Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
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 »
One outcome is certain once the ‘crucial’ meeting is over on December 9th, there’ll be no tangible solution that “the market”, commentators, analysts, or the general public can draw comfort from, neither will they be left with a sense of belief that a solution to the various crises has finally been reached, church bells will
United States of Europe Or A Disunited Autocratic Superstate? Read More »
A week in politics is often described as a long time, perhaps “the markets” have forgotten Standard & Poor’s ‘form’ were downgrades are concerned. Following its earthquake downgrade of the United States’ sovereign debt rating from AAA to AA+ on August 5, Standard & Poor’s downgraded several major U.S. and European banks in the final
Why Standard and Poor's Have Done The Eurozone A Favour Read More »
“Elsa Fornero in Lacrime” was the short headline in many Italian newspapers and online publications this morning. As the scope and damage of the new austerity autocracy was finally revealed by the unelected technocrats in Italy on Sunday evening a minister was left in tears. Now powerless to stop the relentless invisible hand of the
Once all the global financial crisis ‘dust’ has settled and a brighter, harmonious global financial future begins to take shape, history may be kind to the German chancellor Angela Merkel. Steadfast and resolute she appears to be the only senior ministerial decision maker who has kept her head and dignity throughout the Eurozone debacle. Despite
Just how easy (or difficult) it is to ‘do business’ in a country is a subject many entrepreneurs and businesses have to consider if operating in or intending to operate overseas. This annual table and report is fascinating from two distinct perspectives. Those at the top of the list in terms of probity such as
Corruption Perceptions Index 2011 Read More »
