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MARKET OVERVIEW 2013-02-05 06:11 GMT Merkel offers support to Spanish government under fire Spanish President Mariano Rajoy and German Chancellor Angela Merkel held a joint press conference on Monday in Berlin, during which the Chancellor assured she had not lost confidence in the governing Spanish People’s Party, which currently faces corruption allegations. “We have
Forex Technical & Market Analysis: February 05 2013 Read More »
MARKET OVERVIEW 2013-02-04 04:08 GMT Spanish PM faces calls to resign; scandal to destabilize Europe's calm waters? Spanish Prime Minister Mariano Rajoy continues to face growing criticism after the scandal which hit his party earlier last week, in which allegations were made about illegal payments received by himself and what appear to be a
Forex Technical & Market Analysis: February 04 2013 Read More »
MARKET OVERVIEW 2013-02-01 06:15 GMT Monti: EU budget must support growth and jobs creation Italian PM Mario Monti had a busy meeting agenda on Thursday, first speaking in Brussels with European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy, then flying to Berlin where he appeared at a press conference
Forex Technical & Market Analysis: February 01 2013 Read More »
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 »
