Following yesterday’s meetings in Brussels, Greek ministers have insisted that banks must accept a lower interest rate on the new Greek bonds that they will receive as part of the ‘swap’ deal. The 4% coupon demanded by the Institute of International Finance (IIF) (who represent Greek creditors) is not deemed to be acceptable. The move […]
Greek & Euro Ministers Play Game Of Show & Tell With Private Bondholders Read More »
Christine Lagarde, head of the International Monetary Fund, has urged European leaders to commit greater resources to protecting the eurozone. Lagarde said that the European Stability Mechanism should be enlarged beyond its current €500bn limit, giving more firepower to protect Italy and Spain. Lagarde also proposed that the new fiscal compact should include provisions for
Perhaps the most frequently asked question, by anyone considering trading forex for the first time, is often met by a variety of over complicated answers when the first answer should in fact be a question aimed directly back at the potential trader; “how much have you got to lose?” Actually that’s a bit harsh, allow
How Much Do I Need To Get Started Trading Forex? Read More »
There appears to be an element within the press that wants to over egg this pudding for all it’s worth, can they simply not let go of the potential for drama? Search as hard as you can there doesn’t appear to have been any recorded systemic change between the optimism of an overall deal on
Is The Greek Debt Swap Deal Really On A Knife Edge? Read More »
Bondholders are apparently at the limits of what losses they could accept in a Greek debt swap. Athens needs a deal on the plan, meant to cut 100 billion euros from its debt of over 350 billion, in order to stem a potential default with the major debt redemption looming in March. Greece and its
A Lost Decade Of Growth Would Be Preferable To A Lost Generation Of Growth Read More »
The 2012 Maya phenomenon comprises a range of beliefs which, according to many, will cause cataclysmic or transformative events to occur on December 21, 2012. This date is regarded as the end-date of a 5,125-year-long cycle in the Mesoamerican Long Count calendar. Various astronomical alignments and numerological formulae have been proposed as happening on this
Which Predictions Are More Likely To Come True In 2012, The Maya Or The IMF? Read More »
The search for the ‘Holy Grail’ of trading is a pointless exercise, as any experienced trader will testify there is no perfect strategy “out there” waiting to be discovered. Although history never repeats it often rhymes and we can clearly visualise that rhythmic rhyming on our charts when certain repeating indicator patterns throw up high
How To Become A Consistently Profitable Forex Trader Read More »
A member of the bank of England’s monetary policy committee has gone ‘on record’ as stating that the BoE is not necessarily wedded to a policy of quantitative easing. Ben Broadbent is dismissive of the belief that the MPC has been biding time until it completes the current round of asset purchases before launching the
IMF Slashes Its Global Growth Forecast For 2012 Read More »
Morgan Stanley’s focus on cost cutting, combined with its strong performance in equity trading, helped the Wall Street bank post better-than-expected results. But it’s not for it’s better than average results that the bank deserves faint praise, it’s for the accompanying announcement, in relation to bonus cutting, that the bank deserves congratulations…however muted.. Responding to
Take A Bow Morgan Stanley Read More »
“Never In The Field Of Human Conflict Was So Much Owed, By So Many, To So Few” I’m trying to think of a phrase that conjures up the strange spirit and times that exist in USA at the moment. “So much owed, by so many, to so few” is growing on me given that the
Never In The Field Of Human Conflict Was So Much Owed, By So Many, To So Few Read More »
