There are two other reasons why I doubt the Fed can see the light at the end of the tunnel that illuminates a recovery.
Of primary importance is the rapidly escalating cost of energy. While the Fed's monetary expansion aids the investment bankers who then allocate monies to various asset...
Robin Hood: Do you yield? Friar Tuck: I'd rather roast in hell. Robin Hood: Prince of Thieves (1991)
Eurozone governments, always searching for new revenue sources, think a trading tax on financial transactions might be just the answer. Finance minister Germany, France, Italy and Spain as...
"Masters, spread yourselves." Bottom, A Midsummer Night's Dream.
When traders get really good and bearish, how often does a market then turn around? I have often felt that it is the markets function to fool as many people as possible. After all, if it were easy everyone would be a trader...
EURGBP. We had some interesting economic numbers released last week. Perhaps overlooked was the European M3 money supply report. This is the broadest measurement of the money supply and the quarterly and yearly growth numbers were both smaller than expected. The largest deviation from the...
EURUSD. Reports Wednesday October 24 confirmed that the economic slowdown which has been plaguing the countries in Southern Europe is moving north. The German Manufacturing PMI (M/M) was down to 45.7 from 47.4 last month. The Services PMI slipped to 49.3 from last month's 49.7. Continuing, the...
Last evening the bond rating company S&P reduced the ratings of Spanish sovereign debt toward the junk level. As might be expected, this proved bearish on the euro versus the USD, taking the pair down close to the 200-day SMA at 1.2825. Then it bounced and has since rallied to the 1.2940 area...
ECB President Draghi revealed his bond-buying plan, named 'Monetary Outright Transactions', similar to the plans leaked to the press Wednesday. While the market did rally Wednesday on the rumour, the EURUSD (FXE) has sold off from the high Thursday.
There is probably more than one reason for...
The European Central Bank President, Mario Draghi, at a meeting in London yesterday, led cheers for the future of the euro. Draghi said: "Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough."
There is no way to know if these...
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.