Markets Lower as Greece Fails to Implement Austerity Measure
Equity markets and high yielding currencies moved lower overnight on news stories that European finance ministers failed to pass its latest loan tranche of 130 billion Euros due to the lack of commitment in Greece to implement austerity measures.
BoE Ramps Up Printing Presses £50bn More
In a signal the Bank o England still considers the UK economy in dire straits, it has ramped up its quantitative easing program £50bn.
ECB Further Loosens Collateral Criteria
The ECB president stuck to a mainly "wait and see" mode in his press conference reiterating the position that economic additions have stabilized at low levels but showing concern about downside risks ahead. The key then really for the ECB was the
SPX 500 - Thursday 02-09-12
The SPX 500 sits about 1 point higher than yesterday’s close on the S&P 500. Overnight we had better than expected CPI
Euro Could Be Headed Toward $1.3435 -BBH
(Dow Jones via eFXnews)The euro broke a key technical level of $1.3244 Tuesday, which was the 38% retracement level from the October to January drop in the exchange rate, Brown Brothers Harriman says in a research note Wednesday.With that lev
How The Eurozone Crisis Affects The Euro Exchange Rate
It’s dominated the economics pages for more than 18 months. But how does the Eurozone debt crisis really affect the euro exchange rate?
EFX Institutional Strategies GBP/USD Is Near Morgan Stanley'
(Dow Jones via eFXnews) GBP/USD close to Morgan Stanley's sell level which is 1.5960.Given low growth and increased supply of currency more QE will weigh on the pound says MS. The bank has a downside target of ....
Greece Tests Market Patience As Debt Deal Delayed
The euro has inched up against its main rivals this morning, as investors continue to hold faith that Greece can sign a debt reduction deal.
Agreement on Greek Bailout Will be Put to Greek Leaders
European crosses rallied in today's session, especially in the New York morning trading session, as there was optimism around a agreements on Greece receiving its second bailout. The agreement's terms will be put to a vote to Greek political lead
Market Outlook - Tuesday 02-07-12
We now wait again for the final documents of the Greek bailout to be completed. Equities have continued to rally a
Aussie Dollar Rallies as RBA Leaves Interest Rates on Hold;
Markets experienced a jolt overnight as the Reserve Bank of Australia surprised markets at its latest monetary policy meeting and left interest rates unchanged at 4.25%. Consensus estimates were calling for a rate cut of 25 basis points, so the
How Rising Interest Rates Cause Currencies To Gain
If the Bank of England raises interest rates, the pound gains. The same regarding the European Central Bank and the euro. So why is this?


