International Monetary Fund Managing Director Christine Lagarde said on Friday at a gathering in Pretoria South Africa that she didn’t think 2012 would be “the end of the euro currency” despite the debt crisis in the euro zone. [quote] Will 2012 be the end of the euro? My answer is, I don’t think so. The […]
IMF Chief Predicts Euro To Survive Read More »
“Happy Birthday” is a 1981 single written, produced, and performed by Stevie Wonder for the Motown label. Stevie Wonder, a social activist, was one of the main figures in the campaign to have the birthday of Martin Luther King, Jr. become a national holiday, and created the single to make the cause known. The song
Happy Birthday To Ya, Happy Birthday. The Euro Could Become The World's Leading Currency Read More »
The euro weakened for a sixth day in series versus the yen in the morning session, heading for its second annual drop whilst European stocks shed their advances amid the mounting concerns that the severe austerity measures, imposed by the technocrats in order to counter the region’s debt crisis, will inevitably slow growth or send
Euro Continues Falling Versus The Yen And Dollar Read More »
The major market sell off experienced yesterday ‘across the board’ was due to the ECB revealing that it’s balance sheet had swelled to record highs as a consequence of its successful loan tender in the week preceding Xmas. As the deadline looms for bids in the Italian debt auction the bond markets reaction is bearish,
Pre Xmas Optimism Blown Away Due To The ECB's Swollen Loan Book Read More »
‘Triple Witching’ is an event that occurs when the contracts for stock index futures, stock index options and stock options all expire on the same day. Triple witching days happen four times a year on the third Friday of March, June, September and December. This phenomenon is sometimes referred to as “freaky Friday”. The final
Triple Witching On Freaky Friday Can't Put A Spell On A Bad Euro Bet Read More »
If you’ve had a few bad trading experiences lately then you may want to spare a thought for FX concepts who are apparently the largest currency hedge fund on the planet. It’s been obvious for most of this year that this predatory hedge fund bet that their ’tills would ring’ if a Euroland collapse leads
Betting On A Euro Collapse? Don't Hold Your Breath, Or Your Position Trades Read More »
Will the Euro collapse, or will the global investment community switch its attention to the plight of the USA? Will there be warnings versus the dollar and the impending $15.5 trillion of US debt? Will the Euro be allowed to collapse given the monumental effort that’s been undertaken by the E.U. to create such a
[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 »
