MARKET OVERVIEW 2013-01-31 05:49 GMT Moody's: Greek default still a possibility A Greek credit default should not be discarded, Moody's rating agency stated on a report published Wednesday. With regards to the state of the Greek economy, projections are for the country to contract around 5% in 2013, differing by 0.5 bp from government […]
Forex Technical & Market Analysis: January 31 2013 Read More »
MARKET OVERVIEW 2011-08-10 06:50 GMT Fed to leave rates unchanged in January and probably for the rest of the year The Federal Reserve's monetary policy meeting is expected to be uneventful this month, following the FOMC's announcement of open ended QE4 in December which would be finalized only when the unemployment rate falls below
Forex Technical & Market Analysis: January 30 2013 Read More »
MARKET OVERVIEW 2013-01-29 00:21 GMT Eurozone periphery nations recover up to €100bn in private funds – FT On its front cover, the Financial Times highlights the growing capital flocking back to Eurozone's peripheral countries, with the sum amounting over €100bn of private funds since late last year. From the FT: "The scale of the
Forex Technical & Market Analysis: January 29 2013 Read More »
MARKET OVERVIEW 2013-01-28 06:30 GMT Euro rallies on LTRO payback The European Central Bank announced on Friday that 278 Eurozone banks would repay 137.2 billion euro borrowed in December 2011 under the 3-year Long Term Repo Operation (LTRO). The first early paybacks would take place on January 30. This is a larger amount of
Forex Technical & Market Analysis: January 28 2013 Read More »
MARKET OVERVIEW 2013-01-25 06:10 GMT The Euro is here to stay; momentum is for higher Euro and lower Yen The emblematic investor George Soros, speaking at the World Economic Forum in Davo (Switzerland) told the audience that “the euro is now here to stay,” according to Bloomberg. Soros was one of the main detractor
Forex Technical & Market Analysis: January 25 2013 Read More »
MARKET OVERVIEW 2013-01-24 05:50 GMT BoE Minutes: MPC voted unanimously to keep the interest rate at 0.5% BoE Minutes from the MPC monetary policy meeting held on 9 and 10 January and released yesterdday reveal that the Committee voted unanimously in favor of keeping the interest rate at 0.5%. As far as the proposition
Forex Technical & Market Analysis: January 24 2013 Read More »
MARKET OVERVIEW 2013-01-23 03:18 GMT Eurogroup approves Robin Hood tax Eleven Eurozone countries (Germany, Italy, France, Spain, Austria, Portugal, Belgium, Estonia, Greece, Slovakia and Slovenia) have been authorized to start working on a financial transactions tax (the so-called Robin Hood tax). Eurozone finance ministers have given the green light to the measure today, during
Forex Technical & Market Analysis: January 23 2013 Read More »
MARKET OVERVIEW 2013-01-22 06:25 GMT Jeroen Dijsselbloem, appointed new head of the Eurogroup Jeroen Dijsselbloem, Dutch Finance Minister, has been confirmed as the new president of the Eurogroup. As a peculiar note, German finance minister Mr. Schauble said Spain did not support the appointment of Dijsselbloem for head of the Eurogroup. The Eurogroup press
Forex Technical & Market Analysis: January 22 2013 Read More »
MARKET OVERVIEW 2013-01-21 06:39 GMT Merkel’s CDU loses Lower Saxony election; setback to her national campaign Angela Merkel’s ruling centre-right coalition government suffered yet another defeat on this Sunday’s local elections, in what the Financial Times defines as a controversial election in the state of Lower Saxony, according to final forecasts of German television.
Forex Technical & Market Analysis: January 21 2013 Read More »
MARKET OVERVIEW 2013-01-18 05:50 GMT Fiscal negotiations hope to avoid destabilizing a fragile US economy The remainder of 2012 and early 2013 has thus far been dominated by the “fiscal cliff” negotiations in Washington and the unfinished business associated with them. The repercussions of these political decisions will have far-reaching consequences on the economy,
Forex Technical & Market Analysis: January 18 2013 Read More »
