Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
International Monetary Fund Managing Director Christine Lagarde said on Friday at a gathering in Pretoria South Africa that she didn’t think 2012 would be “the end of the euro currency” despite the debt crisis in the euro zone. [quote] Will 2012 be the end of the euro? My answer is, I don’t think so. The […]
IMF Chief Predicts Euro To Survive Read More »
They are not too dissimilar in economic terms, Ireland is ranked as 48th on a global scale and Greece is ranked as 37th. The GDP per capita of Greeks is $27,875 (nominal, 2011 est.) and the GDP per capita of the Irish is $37,700 (estimate 2009-2010). There is one stark difference, the ease of doing
A Tale Of Two Austerity Cities, Athens And Dublin Read More »
The impact of austerity measures is hitting hard in Ireland. Arguably the first major developed economy to suffer at the hands of the ‘Austerical’ technocratic impositions of the EU and IMF the country is now teetering on the edge of a ‘technical recession’ although to argue the technicalities of such a situation seems irrelevant given
The Reality Of Harsh Austerity Measures As Illustrated By Eurozone Member Ireland Read More »
The Ballad Of Jed Clampett “Come and listen to a story about a man named Jed A poor mountaineer, barely kept his family fed, Then one day he was shootin’ at some food, And up through the ground came a bubblin’ crude. Oil that is. Black gold. Texas tea…” The Beverly Hillbillies series starts with
The Ballad Of Jed Clampett – The USA Era Of 'Oil Innocence' Is Over Read More »
Despite the Nikkei index closing up the Hang Seng and CSI closed down in the overnight early morning session. European markets have followed suit, the majority of main bourses indices are down in the morning session. Reality and sobriety could be hitting the European markets due to Greece suggesting it could leave the mechanism inside
The Initial New Year Rally Appears To Have Faded Read More »
When the largest hedge fund operators speak its essential that we pay attention, there are two in particular that investors and speculators should bookmark and/or sign up to Google alerts for to ensure you’re constantly on message with their pronouncements. They are PIMCO and Bridgewater. Both have recently issued very dire predictions on the future
The Only Tools Left In The Toolbox Are To Kill Zombies With Read More »
As rain and gales batter parts of the UK this morning some unwelcome financial news also crashed ashore; the UK manufacturing sector posted its worst quarterly performance since the recession officially ended. PMI data published by Markit reveals that UK manufacturing output stands at 49.6 in December, output fell (the 50-point mark that separates expansion
As The German Economy Powers Ahead Is The UK Delivering Pre-Recessionary Figures? Read More »
“Happy Birthday” is a 1981 single written, produced, and performed by Stevie Wonder for the Motown label. Stevie Wonder, a social activist, was one of the main figures in the campaign to have the birthday of Martin Luther King, Jr. become a national holiday, and created the single to make the cause known. The song
Happy Birthday To Ya, Happy Birthday. The Euro Could Become The World's Leading Currency Read More »
European equities have risen during the first trading day of the year, following the Stoxx Europe 600 Index’s first annual loss since 2008, as gauges of carmakers and chemical producers advanced. Asian shares in the markets that were open overnight/early morning had mixed fortunes. The Stoxx 600 rose 0.2 percent to 245.11 by 9:00 a.m.
The Markets Wake Up After The Holiday Slumber Read More »
The euro weakened for a sixth day in series versus the yen in the morning session, heading for its second annual drop whilst European stocks shed their advances amid the mounting concerns that the severe austerity measures, imposed by the technocrats in order to counter the region’s debt crisis, will inevitably slow growth or send
Euro Continues Falling Versus The Yen And Dollar Read More »
