Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
“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 »
A spokesman for the Greek government said this morning that negotiations with its lenders are now focused on three issues; wages, pensions and bank recapitalization. Pantelis Kapsis, when interviewed, told Greek television that there are just a few “sticking points” to be cleared up before the Private Sector Involvement (PSI) is agreed by all parties.
There's A Few Sticky Points To The Sticking Plaster For Greece Read More »
量的金融緩和, ryōteki kin’yū kanwa The markets have been subjected to a softening up process over the past month or so, with regards to an expectation that further Q.E. will take place by the UK’s Bank of England possibly at their next monthly meeting. Given the topic is hot it may be worth taking a ‘lite-bite’
The Original Japanese Expression For Quantitative Easing Read More »
The highest proportion of European companies on record are missing profit estimates despite the region’s stocks post their best start to a year since 1998. Market bulls believe that the Stoxx 600 will extend this year’s four percent gain as the region’s stocks are still cheap and efforts by the European Central Bank to boost
The Suffering In Greece Won't Vanish Once The Ink Dries On The Swap Deal Read More »
Default Is Not A Get Out Of Capitalism Free Card, But There’s Always The Sun The first time I went to Greece was to a small island called Lefkas, back then the small village of Vasiliki was at the time (late 80’s) termed “the windsurfing capital of Europe”. It was a cheap holiday, the accommodation
Default Is Not A Get Out Of Capitalism Free Card Read More »
