‘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 »
The French term Entente Cordiale, translated as “cordial agreement” or “cordial understanding”, was first used in English in 1844 to denote recognition of common interests between the United Kingdom and France. When used today the term almost always denotes the second Entente Cordiale, that is to say the written and partly secret agreement signed in
Sacré Bleu, La Fin De L'Entente Cordiale Read More »
The euro steadied slightly in the morning session hovering at 13000 just off new 11-month lows on Thursday, with investors’ collective eyes fixed on the Swiss National Bank (SNB) meeting to consider its campaign of currency intervention, while a Spanish bond auction will offer more signs on the depth of Europe’s debt crisis. The prospect
Markets Stable For Now Read More »
Euro leaders will have been brought back down to earth with a harsh bump and reminded of the stark reality of the current situation as Moody’s downgraded the credit worthiness of the leading French banks. BNP Paribas SA, Societe Generale SA and Groupe Credit Agricole had their credit ratings cut by Moody’s Investors Service this
One Step Forward One Step Back Read More »
Despite its inevitability even political agnostics must hold their collective heads in their hands with regards to the British prime minister’s veto of the agreement reached on Friday morning by twenty three of Britain’s European peers and allies. Cameron will now come back to the UK and no doubt be greeted by his back benchers
European Leaders Make Progress Without An Outcrop Of Small Islands – Oh And Hungary Read More »
The Merkozy alliance appear immune to the noise outside of the insular tent created for them by their various Eurocrats and mandarins. The economy of Europe is on a knife-edge and their message continues to be centred on “fiscal discipline”. Paris and Berlin apparently need to win backing quickly for their plan to amend the
Show Us The Money, The Euro Money Read More »
One outcome is certain once the ‘crucial’ meeting is over on December 9th, there’ll be no tangible solution that “the market”, commentators, analysts, or the general public can draw comfort from, neither will they be left with a sense of belief that a solution to the various crises has finally been reached, church bells will
United States of Europe Or A Disunited Autocratic Superstate? Read More »
“When you woke up this morning everything you had was gone. By half past ten your head was going ding-dong. Ringing like a bell from your head down to your toes, like a voice telling you there was something you should know. “Last night you were flying but today you’re so low – ain’t it
Once all the global financial crisis ‘dust’ has settled and a brighter, harmonious global financial future begins to take shape, history may be kind to the German chancellor Angela Merkel. Steadfast and resolute she appears to be the only senior ministerial decision maker who has kept her head and dignity throughout the Eurozone debacle. Despite
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 »
