Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
La Dolce Vita, Italian for “the sweet life” or “the good life” is a 1960 comedy-drama film written and directed by Federico Fellini. The film is a story of a passive journalist’s week in Rome, and his search for both happiness and love that will never come. Generally cited as the film that marks the […]
Potemkin villages or Potyomkin villages (Russian: Потёмкинские деревни) is an idiom based on a historical myth. According to the myth, there were fake settlements purportedly erected at the direction of Russian minister Grigory Potemkin to fool Empress Catherine II during her visit to Crimea in 1787. According to this story, Potemkin, who led the Crimean
Cannes, the Modern Day Potemkin Village Read More »
There are times when the mechanics of high finance can leave even the most economically literate amongst us speechless. Whilst there’s an argument that burning through $500 billion is simply emotive and extreme language to describe the ‘spend’ the Bank of Japan has engaged in to support the yen, the fact remains that estimates put
$500 billion just doesn't buy what it used to Read More »
Despite the efforts of the greatest economic minds available to the European ministers the very best the forecasters, quants, policy ‘makers and shakers’ could devise during the tortured weeks of ‘Merkozy’ meetings was leveraging the initial bailout fund by five times its value to then (fingers crossed) sell the Eurobond paper to Japan, Asia and
Beware Geeks Bearing Gifts Read More »
Assumption, can make an ASS out of U and ME… It would appear that the solution for the Eurozone crisis, released to the markets which the mainstream media lapped up like a child whose Christmas list had been ticked to the letter, has been juiced. Underpinning the detail and process was an assumption and expectation
The European Rag and Bone SPIVS do the Asian Tour whilst collecting Air Miles Read More »
Ultimately the EU ministerial roadshow had to release a plan, even if many commentators believed it to be woefully inadequate they had to be seen to be doing something. The €1 trillion combined rescue package will create the right kind of headlines through the mass media channels to ensure that Joe Public and the rest
Taking a Knife to a Gunfight, the Trillion Euro Sticking Plaster Read More »
One issue Tim Geithner nailed on Tuesday was to suggest that the posturing and prevarication of the EU has to stop. He stated that the predicament was; “the biggest challenge to growth worldwide, we want to see details, not just the objectives, and the primary burden falls on the Europeans.” The time for talk is
EU Officials Move Past Perception Management Into Damage Limitation Read More »
Despite the Wednesday decision deadline looming large “the markets” are showing no signs of panic, the presumption from investors being that a satisfactory solution will be found. Despite the suggestion being aired by EU officials, that banks holding Greek debt may have to take up to 60% haircut on their bonds and other investments, the
Wednesday's Child is Full of Woe Read More »
The story of Rip Van Winkle is set in the years before and after the American Revolutionary War. In a pleasant village, at the foot of New York’s “Kaatskill” Mountains, lives the kindly Rip Van Winkle, a colonial British-American villager of Dutch descent. Rip is an amiable though somewhat hermitic man who enjoys solitary activities
How Sarkozy Must Wish He Could Be Rip Van Winkle Read More »
You have to wonder if all the spin and posturing has been worth it given that sixteen year olds in the UK with a C grade in GSCE maths could have told the great and the good at the countless; troika, EU and IMF meetings held over the past few months that the €440 billion
