Analitics
Market rally in advance of Berlusconi exit?
Politics have driven the markets for months now, but yesterday’s price action showed a clear signal to Italian premier: we want you out. When rumours of his resignation surfaced yesterday the markets rallied. Today, as Berlusconi’s D-day approaches, the markets are in buoyant form.
Source: Forex.com
08.11.2011
The G20 summit fails to inspire confidence
Keeping to his word Greek Prime Minister Papandreou has announced that he will be stepping down as PM, this was after he hinted that even if he survived his 57th confidence vote he would resign.
Source: Forex.com
07.11.2011
Papandreou does an about-face
Greece continues to dominate the headlines and risk sentiment. Greek Prime Minister Papandreou has now withdrawn his call for a referendum on Greece’s membership in the Eurozone after the opposition announced that they will support the terms of the October 27 austerity package.
Source: Forex.com
04.11.2011
Draghi takes the markets by storm
At the start of the trading day everyone was talking about how hard it would be for Draghi to begin his Presidency of the ECB in the middle of such a mess.
Source: Forex.com
03.11.2011
Greece possibly leaving the Euro
Greece remains the focal point of investor sentiment and risk is suffering as a result. Greek Prime Minister Papandreou is not backing down with his plan to hold a confidence vote in Parliament on Friday and the referendum on the proposed austerity measures later in the year.
Source: Forex.com
02.11.2011
Nov. 2011 FOMC Meeting
Summary Outlook: On Wednesday, November 2 at 1230EDT/1630GMT, the FOMC is expected to announce a mostly steady policy decision, but the focus will be on whether the Fed engages in a third-round of asset purchases or QE3.
Source: Forex.com
01.11.2011
RBA Rate Decision
The RBA meets tomorrow and it is widely expected to cut interest rates to 4.5% from 4.75%. This was signaled in the minutes of its last meeting a, thus if the Bank fails to do this it would shock the market.
Source: Forex.com
31.10.2011
Will NFP Sputter Underlying Dollar Strength?
The Greenback was weakened against most of its peers yesterday, only printing marginal gains against the British Pound, beaten after the BoE announced to increase their asset purchase program. On the backdrop of recent Central Banks decisions to engage on further easing, pressure is now on the Fed on trying to tackle the risk of recession in the US.
Source: FXStreet.com
07.10.2011
Daily World Market Update BOE surprise markets with £75bn QE
Mervyn and the MPC have got their bazooka out once again and the reasons are simple and obvious; strains in funding markets, slackening global economy and a consumer that is scared of spending money. We had expected the Bank of England to hold QE today with the belief that they would wait on measures from the European finance ministers’ meeting in Cannes at the beginning of November but they have obviously had enough of the deterioration in global finances.
Source: FXStreet.com
06.10.2011
Can Euro Maintain Recent Highs?
The late New York run up in the EUR/USD did not survive the Asia session as traders looked to sell the unit at more attractive levels. Although reaching 1.3370 in early morning trade, the EUR/USD descended from these highs amidst the backdrop of fleeting optimism in the handling of the Euro Zone crisis. Although markets reacted positively to news that the European Union would help sure up any deficient banks in the region, soon after, Italian debt was once again downgraded.
Source: Forex.com
05.10.2011
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