USD Turns Bullish Following EU News
January 25, 2012 4:43 pm by Dan EduardThe US dollar had a particularly strong day today following negative news out of both Japan and the euro-zone. News that Japan has logged in a trade deficit for the first time since 1980 caused the USD/JPY pair to ...
Bundesbank Adds to EUR Woes
December 6, 2011 8:38 am by Russell GlaserA report this morning that the German Bundesbank won’t support using additional IMF funds for a European bailout added to the EUR’s woes a day after S&P placed 15 euro zone nations on a negative ratings watch.
U.S. Markets Remain Down
October 7, 2011 3:56 pm by Elliott AtkinsPositive employment numbers helped the U.S. stock markets jump significantly during late Friday afternoon trading. Despite the gains, the credit rating downgrades of Spain and Italy put a damper on trading soon thereafter. Many view this as a sign that no ...
ECB to Enact New Measures
October 6, 2011 4:32 pm by Elliott AtkinsThursday afternoon the ECB enacted multiple measures to help alleviate the financial crisis currently hitting the EU. First, the ECB plans to once again buy covered bank bonds and would implement measures for refinancing slated to last a year. This is ...
IMF to Intervene in Bond Markets
October 5, 2011 4:38 pm by Elliott AtkinsAfter much deliberation the IMF has indicated that it may indeed intervene in bond markets as it anticipates the Greek bailout package to be modified. This move has the support of a number of countries currently facing debt crises such as ...
Greek Debt the Main Focus at EU Meeting
October 4, 2011 9:32 am by Elliott AtkinsFollowing Tuesday’s meeting with top European Union finance ministers, there remains much doubt regarding the ability of the Greek government to meet its debt obligations. While there were several other topics discussed, such as shoring up other euro zone economies, ...
Greek Debt Woes Continue
October 3, 2011 2:41 pm by Elliott AtkinsFinancial markets in Europe took another hit on Monday with more news coming from Greece regarding its debt woes. According to a deal brokered with the IMF and the EU, Greece agreed to cut its deficit to 7.6% of GDP. However, ...
EU Ministers to Discuss Stimulus Package
October 2, 2011 9:15 am by Elliott AtkinsEU ministers have agreed to meet next week to discuss the possibility of a fresh stimulus package to help bolster weak economic figures coming from the European Union. EU finance ministers will focus on garnering support from the wealthiest euro-zone ...
EUR Decline Halted by Bond Purchases
August 8, 2011 7:13 pm by Greg HoldenA sharp decline in the value of the euro (EUR) this morning was offset somewhat after the European Central Bank (ECB) decided to intervene by purchasing Italian and Spanish government bonds. The euro zone has been hit hard by debt ...
Japanese Data Mixed
August 8, 2011 7:12 pm by Greg HoldenReports issued this morning by the Bank of Japan (BOJ) have created mixed results. The intervention by the BOJ in forex markets last Thursday has caused several swings in currency values over the last few trading days. This morning’s data ...
