Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
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 »
I was determined to get another opportunity to use the “Dexia line”, thank you Mr Market. Two issues caught the eye overnight, firstly that the Dexia rescue has failed and secondly that a quiet bank run, for the elite not for us proles, is happening before our very eyes. Dexia’s temporary salvation has failed, France
Dexia And The Midnight Runners Read More »
There’s been many theories and solutions offered up as to the escape route for the current insoluble financial malaise, those of us with memories that extend beyond the previous year’s X-Factor winner will have noticed the subject of Iran creeping back into the MSM’s (main stream media) agenda lately and how the drumbeat started in
Will the Euro collapse, or will the global investment community switch its attention to the plight of the USA? Will there be warnings versus the dollar and the impending $15.5 trillion of US debt? Will the Euro be allowed to collapse given the monumental effort that’s been undertaken by the E.U. to create such a
UK Prime Minister David Cameron will be warned today that he risks creating an unstoppable momentum behind a “two-speed Europe”, which would be dominated by France and Germany, if Britain seeks to gain political advantage by making demands for too many concessions during the eurozone crisis. In a series of meetings in Berlin and Brussels,
Can A Two Speed Europe Be The Route Forward, Or Will The Divisions Render It Unworkable? Read More »
At times it’s worth taking a step back from chaotic situations in order to evaluate the damage. This also provides the opportunity to establish what measures have been taken to move away from chaos into effective crisis management. A clearer picture can then emerge as to how the damage is being contained, repaired and what
Déjà Vu, The Uncanny Sense That We've Been Here Before Read More »
The current vogue in market analyst circles, when commentating on data produced by various government bodies or respected publishers, is to micro-analyse each minuscule movement and produce reams of discussion on each small variance. Whereas previously a movement of circa 0.5% would be regarded as irrelevant ‘noise’ given it could be a statistical blip or
Just Above Zero Is The New Norm Read More »
Sacrifices were the essential elements in Greek and Roman religious rituals. Sacrifices could be offered for thanksgiving, to ask for something, or to satisfy the gods. Sacrifices could be of meat, other food, or drink. The last are usually called libations. There were various types of animal sacrifice, including suovetaurilia, for a pig, ox, or
The Greeks And Romans Are To Make Sacrifices Read More »
As the dust settles with regards to Greece and Italy can we expect their respective crises to ‘do a Libya’ and simply disappear from the mainstream media’s glare as if the crisis is over, or will the stark realisation emerge that nothing has changed other than (day by day) the problems get deeper as certain
Give Me Your Tired, Your Poor, Your Huddled Masses Yearning To Breathe Free Read More »
