Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
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 »
I can’t be alone in doing a bit of head scratching were Italy’s involvement in the proposed IMF lending is concerned, it’s reminiscent of the scene in Donnie Brasco were Jonny Depp gives the gangster Lefty, played by Al Pacino, money as a Christmas gift and Lefty gives the same in return, but takes some
The safe haven status of gold appears to have lost it’s shine, whether or not this is a trend, or a temporary loss of faith (as a reversion to the yearly mean takes hold) remains to be seen. Many analysts and commentators have continued to hold polarised views on the precious metals sector; whilst the
Fools' Gold? Gold Sits On The 200 Moving Average Read More »
‘Triple Witching’ is an event that occurs when the contracts for stock index futures, stock index options and stock options all expire on the same day. Triple witching days happen four times a year on the third Friday of March, June, September and December. This phenomenon is sometimes referred to as “freaky Friday”. The final
Triple Witching On Freaky Friday Can't Put A Spell On A Bad Euro Bet Read More »
The French term Entente Cordiale, translated as “cordial agreement” or “cordial understanding”, was first used in English in 1844 to denote recognition of common interests between the United Kingdom and France. When used today the term almost always denotes the second Entente Cordiale, that is to say the written and partly secret agreement signed in
Sacré Bleu, La Fin De L'Entente Cordiale Read More »
The euro steadied slightly in the morning session hovering at 13000 just off new 11-month lows on Thursday, with investors’ collective eyes fixed on the Swiss National Bank (SNB) meeting to consider its campaign of currency intervention, while a Spanish bond auction will offer more signs on the depth of Europe’s debt crisis. The prospect
Markets Stable For Now Read More »
In November 1959, the Joint Chiefs of Staff created the DEFCON system so that a uniform readiness posture could be prescribed in the various military commands. Since the system was introduced, portions of the U.S. military have been placed at higher readiness levels on numerous instances. The DEFCON level is controlled primarily by the President
RWN (Rating Watch Negative) = Financial DEFCON 2 For France Read More »
