Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
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 »
The word “bankster” has been over used since the crash of 2008. In some respects, witnessing the unelected premiers of Greece and Italy turn the tables versus the banksters, is fascinating. To use the German word “schadenfreude” seems appropriate given Ms. Merkel was instrumental in encouraging both countries to put aside such petty trivial matters
Making An Offer They Can't Refuse Read More »
When You’re Born You Get A Ticket To The Freak Show. When You’re Born In America, You Get A Front Row Seat “The real reason that we can’t have the Ten Commandments in a courthouse: You cannot post ‘Thou shalt not steal,’ ‘Thou shalt not commit adultery,’ and ‘Thou shalt not lie’ in a building
When You’re Born You Get A Ticket To The Freak Show Read More »
The British economy shrank by 0.2% in the fourth quarter of 2011, according to official ONS figures, edging closer to a recession (defined in the UK and Europe as two or more consecutive quarters of contraction). This is worse than economists expected, having pencilled in a 0.1% contraction. In the third quarter of 2011, the
The UK Economy Edges Closer To A Double Dip Recession Read More »
Following yesterday’s meetings in Brussels, Greek ministers have insisted that banks must accept a lower interest rate on the new Greek bonds that they will receive as part of the ‘swap’ deal. The 4% coupon demanded by the Institute of International Finance (IIF) (who represent Greek creditors) is not deemed to be acceptable. The move
Greek & Euro Ministers Play Game Of Show & Tell With Private Bondholders Read More »
There appears to be an element within the press that wants to over egg this pudding for all it’s worth, can they simply not let go of the potential for drama? Search as hard as you can there doesn’t appear to have been any recorded systemic change between the optimism of an overall deal on
Is The Greek Debt Swap Deal Really On A Knife Edge? Read More »
