. So Is Lack Of Confidence Read More »
I can’t be alone in doing a bit of head scratching were Italy’s involvement in the proposed IMF lending is concerned, it’s reminiscent of the scene in Donnie Brasco were Jonny Depp gives the gangster Lefty, played by Al Pacino, money as a Christmas gift and Lefty gives the same in return, but takes some
One thing’s for sure the xenophobic, Eurosceptic, lowest common denominator element of the UK press will be doing cartwheels with the news that the UK has refused to pitch in its share to provide a part rescue fund for the IMF to in turn support the E.U. The UK’s refusal will be spun as one
He waits; that’s what he does. And I tell you what: tick followed tock, followed tick, followed tock, followed tick “You probably think the COT report is a Mothercare survey on which cots are best for new born babies” was a humorous but cutting put down I read on a forex trading forum a few
He Waits – That's What He Does Read More »
Doomsday scenarios are so overdone, similarly futuristic predictions as to how we'd all be living in the twenty first century have always disappointingly fallen short of the mark. I can't be the only one feeling slightly let down by technology, yes we have our smart phones, can communicate over the new fangled 'inter web' have
Mad Max or Blade Runner? December 19th 2012 Read More »
The safe haven status of gold appears to have lost it’s shine, whether or not this is a trend, or a temporary loss of faith (as a reversion to the yearly mean takes hold) remains to be seen. Many analysts and commentators have continued to hold polarised views on the precious metals sector; whilst the
Fools' Gold? Gold Sits On The 200 Moving Average Read More »
The “Gnomes of Zürich” is a disparaging term for Swiss bankers. Swiss bankers are popularly associated with extremely secretive policies, while gnomes in fairy tales live underground, in secret, counting their riches. Zürich is the commercial centre of Switzerland… After the banking crises of 2008-2009 the Swiss franc was regarded as THE safe haven for
Ha ha ha, hee hee hee “I’m a laughing gnome and you can’t catch me” Read More »
Doomsday scenarios are so overdone, similarly futuristic predictions as to how we’d all be living in the twenty first century have always disappointingly fallen short of the mark. I can’t be the only one feeling slightly let down by technology, yes we have our smart phones, can communicate over the new fangled ‘inter web’ have
Mad Max or Blade Runner? December 19th 2012 Read More »
‘Triple Witching’ is an event that occurs when the contracts for stock index futures, stock index options and stock options all expire on the same day. Triple witching days happen four times a year on the third Friday of March, June, September and December. This phenomenon is sometimes referred to as “freaky Friday”. The final
Triple Witching On Freaky Friday Can't Put A Spell On A Bad Euro Bet Read More »
