European car sales crash. Athens has been brought to a standstill this morning as Greek civil servants experience solidarity from many other workers during the one day general strike. As a grim reminder of how fragile Eurozone growth is, particularly in the manufacturing sector, we learned this morning that Europe's car sales have fallen to […]
Mind The Gap; Mid Morning London Session Update Pre New York Open Read More »
European car sales crash. Athens has been brought to a standstill this morning as Greek civil servants experience solidarity from many other workers during the one day general strike. As a grim reminder of how fragile Eurozone growth is, particularly in the manufacturing sector, we learned this morning that Europe’s car sales have fallen to
Mind The Gap; Mid Morning London Session Update Pre New York Open Read More »
Why calling the Chinese data "fake" is a mistake… There is a persistent rumour surrounding the data that is printed courtesy of China's official national statistics bureau. Many in the mainstream media persistently smear the publishers and the Chinese authorities, suggesting that the data is manipulated in order to paint a better picture of the
Mind The Gap; Morning Roll Call Before The New York Open Read More »
Why calling the Chinese data “fake” is a mistake… There is a persistent rumour surrounding the data that is printed courtesy of China’s official national statistics bureau. Many in the mainstream media persistently smear the publishers and the Chinese authorities, suggesting that the data is manipulated in order to paint a better picture of the
Mind The Gap; Morning Roll Call Before The New York Open Read More »
Many analysts have been scratching their heads due to the recent disappearance of the 'risk on – risk off' paradigm. The disappearance has been discussed extensively on sites such as Bloomberg and Reuters. At FXCC we've discussed many aspects of it in our Mind The Gap and Between The Lines sections. Quite why analysts have
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FOMC minutes and speech causes positive ripple-effects through world markets. The impact of Ben Bernanke’s speech, given yesterday after the minutes of the last and latest FOMC meeting were published, the BOJ statements regarding Japanese stimulus combined with news that China will look towards means to re-ignite their economy after a spate of recent poor
Mind The Gap; Mid Morning London Trading Session Analysis Read More »
FOMC minutes and speech causes positive ripple-effects through world markets. The impact of Ben Bernanke's speech, given yesterday after the minutes of the last and latest FOMC meeting were published, the BOJ statements regarding Japanese stimulus combined with news that China will look towards means to re-ignite their economy after a spate of recent poor
Mind The Gap; Mid Morning London Trading Session Analysis Read More »
Italy suffers downgrade by Standard and Poor's, UK's manufacturing tumbles, as the IMF cuts global growth forecast… Occasionally we get a sharp reminder, through the fog of information from many sources that streams our way on a daily basis, of just how dire the economic situation is in certain Eurozone countries and just how far
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Troika agrees a route forward with Greece as protestors take to the streets. The Greek government’s commitment to its international lenders and bond holders, that it will push through widespread layoffs in the public sector despite the objections from government workers, sparked mass protests on the streets of Athens. As Eurozone finance ministers met in
Between The Lines; Morning Roll Call… Read More »
BMW records record car sales as UK manufacturing collapses Yesterday’s poor data, regarding exports and industrial growth in Germany, have been countered today with the news that BMW has posted record car sales in the first six months of the year due to strong growth in China and the US. The German car manufacturer sold
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