Market Analysis

2013-03-19 06:30 GMT Will Cyprus Bailout Set Tone for Trading this Week? The sharp sell-off in currencies and European equities overnight indicate that investors are shocked by Cyprus' bailout news as they should be since this would be the first time in Eurozone history that depositors have taken a loss. The EUR/USD may have rebounded […]

MARKET OVERVIEW   2013-02-28 06:30 GMT Moody's: Euro zone debt markets vulnerable to further shocks Moody’s rating agency continues to warn Euro area countries that debt markets in the region remain vulnerable to further shocks to investor confidence. Find below the main quotes from the official communique: "Market volatility in recent days proves that the

MARKET OVERVIEW   2013-02-27 06:23 GMT Europe concerned with Italian election outcome The post election stalemate in Italy, where no political group secured a clear majority in parliament, is causing concerns among European officials and a stir in the markets. Italian FTSE MIB fell by 4.60% on Tuesday while the yield on the country’s benchmark

MARKET OVERVIEW   13-02-26 06:36 GMT Italians lead the country to ungovernability Italians are leading the country to the ungovernability, and after a neck-to-neck battle to take control over the lower house between the center-left Bersani's party and Mr. Grillo's five star movement, with the first claiming a marginal victory, the big problem now lies

MARKET OVERVIEW   2013-02-25 06:36 GMT Italy at the crossroads ahead of weekend elections On 24 and 25 February Italy heads to the polls to vote in the general election, called two months before of the end of the statutory five-year term. The outcome is rather uncertain as many voters remain undecided as to who

MARKET OVERVIEW   2013-02-21 06:15 GMT FOMC Minutes: Some Fed officials consider eventual QE pullback Minutes of the Fed's January policy meeting showed several officials think the bank should be prepared to vary the pace of its asset purchases, depending on how the economy performs and its analysis of the costs and benefits of the

MARKET OVERVIEW   2013-02-20 06:09 GMT Australia: RBA Sees the Medicine Starting to Take, But Is It? After a year-and-a-half of cuts in its cash rate, Australia’s central bank kept rates unchanged at its recent meeting citing a firming in economic growth. We are not convinced and cannot rule out more rate cuts. Australia’s economy

MARKET OVERVIEW   2013-02-19 06:23 GMT Draghi: Exchange rate is not a policy target ECB head Mario Draghi visited the European Parliament on Monday to take part in two hearings before the Committee on Economic and Monetary Affairs, one on the central bank’s monetary policy and the second on systemic risk. He assured that the

MARKET OVERVIEW   2013-02-18 06:15 GMT G20 statement settles on generalities; approval to keep selling the Yen? The G20 weekend meeting and its final statement settled again on generalities, with key passages posing little risk to neither discredit nor criticize ongoing Japanese polices, where no specific mention was noticed. As Sean Callow, Westpac FX strategist,

MARKET OVERVIEW   2013-02-14 06:11 GMT The Real Threat from Spain's Corruption Scandal Investors worried about Spain’s political stability have been dumping their Spanish holdings and pushing up the country’s borrowing costs after the eruption late last week of a corruption scandal involving Prime Minister Mariano Rajoy. Until now, the government’s durability had been one