Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
Official figures have confirmed that the UK economy slipped by 0.2% for the fourth quarter of 2011. Household spending was up 0.5% quarter on quarter, the highest since the second quarter of 2010. Government spending, meanwhile, was ahead by 1% over the previous three months. Benefiting from a weaker pound exports were up by 2.3%. […]
The UK Is Flirting With A Double Dip Recession Read More »
Oil Hits A New Sterling Record On Iran Fears..But sshhh..Don’t Tell UK Motorists Feb 20, 2008 at 04:01pm New York: “The price of crude oil has scraped above the $100-a-barrel mark in recent months, but for the first time it actually closed above the psychological ceiling. Prices settled at $100.01 a barrel on the New
Oil Hits A New Sterling Record On Iran Fears Read More »
The Greece debacle has (temporarily) been quietly shifted from the front page of both financial and popular news, it’s now left to the Greeks to cope with the impossible, inter-generational, insoluble financial burden their unelected technocrats have agreed to on their behalf. The indirect bank and bondholder bailout, that’s been agreed in order that Greece
Will It Be Open Season On The Banks As Reporting Season Starts? Read More »
How does that phrase go again; “you can fool some of the people some of the time, not all of the people all of their time”? Ah-ha! Here it is; ” You can fool some of the people all of the time, and all of the people some of the time, but you can not
Greeks Refuse To Lie Down And Take The Austerity Medicine Read More »
“So was the book better than the film?” is the often repeated question when a best selling novel is translated to the big screen. Were The Road is concerned the film is arguably not as good as the book, however, the film really is very good. I’ve recently re-watched it and if there is a
Americans Are Driving Less And Flying Less, Are They Finally On The Road To Nowhere? Read More »
If there’s a metaphor for the Dutch finance minister being locked out of his hotel room upon his return after “exhausting” negotiations then others will have to supply it. There was a certain amount of irony at play given his call for a permanent presence by the troika in Athens for the duration of the
Austerity? Check. Bailout? Check. Growth Plan? Err… Read More »
Iceland’s approach to dealing with the meltdown was to put the needs of its population ahead of the markets at every turn. No it’s not a typo it’s an attempt to reinforce the one workable solution that has investment banks running scared, debt forgiveness. In any other business if you mess up, you fail, you
There is one headline and discussion point, in relation to the Greece debacle, which constantly catches the attention IF you’re concentrating; “At stake is a target of lowering the debt to a more manageable 120 percent of gross domestic product by 2020. EU and IMF officials believe that target, which assumes Greece will run a
Is This What Constitutes 20-20 Vision For Greece? Read More »
Oil for March (WTI) delivery rose $1.06 to $101.80 a barrel on the New York Mercantile Exchange on Wednesday, this was the highest settlement since Jan. 10. Brent oil for April settlement increased $1.58, or 1.3 percent, to end the session at $118.93 a barrel on the London based ICE Futures Europe exchange. On the
Is Barack Obama's Oil And Gas Hegemony About To Backfire? Read More »
Argentina 1 Banking System 0. Are We Being Softened Up For A Drunk And Disorderly Greek Default? It’s both fascinating and ominous in equal measures to watch the frayed nerves on show as we reach the end game for Greece and it is simply the end of the game, not the end of days. Perhaps
Argentina 1 Banking System 0 Read More »
