Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
The ECB head Mario Draghi will be fielding questions in Frankfurt today, whilst the Italian PM Mario Monti will be visiting the US. Not sure if Monti will be visiting Princess Peach, or if Draghi will have Yoshi and Toad for company, or if Bowser will spoil the fun at Draghi’s question time, no doubt […]
The Super Mario Brothers Enter 3D Land Read More »
The Supplemental Nutrition Assistance Program (SNAP) provides financial assistance for food purchasing to low and no income people and families living in the U.S. It is a federal aid program administered by the Food and Nutrition Service of the U.S. Department of Agriculture, but benefits are distributed by the individual U.S. states. It is historically
Forty Six Million Americans Just Can't SNAP Out Of It Read More »
Another Day, Another Deadline – Greece Set For 1 pm (GMT) Crucial Meeting One deadline after another has come and gone over recent weeks. The leaders of the three parties in the coalition government of Prime Minister Lucas Papademos postponed on Tuesday what was billed as a crunch meeting because of “missing paperwork”. Papademos, the
Another Day, Another Deadline Read More »
I enjoy watching most sport but I’ve never quite got American Football. However, I do watch the Superbowl from time to time and whilst penning and refining various FXCC articles, mail outs and reports in the early hours of Monday morning I had it on. To be honest the game was fascinating and the three
The Superbowl And The Fishbowl That Is The USA Read More »
“The Euro Will Outlast Us All” – Jean-Claude Juncker Jean-Claude Juncker, who heads the Euro group of finance ministers, when interviewed on German radio stated that “the euro would outlast us all”, he’s confident that Greece will remain in the single currency. He’s also adamant that Europe’s costs would escalate if Greece were to quit
The Euro Will Outlast Us All Read More »
As the impact of the 2008-2209 crash subsided the ‘mainstream media commentary collective’ created new buzz words and phrases to be contained in the revised popular lexicon. This list has seen the addition of anachronisms such as “TARP” and the writing into popular culture of “credit crunch” and “quantitative easing”. A “jobless recovery” duly took
Has The Jobless Recovery In The USA Really Moved On To Become A Jobs Recovery? Read More »
Many of the capital increasing proposals put forward by as many as thirty European banks may be rejected as not sufficiently credible. Banks were instructed to devise plans to increase their capital cushions (reserves) in December after the European Banking Authority discovered in December 2001 they collectively need to raise circa €115bn in order to
Focus Returns To European Banks' Capital Adequacy Read More »
Pandora’s box is an artefact in Greek mythology, taken from the myth of Pandora’s creation in Hesiod’s Works and Days. The “box” was actually a large jar given to Pandora which contained all the evils of the world. When Pandora opened the jar, all its contents except for one item were released into the world.
The UK Is A Rock In A Hard Place Read More »
“Greece Will Default On Its Debt And Will Eventually Leave The Euro” – Paul Krugman The USA jobs numbers could disappoint.. So another month ticks by and another ‘NFP day’ comes around. For what it’s worth my advice is that, unless you’re already in a trend trade, you should be incredibly wary of taking a
Greece Will Default On Its Debt And Will Eventually Leave The Euro Read More »
George Bush gave some legendary quotes during his time in office, the media labeled them “Bushisms”. On occasion a light was shone into the truth behind the actions of the USA admin. and govt. due to his quotes. This quote, (however clumsy), highlighted the real agenda behind the rescues, bailouts and QE at the time
The Economic Death Of A Generation Read More »
