Looming credit crisis despite Eurozone financial bounce?
Forex News The Euro rallied strongly, alongside other risky assets on Wednesday as the heavyweight of European finance, Jose Manuel Barroso, announced a plan to end the European debt situation and force a decisive decision on the sustainability of Greece. Despite ...
Hopes For A Resolution To The Euro Zone Debt Crisis Boosts Stocks
Forex News US stocks traded higher on Wednesday morning, and into the afternoon on investor optimism over a resolution to the Euro zone debt crisis. Investors chose to ignore a disappointing start to earnings season, as Alcoa missed analysts’ forecasts. ...
The Euro Rallies on German French Plan
Forex News The Troika, which includes the EDCB, EU and IMF are expected to conclude their review of Greece and follow with a statement focusing on the ESFS on Tuesday. According to the Greek finance minister there are sufficient funds available until mid-November, ...
Sovereign debt fears may push the Euro lower
Forex News The Euro began the week under heavy pressure amongst an increasingly nervous and information-starved investment community before appearing to make a comeback mid-week against the USD. This rally was short lived as news from the ECB and re-ratings by Moodys ...
BOE send the GBP diving
Forex News What would have normally been a straightforward, even uninteresting day for the army of GBP traders became a wild scurry for cover as the normally-conservative Bank of England decided to let its hair down throw a bit of cash about. The fact that this ...
BOE drives Sterling after surprise bond purchase announcement
Forex News The Pound experience a wild ride during a trading session where riskier assets were back in vogue. The FTSE rallied nearly 3.75% as investor piled back into UK debt and equity instruments. The pound move lower in early trade, but quickly bounced as ...
Moody’s Cools Towards Italy
Forex News The ratings agency Moody’s has cut its rating of Italian credit worthiness by three notches from Aa2 to A2. This implies that Moody’s is suggesting that investment in Italian government bonds has become riskier, suggesting that the chances of a default ...
No news is positive news?
Forex News If knowledge is power then lack of it must be fear. This is the assumption of many economic writers who claim that the trickle of information surrounding the European sovereign debt crisis has magnified the reactions of investors tenfold. To a degree ...
Greece Announces That It Will Miss Deficit Target
Forex News The Greeks were the folk that brought you the sovereign debt crisis. National debt has been the obvious elephant in the room for many years, but everybody was too polite to talk about it. It was not a problem that snuck-up on the world whilst we were ...
50 is magic number
Forex News This morning all eyes were focused firmly on the number 50. Banks, traders and politicians held their breath as the most powerful economy in Europe stood before an economic indicator with the authority to well and truly nail the lid on the Europe’s ...
