Interest Rates, Sovereign Debt, and Event Risk
June 6, 2011 1:12 pm by Russell GlaserThis week’s trading is highlighted by a mix of potential monetary policy moves and sovereign debt risks.
Inflation Pressures Remain on ECB Radar
June 6, 2011 8:49 am by Russell GlaserEuro zone PPI data may show continued inflationary pressures in the euro zone as the market shifts its attention from the Greek sovereign debt crisis to the upcoming ECB policy meeting.
ECB Resists Greek Debt Restructuring
May 19, 2011 6:37 pm by Russell GlaserLines are being drawn in the fight over how to handle the Greek fiscal crisis. The ECB and Greece are wrangling over a potential restructuring of Greek debt or an increase of financial aid to the country in return for ...
European Inflation Data to Underscore Current Tightening Cycle
May 16, 2011 7:24 am by Russell GlaserToday’s release of European inflation data is expected to show continued price pressures in the EU and may force the ECB to raise interest rates in the July meeting. While this may be a positive for the euro, technical signals ...
ECB’s President Trichet Declares Financial Reforms only Half Done
May 13, 2011 5:19 pm by Greg HoldenToday’s speech delivered by the European Central Bank (ECB) President Jean-Claude Trichet was a reminder to many that Europe still faces hardship, regardless of the progress which has already been made. The speech was part of a full-day conference in ...
Greek Debt Crisis and ECB Interest Rates Driving the Euro
May 10, 2011 3:57 pm by Russell GlaserThe euro continues to tread water as the common currency has come off its recent lows but still trading inside yesterday’s range versus the major currencies. Fears of a Greek restructuring and even threats of succession from the euro zone ...
Commodities Move Sharply Lower on Euro Decline
May 5, 2011 8:53 pm by Russell GlaserThe euro is in a free fall versus the dollar following a speech by ECB President that was absent of the typical wording to prepare markets for an interest rate hike. The pause in ECB tightening fed into risk aversion ...
Mixed Fundamentals Hold EUR Steady
April 15, 2011 4:03 pm by Greg HoldenThe euro appeared ready to take a hit on Friday as Moody’s rating agency downgraded Ireland’s debt to a level near “junk” status. But the 17-nation common currency was trading flat through most of the day given the large number ...
Crude Oil Rally to Continue; Gold Rebounds to $1,437 an Ounce
March 7, 2011 7:29 am by Yan PettersIt is now safe to say that the past month’s most lucrative investment has been crude oil. Traders that opened a long position for oil on February 16th bought it at around $85 a barrel. If they kept the position ...
Interest Rate Differentials Drive EUR/CHF
February 10, 2011 6:58 pm by Russell GlaserThe euro came under renewed pressure today as spreads on Portuguese debt widened versus its German counterparts. The rise in spreads may have been caused by renewed fiscal worries in the euro zone. However, deflationary pressures in Switzerland may prevent ...
