Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
Citigroup economist Willem Buiter, warned that Spain may be forced to follow the lead of the Greeks as it is crippled by debt burden. “Spain is the key country about which I’m most worried,” Buiter said in a report in Bloomberg. “It’s really moved to the wrong side of the spectrum and is now at […]
Get Out Of The Way Greece, Its Spain's Turn In The Spotlight Read More »
Crude Oil prices have moved up again today, as supply worries persist despite Saudi Arabia’s promise to raise daily output by a quarter to full capacity if necessary. West Texas and Brent crude both dropped by 2 per cent yesterday after the world’s top oil exporter said available supply was well above demand and current
Crude Oil Continues To Rise Read More »
The answer isn’t price, the price is right; the answer is ”Risk”. We have spent the last 4½ years getting a salutary lesson in risk and its consequences, including volatility, uncertainty, insecurity, fear, smashed expectations, lost time and ultimately, all that really matters, capital losses. We are fed up with losing money basically. Even with
It’s Time for a Run on the Markets, so What's Holding us Back? Read More »
U.K inflation may be slightly higher this year and next than the Bank of England forecast last month, due to the threat of higher oil prices and weak productivity growth, BoE chief economist Spencer Dale remarked today. The Bank needs to keep a close eye on whether the long-term unemployed dropped out of the job
Britain On The Mend Says BoE Read More »
Saudi Arabia, the world’s largest oil producer, said it would work alone and in cooperation with other producers to ensure adequate global supplies of crude oil, market stability and fair prices, Dow Jones Newswires reported. Traders also stressed over news China have raised pump prices for diesel and gasoline, seen as leading to higher crude
Crude Falls On Tuesday Trading Read More »
The UK’s Building Societies Association (BSA) has noticed an improvement in consumer sentiment in their most recent housing data. Although the major concern for most UK residents are high unemployment and little to no job availability, it seems that people who were never concerned before are beginning to worry, with the ongoing austerity measures, and
A Quick Look At The UK Housing Market Read More »
What will the Reserve Bank of Australia do at their next meeting? This is the main topic of conversation all over Oz. From Breakfast tables, to Board Rooms, from Banks to Real Estate Offices the conversation has turned to interest rates. Australia is a land of gamblers and you can make book that someone will
Making Book On The Australian Reserve Bank Read More »
Last evening, Treasury Secretary Geithner addressed the Economic Club of New York. His speech was quite moving, he slowly built a clear and understandable path, leading the audience to the conclusion that the US is entering full recovery mode, he detailed, each step of this process, how the Obama Administration slowly planned and executed its
Treasury Secretary Geithner Addresses The Economic Club Read More »
US markets were flat today, as info showed inflation stayed in control last month as the domestic economy continues to get better but consumer sentiment slipped. The Michigan University initial reading on the index on sentiment slid to 74.3 from 75.3 last month, economists had forecast a gain to 76.0 as climbing energy costs pushed
US Markets Have a Flat Friday Read More »
The week after next the UK’s Finance Minister George Osborne reveals plans for bonds of no less than a hundred years, as the administration looks to take advantage of historically-low rates. Osborne will use his yearly budget address to launch a consultation on century-long bonds and could also propose gilts, that the capital is rarely
Printing Money And Lending It To The Government Read More »
