Why a Greek Exit From the Eurozone Could Be Great News For Markets Everybody is talking about a potential “Grexit”. John Stepek looks at the potential for a Greek exit from the eurozone and what the impact may be for financial markets going forward. Article from MONEYMORNING – 10th MAY 2012 Greece is looking…
What the European Elections Mean for the Euro The EURUSD is up and down nowadays on any news relating to the fundamental backdrop in Europe. In this guest post from Money Morning John Stepek looks at, and provides an opinion on, recent developments in the EZ with a particular focus on Greece and the ECB. Article…
Another Nail in the Coffin of the US Economic Recovery In this article Dr. Alex Cowie looks at last Fridays NFP data and the subsequent market reaction. Dr. Cowie also looks at the election of Presidente Hollande in France and how the Euro-zone dynamics may change from the previous Sarkozy and German Chancellor Merkel era….
FXstreet.com Traders Conference – June 2012 Each year Fxstreet.com presents this special event with both experts and retail traders getting together. Retail traders at some point get to trade LIVE with the experts and get sa feel for how they trade. The International Traders Conference’s is held in Barcelona (Spain). Speakers this year include the…
Nonfarm Payrolls April 2012 – Dollar Higher SP500 Lower On U.S. Employment Data The dollar gained versus its major counterparts on broad based risk aversion flows following the NFP data release; the jobs report failed to meet investors’ pre-release expectations. Analysts had widely forecasted a figure of around 160,000-170,000 pre NFP. Fed chair Ben Bernanke last…
Reverse Polarity in World Markets – DAN DENNING on 4 MAY 2012 In order to talk about cycles, and how they can help your understanding of world markets, brings me to an idea I want to share with you. It’s also an idea that describes and predicts great change in the world. The idea is…
Currency Exchange Stability Helping Swiss Business Swiss businesses are becoming somewhat less concerned with regards to the Swiss franc’s strength since the exchange-rate cap against the euro reduced foreign exchange related doubt and helped with advanced planning, according to the SNB. A recent bulletin coming from the Swiss National Bank advised that the exchange rate…
BOE Meeting Minutes Reveal Support For 75 Billion Pound QE Sterling is trading lower today versus its major currency counterparts after the Bank Of England MPC meeting minutes revealed there was support for additional quantitative easing (QE) to stimulate the national economy. Two of the MPC members – Adam Posen and David Miles – both…
Bernanke Reaffirms Low Rate Outlook Ben Bernanke today said that the U.S. Labor Market is a “long way” from normal. This comes after the latest NFP release revealed the jobless rate surprisingly dropped to 8.3% in January. Federal Reserve Chairman Ben S. Bernanke testified today for the Senate Budget Committee and pointed out that his…
The U.S. unemployment rate witnessed another drop, by 0.2% to 8.3%, which was aided by a fall due to elevated employment, which is a positive for the U.S. economy, and not just cutbacks within the labor force of the nation. The U.S. economy generated job opportunities at what was the quickest rate seen in nine-months…
Euro zone policy makers are today negotiating the terms of a potential Greek debt restructure package following the announcement after from the private creditor representative that they would not improve on an earlier offer. This is seen as critical with regards to outstanding Greek debt obligations in order to help avoid a default that which would…
EURCHF 1.20 Level Within Reach The SNB have previously advised that “with immediate effect”, the bank “will no longer tolerate a EUR/CHF exchange rate below the minimum rate of CHF 1.20.” Well, price is currently sitting at 1.2091 and has been as low as 1.2059 on Friday the 13th Jan. This level will most likely…
Nonfarm Payroll Data Comes In Better Than Widely Forecast The December U.S. NFP report data ended up being healthier than anticipated. Nonfarm payroll employment improved by 200k, higher than the forecast 155k. This came as the unemployment level dropped 0.2% down to 8.5 %. The EUR/USD currency pair slipped lower and made a continuation of…
Can The Euro Go Much Lower In 2012? Last week the CFTC’s commitment of traders report showed selling of the euro is a trade that is more popular than it ever has been before. This data showed that large specs were actually net short on the European common currency against the increasingly sought after United…
Silvio Berlusconi Willing To Resign Italian Prime Minister Silvio Berlusconi has said he is willing to resign after Parliament approves the relevant austerity measures in next weeks crucial vote; this comes as defections out of his ruling party eventually left the PM devoid of the required majority. This offer of a resignation comes after Berlusconi…
Soros Comments On The Eurozone Agreement Veteran trader George Soros has commented on the issue of leadership, or lack thereof, over the euro-zone financial situation and declared that the brand new Brussels “deal” to resolve the ongoing sovereign debt crisis is only going to last around “one day to three months”. An article from the…
Greek Debt Deal Has Been Reached Eurozone policy makers have reached a Greek debt deal agreement they believe could change the financial landscape regarding the ongoing crisis, risk correlated assets including the Euro currency have benefited in early trading; this comes following anxious discussions geared towards getting financial institutions to carry more substantial cutbacks on…
Forex Broker Report Q3 2011 Recent US retail forex broker results show that all round earnings are up. This comes in spite of the exceptionally unstable quarter the forex markets have seen – which typically results in higher losses for most Forex traders. The Forex broker FXCM has seen an increase around 8% in their…
Greek Default Worries Escalating The EU persists in keeping a brave face regarding the Greek bailout but behind the scenes one has to wonder if measures are increasingly being used to plan for a default. Greek Prime Minister George Papandreou was in London, on his way to the UN and IMF gatherings, the moment in…
IBFX Connect has just been launched which allows traders to identify, follow and copy trades while collaborating and sharing information with other Forex, indices & metals traders. Performance can be analysed via stats on charts and graphs and alerts are available including audio, visual and email format. The interface provided shows whether traders are on…
