Rumors are that the ECB is going to step in an assist the Spanish Banks. Greece is considering replacing the euro and Europe cannot decide between austerity and growth on the back of a stimulus injection. There are many casualties in this European confusion, mostly investors nerves, and global confidence in the leadership of the […]
Rumors Innuendo and Worries Emanate from the EU Read More »
Yesterday, trading in the EUR/GBP pair was confined to a very tight sideways trading range in the low 0.8000 area. This relative calm occurred even as there were quite some headlines both from EU and the UK. The euro was under slight pressure at the start of trading in Europe as investors were disappointed on
Today's View Of The EUR/GBP Read More »
EU summits or the new mini-summits are occurring much more frequently since the euro zone crisis developed, as its finance ministers and leaders struggle to manage rapidly moving events, including those on financial markets. At times it appears the ministers have lost control or are only capable of reacting defensively to them. This week’s mini-summit
EU Summits And Mini Summits Read More »
Gold has dropped for a third day as worries about the fallout from a potential Greek exit of the euro zone pushed investors to pile into the US dollar. With little action announced from the EU Summit in Brussels yesterday, investor’s worries continue to escalate. This week the markets have had warning from the OECD,
Gold Continues To Tarnish Read More »
During the early Asian session, crude oil futures prices are trading above $90.45/bbl with a gain of more than 40 cents on the Globex electronic platform. This may be a slight pull back on expectation of China will accelerate efforts to spur growth after the manufacturing index fell below 49 in May. On the other
Crude Oil During The Asian Session Read More »
The leaders of the 27 countries that make up the European Union are to meet in Brussels Wednesday to try and find a way to keep the debt crisis in Europe from spiralling out of control and promote jobs and growth. The original meeting was supposed to be informal, but with pressure building in the
The Unofficial EU Summit Takes Centre Stage Read More »
A Little Of This And A Little Of That From Financial Markets Around The Globe Commodities and equities took a breather and were seen recuperating from the recent slump though persistent worries over euro zone debt crisis and political uncertainty in Greece made investors remain guarded. Rebound in euro from a four month low levels
A Little Of This And A Little Of That Read More »
Today, the economic calendar is rather thin with only the euro zone industrial production data and final figure of Italian CPI inflation. Euro area Finance Ministers meet in Brussels and Spain (12/18 month T-Bills), Germany (Bubills) and Italy (BTPs) will tap the market. In the euro area, industrial production is forecast to have risen for
Economic Calendar Events And Bond Auctions May 14 2012 Read More »
Today, there are again few important eco data on the calendar in Europe. In the US, the import prices, the March trade data and the jobless claims will be published. The jobless claims have most market moving potential. A better figure might be slightly supportive for the dollar. However, the focus will stay on Europe.
A Close Look At The Eurozone Read More »
In a market surprise this morning, the little country of New Zealand was shocked by a report showing that kiwi unemployment skyrocketed. New Zealand’s unemployment rate unexpectedly rose to 6.7 per cent in the first quarter after the labour force swelled to a three-year high. The unemployment rate rose 0.3 percentage points in the three
Where Did All The Jobs Go? Read More »
