Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
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 »
It’s quite fascinating to note that whilst there is a Chinese delegation visiting Washington to meet with Barack Obama a European delegation is visiting Beijing. Whilst in the USA the Chinese officials have been very vocal their support of Europe (and the euro in isolation) similarly the European delegation in Beijing have been met with
China Commits To The Eurozone As Storm Clouds Once Again Gather Over Greece Read More »
There are some unusual economic indicators that are always worth keeping a keen eye on, the Baltic Dry Index is an official gauge which is simply overlooked and misunderstood. However, it’s often worth considering ‘left field’ indicators as to the direction of the world’s largest economy. The latest measure of USA air traffic could prove
USA Flights Fall To Post 9-11 Confidence Depressed Volume Read More »
Many market analysts and market commentators will have experienced a deep sense of relief as the news broke yesterday evening regarding Moody’s confirmation that the UK’s Aaa credit rating is under review. It’s not that analysts and commentators finally have something else to discuss, over and above the incessant Greece narrative and issues. The fact
The UK's Economy Is The Sick Man Of Europe Read More »
Rather than opine on the austerity measures voted in by the Greek coalition government yesterday evening, a short bio is perhaps more appropriate. I won’t insult our readers’ intelligence by pointing out the subtext. In March 2010, Manolis Glezos was participating in a protest demonstration in Athens, when the Police launched tear gas right into
Manolis Glezos – A Greek Hero Read More »
The Baltic Dry Index And Chinese Import Figures Tell The Story That Most Economists Don’t Want To Hear If there was a well known and highly referenced index that had fallen by over 60% year on year not only would the investment community be deeply concerned, the mainstream media would be catatonic in it’s reaction.
The Baltic Dry Index And Chinese Import Figures Read More »
