Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
UK unemployment has hit a fresh 17-year high after the public sector shed thousands more jobs than anticipated and as many economists predicted the private sector failed to pick up the slack. Youth unemployment increased holding above the record high of over 1 million and the total number of unemployed people rose to 2.64m over […]
UK Unemployment Reaches Seventeen Year High Read More »
There comes a time when we all begin to sound like our parents. As a father of three, with my teenage Daughter at university in the UK, I’m already a few years into my ‘metamorphosis’. I avoid coming across as a hypocrite and try not to lecture, instead I attempt to “gently persuade”. My eldest
Beware The Hot Air Of The Official Inflation Stats Read More »
European equities have fluctuated in the morning session, following on from yesterday’s sell off as investors await a U.S. report that may show retail sales in the world’s largest economy increased. U.S. index futures have gained marginally, the SPX is up 0.5% as Asian shares fell during the early morning session. The Stoxx Europe 600
Markets Struggle To Find Direction As They Await The Next Rating Agencies Decisions Read More »
The frozen planet series broadcast by the BBC network over recent months has been a revelation. The subject matter and the photography have been first class, the programme is currently one of the favourites amongst UK viewers. Those of us who need some peace and quiet to retire to, when prolefeed such as X factor
Beware The Fake Of The Mainstream Media Read More »
As the UK’s FSA finally released their report on the downfall of RBS in the early hours of this morning many readers will be catapulted back to the days of 2008-2009 when the globe’s financial structure and system appeared to wobble on it’s axis. Despite the credit crunch (as it was termed) being temporarily fixed
The Arrogance And Ignorance Of The Masters Of The Universe Read More »
European equities and U.S. equity futures have fallen in the morning session whilst the euro weakened as Moody’s Investors Service reported that it will review ratings for countries in the region post last week’s summit. The overall bearish mood has been accentuated as Italy and France prepare to sell debt in today’s sessions. Commodities have
Doubts Remain And The Narrative Resumes Versus Europe's Solvency Read More »
Euro leaders will have been brought back down to earth with a harsh bump and reminded of the stark reality of the current situation as Moody’s downgraded the credit worthiness of the leading French banks. BNP Paribas SA, Societe Generale SA and Groupe Credit Agricole had their credit ratings cut by Moody’s Investors Service this
One Step Forward One Step Back Read More »
Despite its inevitability even political agnostics must hold their collective heads in their hands with regards to the British prime minister’s veto of the agreement reached on Friday morning by twenty three of Britain’s European peers and allies. Cameron will now come back to the UK and no doubt be greeted by his back benchers
European Leaders Make Progress Without An Outcrop Of Small Islands – Oh And Hungary Read More »
When the European telescope initiative was launched and given the name the European Extremely Large Telescope I chuckled, in fact I had visions of ‘astro geeks’ rolling on the floor at the deliberate irony and forced ineptitude of the name; the best and brightest engineers on the planet and that’s the best they could come
Euro-vision doesn't require the European Extremely Large Telescope Read More »
The Merkozy alliance appear immune to the noise outside of the insular tent created for them by their various Eurocrats and mandarins. The economy of Europe is on a knife-edge and their message continues to be centred on “fiscal discipline”. Paris and Berlin apparently need to win backing quickly for their plan to amend the
Show Us The Money, The Euro Money Read More »
