Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
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
[quote]A day will come when all nations on our continent will form a European brotherhood. A day will come when we shall see the United States of America and the United States of Europe, face to face, reaching out for each other across the seas. – Victor Hugo 1848.[/quote] In December 1996, the designs for
The Euro is Dead, Long Live the Euro Read More »
The slump in share values and the volatility of the forex markets hasn’t reduced me to swearing, I moved on a few years back from swearing at the monitor and “the markets” when my trades went bad. Oh ok, I admit it, I still do it now and again, but hey, you have to have
Fracking Shale Gas, Fracking Economy Read More »
During the 2008-2009 banking crisis the FDIC website experienced a surge in traffic. Plenty of observers have kept a ‘weather eye’ on the site since. It listed and continues to list failed banks and financial institutions in the USA whose depositors and investors required assistance from the Federal Deposit Insurance Corporation. The late 2000s financial
The Recent History of Epic Bank Failure has been Forgotten Read More »
Whilst all the focus is on the plight of the Eurozone the domestic financial mess the USA is locked in continues to escape rigorous scrutiny. California is bust, Jefferson county can’t afford its sewers and now we learn that Wayne County Detroit’s morgue can’t afford to bury, or cremate their dead. Having sacked three out
Bring Out Your Dead…or Pile Them Up Read More »
[quote]He’s not the messiah, he’s a very naughty boy.. – Monty Python, Life Of Brian.[/quote] There was a time when politicians made an effort to set the moral agenda. However, given the refusal of leading politicians (in all countries) to accept any responsibility for their actions it comes as no surprise when the CEOs of
Falling on your sword is just so last century Read More »
