Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
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 »
If you’ve had a few bad trading experiences lately then you may want to spare a thought for FX concepts who are apparently the largest currency hedge fund on the planet. It’s been obvious for most of this year that this predatory hedge fund bet that their ’tills would ring’ if a Euroland collapse leads
Betting On A Euro Collapse? Don't Hold Your Breath, Or Your Position Trades Read More »
Ever added to a losing position? No, me neither. There we are talking about risking no more than 1% of our capital per trade and a former Goldman Sachs co chairman treats his company and crucially OTHER PEOPLE’S MONEY like a pot at a Las Vegas poker table and goes full tilt and all in.
MF Global Went Postal Read More »
It’s becoming increasingly difficult to comment on the various rumours emanating from the new ‘technocracy’ put in place in Europe. On Friday of last week the FT published their findings that the EFSF could not be enlarged anywhere near the capacity required to be the necessary ‘bazooka’, as a consequence the equity index markets fell
Rumours Are Like Wildfire – You Are Burned Up Before You Know It Read More »
A small-town Greek mayor visits the home of his friend who is also the mayor of a ‘twinned’ small rural Italian town. The Greek mayor is blown away by the amount of luxury on display: swimming pool, three cars, impressive villa with 10 bedrooms and 7 bathrooms. Greek mayor: “My dear friend, who paid for
The End Of The Road Read More »
Six degrees of separation refers to the idea that everyone is approximately six steps away, by way of introduction, from any other person on Earth. A chain of, “a friend of a friend” statements can be made, on average, to connect any two people in six steps or fewer. It was originally set out by
Six Degrees Of Separation Now Shrunk To Three Or Four, But For Bank Contagion It's One Read More »
