Markets breathed a collective sigh of relief as Greece formerly adopted austerity measures. That should allow the release of the next tranche of its 2010 bail-out package, with Sunday’s emergency Eurozone finance ministers meeting fully expected to approve this. Greece looks likely to avoid a default, for now. While markets Read More Diverging Policy Decisions [...]
In the week ahead, the dollar, euro and pound face the greatest event risk. With the BoE and ECB rate decisions and US NFPs on deck, will EURUSD and GBPUSD move onto the next leg of their bull trends? Read More GBPUSD and EURGBP Focus on ECB and BoE Rate Decisions, Tempered Expectations for NFPs
The greenback slumped further as violence in Libya escalated and fears continue to mount of unrest spreading to other, more economically significant countries in the region. Despite the largest gain in jobs since census-induced hiring in mid-2010, and other signs of improvement in US labor markets e.g. further declines in Read More The Dollar Sags [...]
Prime minister exposes G20 rift with call for other countries to follow UK’s lead on taxes and spending to tackle massive deficits. Read More David Cameron calls on G20 to take unpopular decisions for growth
After a busy economic week in Europe as the BoE and ECB interest rate decisions were announced, where both central banks left them unchanged at a historic low of 0.50% and 1.00% respectively. 5 Vote(s) Read More A calm economic week after central bank rate decisions
The pound remained bearish this week as market sentiment towards assets in the U.K. didn’t manage to improve, after interest rates remained at a record low in the country, according to what most analysts expected to happen for today’s decisions.(…)Read the rest of Bank of England’s Decisions Affect Pound’s Performance (147 words) Posted on Forex News. Read More Bank of Englands Decisions Affect Pounds Performance
A week of rate decisions, quarterly GDP reports, US employment figures and a number of other significant releases offers the potential for a great deal of volatility. The two central banks that have the greatest potential for altering monetary policy will convene this week in the RBA and BoE which could initiate new trends in [...]
Swiss gross domestic product rose 0.3% in the third quarter as the economy returned to growth ending the current recession. A 2.6% increase in exports, a 1.3% rise in government spending along with an improvements in household spending helped end a yearlong contraction. Read More Improving German and Swiss Fundamentals Create Tough Decisions For Policy [...]
He is perhaps the single most important man in the financial universe but that did not stop Ben Bernanke from sleeping on his own office couch. Read More Ben Bernanke defends decisions on TV
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