Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
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 »
Twenty five European countries have finally endorsed the fiscal pact. They’ve agreed to enshrine balanced budget legislation into their national law, with annual structural deficits capped at 0.5% of GDP. Transgressors face penalties of 0.1% of GDP, with fines being added to Europe’s bailout fund, the European Stability Mechanism (ESM). The UK and the Czech
How To Fiscal Your Compact, Or Compact Your Fiscal..Or Something Read More »
Ssshhh..whisper it quietly but that austerity “stuff” just isn’t working. You’d never have guessed it but only now, as for example Spain reverses into negative ‘growth’ and 51.5% of its young adults are unemployed, are the great and good of the IMF, the E.U., the ECB and the World Bank beginning to question the ‘wisdom’
Does Iceland's Recovery Make Them The Real Poster Boy For The Financial Crash? Read More »
There’s widespread industrial action in Belgium today as unions call a strike to mark today’s summit meeting. The general strike, Brussels’ first action in almost two decades, forced the authorities to shut the country’s rail network leaving many trams and buses without drivers. Some international flights have been cancelled, while some bulk cargo terminals have
SHIBOR, Will This Be The Acronym Of The Decade For FX Traders? Read More »
Has Canada Gone Loonie, Are They Seriously Considering Replacing All Their Paper Currency With Plastic? There are many viral marketing campaigns on the web, most crash and burn. Others, such as the one my colleagues at FXCC towers are about to unleash, have a real point of difference, I won’t spoil the surprise as we’ll
Has Canada Gone Loonie? Read More »
Edmund Burke, a British statesman and philosopher who lived from 1729-1797, once described Spain as “a whale stranded upon the coast of Europe”. That quote seems apt on the morning that desperately poor Spanish unemployment figures have been published. Spain already has the highest unemployment level in the EU, where youth unemployment is close to
A Whale Stranded Upon The Coast Of Europe Read More »
Many economists and market commentators fear that the US and other countries with large budget deficits (in their own floating rate currency) face hyperinflation if they; “continue to print their way out of the current problem”. Many also fear that in the example of the USA “Helicopter Ben” has pumped so much “money” into the
If Helicopter Ben Flies Again We Needn't Fear Hyper Inflation Read More »
