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Euro Crisis is Alive and Well.
From FX Madness, 8 month ago, Read 0 times. Similar articles
The common currency is in the news again and not from a flattering angle. Just one day after a group of 5 central banks moved in to provide stability to the European banking system through liquidity, more concerns emerged. This time Germany’s ruling coalition government delayed discussing the European Stability Mechanism in cabinet, meaning that legislation on the euro-zone’s permanent rescue fund will not likely be in place by the end of this year as hoped.
The ESM is seen as...
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Rates are appropiate.
From FX Madness, 2 year ago, Read 0 times. Similar articles
European Central Banks held its regularly scheduled policy meeting today. With no surprise to any body, interest rates were left unchanged at the record low 1%. This “record low” starts to lose meaning now, being at this level for so long. At this point it old news, a status quo of sorts. ECB President Jean-Claude [...]
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Bad news for Euro.
From FX Madness, 2 year ago, Read 0 times. Similar articles
The German Federal Statistical Office published some economic data today. And it wasn’t pretty. According to official figures, Germany’s economy contracted 5% in 2009, which is by far its worst performance since World War II. Until now, the worst postwar performance to date was a 0.9 percent decline in West Germany’s gross domestic product in [...]
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FED posts income!?!
From FX Madness, 2 year ago, Read 0 times. Similar articles
The Federal Reserve announced that it generated record profits last year. Central Bank recorded gains of $52.1 billion, passing $46.1billion of that over to The Treasury Department. This marks the largest profit ever since the FED was established in 1914. Money was generated from selling of securities, which were acquired through its emergence buying programs [...]
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Threats from SNB.
From FX Madness, 2 year ago, Read 0 times. Similar articles
Start of Forex trading was very brisk this week. Currencies opened with fairly sharp moves, reversing them in matter of hours in most crosses. In some instances it was only couple of hours. Gaps were present, too. Not everywhere and not very big, but quite a few of them happened. Some were playable, wide enough to [...]
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New week, new opportunities, maybe.
From FX Madness, 2 year ago, Read 0 times. Similar articles
Last week ended on heavy sell off of USD Dollar, following new unemployment data. It will be very interesting to see if volatility, and the trend, caused by this event carries over into Monday. Dollar has been trying to stage a reversal over couple of days preceding the announcements and it seems NFP put an [...]
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More jobs lost.
From FX Madness, 2 year ago, Read 0 times. Similar articles
For a long time now we’ve been hearing about recovery, sometimes referred to as “jobless recovery“. Recently, however, this has been replaced with positive expectation for job market. Especially authorities claimed that data indicated probable bottoming out of employment market, and we should expected some job creation to happen soon. Come to think of that, it has [...]
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No change from BoE.
From FX Madness, 2 year ago, Read 0 times. Similar articles
During regularly scheduled monetary policy meeting, Bank of England left its benchmark interest rate and asset-purchase plan unchanged. No surprises, this was largely expected. Analysts claim that BoE has little if any reasons to make adjustments, even if more voices are raised about possible credit rating cut for country’s sovereign debt. Some suggest that probability [...]
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No bailout'
From FX Madness, 2 year ago, Read 0 times. Similar articles
Interesting turn of events in Europe. Officials from European Central Bank are scheduled to visit Athens to discus financial difficulties facing Greece. This country has been in the news ever since sovereign debt rating has been lowered late last year on fears of default. At that time ECB signaled that would stand by Greece, in the [...]
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Good start.
From FX Madness, 2 year ago, Read 0 times. Similar articles
Currencies started new year relatively quiet. No really big moves from right away, but things moving along fairly fast. Japanese Yen opened with gaps, as expected, even if they were not sizable. Some platforms might not even show them at all, depending on the time when activity resumed after the weekend. In most cases, however, they were present. [...]
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JPY watch.
From FX Madness, 2 year ago, Read 0 times. Similar articles
Now that major holidays are behind us, trading should return to normal. By “normal” I mean customary spreads, around the clock action, no days off outside the weekends. It will be some time before another celebration interrupts typical routine. Well, some people would be happy to celebrate anything, but unless Bernanke and Trichet embrace “Palindrome [...]
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