Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
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 »
So many of the sacred cows of the investment world and financial boom appear to be getting slain lately that it’s becoming increasingly difficult to keep up. Australia appears to have recently lost its edge and shine and now New Zealand’s economic growth is under intense scrutiny. Similar to the Aussie the Kiwi has been
Ka Mate; The Haka Won't be Enough to Rescue New Zealand from Financial Meltdown Read More »
As Spain suffered a general strike yesterday, in opposition to the severe austerity measures, once again the mainstream news outlets choose to largely ignore the protests. Buried deep amongst the torrent of news relating to the Eurozone crises, there is one aspect that hardly ever merits a mention, the human angle. Whilst countries such as
Spain's Bull Fighting Ends But The Fight In The People Lives On Read More »
Not wanting to be left behind by various actors, pop stars and other members of the glitterati, the European Commission president Jose Barroso played his popular card in his EU address on Wednesday and lent his support to the zeitgeist of banker hatred by suggesting that a financial transaction tax, the Tobin tax, or what’s
Why the Robin Hood Tax, Belongs With the Men in Tights Read More »
The euro has reversed it’s overnight, early morning bearishness versus the major currencies to make strong gains ahead of two crucial meetings; the troika meeting to rubber stamp Greece’s next proportion of bailout funds and Angela Merkel’s government vote on just how far Germany is prepared to support this and further bailouts for the seventeen
The First of Many D Days for Europe, Decision Days Read More »
“Bread and Circuses” is regarded as a metaphor to explain the superficial means of appeasement. In politics the phrase is used when describing the synthetic creation of public approval. Not through exemplary public service and policy creation, but through immediate satisfaction by pandering to the shallow requirements of the populace. The phrase also suggests the
Does the Premier League have the X-Factor of Rome's Bread and Circuses? Read More »
It was inevitable that the very strong relief rally the markets enjoyed yesterday was unsustainable. Has there ever been a time in recent trading history were merely the mention of possible solutions by European policy makers can lead to such wild swings of sentiment? We’re still some distance away from implementation of the various mechanisms
Relief Rally Fades as the Reality Bites Read More »
“Buy on the rumour sell on the news” is a tried and tested market trading approach, traders often make trading decisions based on what they calculate may happen due to any given economic report or event (the rumour). Once the event passes or the report is released (the news), they then ‘dump’ their positions and
Buying the Rumour but Will We Also Buy the News? Read More »
The “rabbit hole” is an accepted metaphor for the conceptual path which leads to the true nature of reality. Infinitesimally deep and complex, venturing too far down is probably not too clever an idea, you have to wonder if beginning to expose just how deep the global economies’ rabbit hole is burrowed will now irreversibly
