Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
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
The latest incumbent in charge of the UK government’s spin and posturing is, as we say in the UK, playing a blinder. Mired in accusations of sleaze with regards to the former News Of The World Sunday newspaper, a former defence Minister, involved in defence ‘matters’, such as who gets what political help and reconstruction
As Europe Burns the UK Plays Second Fiddle Read More »
As the dust settles with regards to the overall Franco-German solution which will be unveiled this coming weekend (no doubt in painful bite size chunks) attention may still shift to France and the exposure of its banks, specifically in relation to Greece’s impending default which as a continual narrative appears to have disappeared from the
Will France's Credit Rating be Targeted Irrespective of any Eurozone Solvency Solution? Read More »
Market commentators and analysts writing for the likes of the FT, Bloomberg and Reuters may want to try writing an economic news story with regards to weak data without ‘blaming’ Europe..”Oh, I see China’s economy has expanded at it’s slowest rate for two years, that’ll be those pesky Europeans and their banking crisis again..” is
When the Finger Points Read More »
Amongst the many ‘therapies’ I developed in order to keep my trigger happy trading finger less active back in the early days of my FX trading was eBay sniping for bargains. I’d have a hit list of necessary items and once hunted down I’d set alarms and countdown the days and minutes and snipe for
How eBay Sniping Can Reveal the True Health of the UK's Retail Sector Read More »
How Much? ¿Cuánto Cuesta? Do You Take cheques? ¿Toméis Los Cheques What can only be described as weary cynicism appears to have enveloped both the markets and market opinion. The next in a long drawn out series of macro economic meetings is scheduled for next Sunday, a summit at which the 27 EU leaders (in
How Much? – Do You Take cheques? Read More »
