Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
European leaders will this week try to deliver new fiscal rules and cut Greece’s debt burden hoping investors ignore Standard & Poor’s euro-region downgrades. Initially European markets fell on opening as did the Euro which have both recovered to be hovering around positive territory. The thought could be that the French downgrade in particular was […]
Is The UK Back In Recession? Read More »
“The Creator Made Italy From Designs by Michael Angelo” – Mark Twain 1835-1910 European shares and the single currency have risen on Friday after positive comments on the region’s outlook from the European Central Bank and the success of Spain’s bond auction yesterday, attention is now focused on Italy’s first debt sale of the year.
The Creator Made Italy From Designs by Michael Angelo Read More »
It’s actually an urban myth that the great wall of China is “visible from the moon” or visible from orbit with the naked eye unless we’re accepting that using Google earth amounts to the same. The claim the Great Wall is visible has been debunked many times but is still ingrained in popular culture. The
Is China Beginning Its Great Unwind From USA Dollars? Read More »
The news agencies delighted in reporting in the news yesterday that Barclays Capital had published their version of the Skyscraper index. According to a study by Barclays Capital, the mania for skyscrapers over the last 140 years is a sure indicator of an imminent crash. They point out that the construction boom that created New
The Faulty Towers Index And How Building Skyscrapers Heralds Economic Doom Not Boom Read More »
Contrary to analysts’ expectations British industrial output figures were published revealing a 0.6% fall in November highlighting the suspicion that the overall UK economy contracted in the final quarter of 2011 and will inevitably fall back into a technical recession zone. The ONS report stated that the fall in industrial production was caused by a
Are We All Done With Shopping? Read More »
Work until you’re 75? You may have to according to leading academics specializing in the pension industry. The pensions ‘police’ don’t want the retirement age lifted and your contributions increased so you can sky dive and scuba dive in your retirement, they want it raised so you’re closer to death, ergo they pay out less. Even better
The Pensions Time Bomb Read More »
Italian Technocrat Fears Uprisings And Protests In Italy Once Austerity Measures Begin To Bite Unelected technocratic Italian Prime Minister Mario Monti has made a plea for more “help” before convening talks in Berlin with German Chancellor Angela Merkel today, warning that his austerity measures could trigger anti-European protests in Italy without signs of progress. Monti
Italian Technocrat Fears Uprisings And Protests In Italy Read More »
USA Consumer Credit Reaches Ten Year High As Savings Rate Continues To Languish The news released yesterday that USA citizens had gorged on a credit binge (the likes of which had not been seen for ten years) took many market commentators and publishers by surprise. Whilst there is evidence that a degree of optimism is
USA Consumer Credit Reaches Ten Year High Read More »
We covered how the austerity measures are beginning to bite hard in Greece during our tale of two cities forex market commentary of last week. The youth unemployment problem is dire, adoption and care agencies are at breaking point as desperate families are giving up their children for adoption but these charities (having had their
Greeks Use Bailout Cash To Buy Military Hardware Read More »
Despite the Eurozone debacle the French are showing remarkable trust in the system, their banks and our beleaguered, battered and bruised single Currency. With one of the lowest personal debt ratios in the Eurozone, partly as a consequence of the French not over indulging in the sub prime mortgage debt binge that Brits gorged on
