Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
Amongst the ‘good news’ regarding consumer optimism that was reported on Tuesday came the very bad news (which appeared to be buried) that the USA was close to breaching the first level of it’s revised debt ceiling agreed by both houses in the USA Congress back in late July, early August 2011. We’ll comment on […]
Japan sold at least 14.3 trillion yen ($183 billion) in 2011 in order to stem the gains that cut profits for exporters, Finance Minister Jun Azumi has pledged more intervention if required in 2012. Intervention in 2012 may fail again however, as the financial turmoil in the USA and Europe attracts investors to the world’s
2012, The Year Of The Yen? Read More »
“I’m all lost in the supermarket I can no longer shop happily I came in here for that special offer A guaranteed personality” – The Clash 1979 The day preceding Xmas Eve caused chaos in certain stores across the USA as ‘sneaker heads’ turned riotous. It’s impossible to imagine how sane individuals could get so
I'm All Lost In The Supermarket, I Can No Longer Shop Happily Read More »
“All your base are belong to us” (often shortened to “All Your Base”, “AYBABTU”) is a broken English phrase that became an Internet phenomenon in 2000–2002. The text comes from the opening cutscene of the 1991 European Sega Mega Drive version of the video game Zero Wing which was poorly translated from Japanese… It’s only
All Your Cash, Are Belong To Us Mario Monti Takes On The Italian Cash Society Read More »
Bloomberg have released a Christmas cracker for investors this morning, under the USA Freedom of Information Act they’ve obtained the detail on the loans made to the banks and various financial institutions from when the banking system began to implode in 2008-2009. I’ve provided a link to the main body of the information, but it’s
St. OMO, The 'Beatification' Of The FED May Take Some Time Read More »
Ireland was regarded as the poster child for a booming economy. When period houses in Dublin were selling for over a million euros in 2007 it was regarded as good news, there was no reference to first time buyers left stranded as the first rung remained out of reach. House prices have collapsed by 15.5%
The Austerical Deliverance Of The Technocrats Isn't Working Read More »
Whilst investors are winding down for the year-end and trading volumes are set to dwindle, the threat of mass credit ratings downgrades for the euro zone countries still stalks the market. However, the European Central Bank lending programme yesterday eased fears about an immediate ‘credit crunch’, although it’s not regarded as resolving the huge indebtedness
Investors Pause For Breath And Take Stock Read More »
The head of the world’s biggest bond fund said he sees a more than one-in-three chance that the euro zone will break apart in 2012-2013 and trigger a financial crisis akin to the one that devastated the global economy in 2008. “It would be the equivalent of a sudden stop” in which financial markets seized
Brothers In Arms Get Money For Nothing Read More »
“The Gold Diggers’ Song (We’re in the Money)” is a song from the 1933 film Gold Diggers of 1933, sung in the opening sequence by Ginger Rogers and chorus. The lyrics were written by Al Dubin and the music by Harry Warren. It became a standard and its melody is well known. Early renditions of
The Gold Diggers Song – We're In The Money Read More »
German business confidence rose marginally for the second month in a row in December, perhaps suggesting that Europe’s largest economy may be weathering the region’s debt crisis. The Ifo institute’s business climate index rose to 107.2 from 106.6 in November, the Munich-based institute has reported this morning. Economists anticipated a small drop to 106, the
Confidence Is Contagious. So Is Lack Of Confidence Read More »
