Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
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 »
Being the “Glass Half Empty” kind of guy, the eternal pessimist, it is hard for me to get excited over things like FOMC minutes and Federal Reserve speechmakers. Month after month for too many years, politicians and economists have all staked their reputations on the end of the recession and the return of growth. Every
You Convinced Me Recovery Is Here Read More »
Remember the Fed is your Friend. Those who follow it are often rewarded with handsome profits. It is not as easy as it seems on the surface because the Federal Reserve Bank does not directly advise on gold, silver, stocks and bonds. To understand the Fed one must know the language, the “lingo” the “jargon”
The FED Is Your Friend Read More »
If you stop and review the economic data release by the Portuguese government since the beginning of the month, shivers should run up your spine. Recently the EU approved the next tranche of bailout funds for Portugal, but economic indicators released in this month show a much larger economic problem brewing then the EU and
Portugal Seems To Be A Train Wreck Waiting To Happen Read More »
Wikipedia states a Stress Test “is a form of testing that is used to determine the stability of a given system or entity. It involves testing beyond normal operational capacity, often to a breaking point, in order to observe the results. Stress testing may have a more specific meaning in certain industry”. Under Financial Stress
What Is A Stress Test For A Bank And Why? Read More »
Last week, the Irish Prime Minister announced that Ireland would be holding a vote on the European Union’s Financial Pact before the year’s end. The news came as a surprise in both Dublin and Brussels. The news was issued by the Irish Prime Minister, Edna Kenny, without warning. Enda Kenny’s party had been objecting saying
Ireland Takes The EU To A Vote Read More »
