Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
Perhaps the USA senate needs to look up the meaning of the word “diktat” before attempting to issue the same versus one of its major trading partners. A diktat is a harsh penalty or settlement imposed upon a defeated party by the victor, or a dogmatic decree. The senate would have been better employed studying […]
The U.S. Senate Needs to Research Yin Yang and Stop Playing Ping Pong Read More »
The US senate passed legislation yesterday to allow companies to seek compensation due to the USA administration’s perception that the weak Yuan is hurting the USA’s ability to export. Imported Chinese goods are also apparently costing too much due to the value of the Yuan. Would this include goods from Apple, such as the iPhone,
Job Creation or More Bad Apples? Read More »
What a spoilsport, just when the market had begun to buy the narrative from the Merkozy conjoinment along comes the chairman of euro zone finance ministers, Jean-Claude Juncker stating, (late in the evening during an Austrian television interview), that a compulsory write-down of 50 to 60 percent of Greek debt may be unavoidable. [quote]I do
Jean Claude Juncker Gives the Markets Their Drop the Bacon Toasties Moment Read More »
Apologies for mixing up two metaphors in the title, I did consider three, (Pandora’s box could have easily been slipped in) but two distinct ‘events’ over recent days have lit the touch paper..oops..there’s the third metaphor. One event moved passed jaw jaw into war war versus a specific economic malaise, the other remains deeply entrenched
Will Opening Up the Can of Worms Light The Powder Keg? Read More »
Ahead of the G20 summit scheduled for November EU ministers and policy makers will come under increasing pressure to create and ultimately ratify an agreement in relation to the direction and shape the overall Eurozone rescue package will take. Simon Maughan, head of sales and distribution at MF Global Ltd. in London, said in a
Moody's Downgrade UK Banks the Day After QE is Announced Read More »
Stocks have risen for a second day on Thursday as anticipation has grown that policymakers will finally take steps to support European banks under threat from the impact of a possible Greek default. German Chancellor Angela Merkel stated on Wednesday that Germany was ready to recapitalize its banks if needed, European finance ministers appear to
No Tequila Sunrise for Those who Bet on the Peso versus the Dollar Read More »
What would be the biggest news in relation to the ongoing Eurozone crisis? We’re not talking Greece default here, or the troika finally sending white smoke up the chimney from their secretive Vatican like refuge as they play out their version of the College of Cardinals meeting in conclave to elect a new pope, (bailout).
Deutschland über alles, or leading us up a blind alley? Read More »
When the main markets began to ‘correct’ in late July – early August many sages and sock puppets were immediately let loose to ‘astroturf’ the airwaves, forums and usual suspect news broadcasts in order to soothe the masses with regards to the impact. One of the most prominent messages was; “well we’re still in positive
Does a dead cat still bounce when it's nine lives are over? Read More »
As the USA gets prepared to bite the hand that feeds you have to wonder if they’ve really thought this through, or is this latest invented enemy simply a xenophobic ill timed swipe at anything ‘anti American’? When your country’s economy is 70% reliant on consumerism and only twelve percent manufacturing perhaps you should tread
The Great Wall of China is a Match for the Wails of the USA Read More »
The Federal Reserve Bank of New York will begin to question foreign banks for more thorough reports on their liquidity (and indirectly their solvency) as the U.S. steps up its risk monitoring of Europe’s sovereign debt crisis. Regulators have apparently held informal talks with the largest European lenders. The reports may cover potential liabilities such
USA FED Plays Show and Tell Read More »
