FOREXLEARNING

Germany sees private sector helping Greece »

ATHENS (Reuters) – European banks will contribute to a multi-billion euro Greek bailout, Germany said on Friday, as talks to secure European Union and IMF aid to Athens in return for draconian budget cuts edged toward a deal.

Germany

The European Commission said negotiations on the loan package should be wrapped up by Saturday, and a spokesman [...]

Forex Morning Report – April 30 »

Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money [...]

European Markets Snap 3-Day Loss- Euro Strengthens »

4/29/2010 05:30 am: EUR/$..1.3236 $/JPY..93.96 GBP/$..1.5220 $/CHF..1.0835 AUD/$..0.9264 $/CAD..1.0058
European Markets Snap 3-Day Loss- Euro Strengthens
Asia Pacific markets were mostly weaker across the board with Japan’s Nekkei 225 closed for holiday. US equities rebounded yesterday from the losses sustained on news of downgrades in sovereign credit ratings around Europe. Modest gains came on the heels of [...]

Options on Halliburton get messy »

HAL – Halliburton Co. – Making sense of options activity on oil company, Halliburton Co., this afternoon is difficult due to the chaotic and seemingly pattern-less trading taking place on the stock. Investors exchanged more than 200,000 contracts on HAL by 3:00 pm (ET), which represents approximately 37% of total existing open interest on the [...]

Massey faces criminal probe for mine blast: sources »

WASHINGTON/NEW YORK (Reuters) – Massey Energy Co is under criminal investigation by the FBI after the deadly mine explosion earlier this month in West Virginia that killed 29, U.S. officials familiar with the matter said on Friday.

U.S.

The FBI is probing the company and the circumstances surrounding the explosion, including for potential negligence, the officials said, [...]

CE currencies rebound as pressure on Greece eases »

Headlines
Currencies: CE currencies rebound as pressure on Greece eases

Czech Republic
The Czech koruna firmed slightly as pressure on Greece (and Portugal) eased finally yesterday. The mildly positive price action for the koruna was primarily a result of foreign events, rather than the fact that the Czech MinFin upgraded its forecast for the growth of the Czech [...]

NZD underperformed, falling from 0.7200 to 0.7100 »

News and views
Risk markets partly rebounded after a barely changed stance by the Federal Reserve last night. US rates would remain low for an “extended period”, and there was no mention of asset sales, but the assessment of the labour market improved slightly. Even earlier, though, sentiment towards Europe had stabilised, investors seen buying the [...]

Economy expands as consumers boost spending »

WASHINGTON (Reuters) – The economy expanded at a 3.2 percent annual rate in the first quarter as consumers increased spending at the fastest pace in three years, the strongest sign yet a sustainable recovery may be taking hold.

While growth slowed from the fourth quarter’s rapid 5.6 percent pace and was a touch weaker than economists [...]

Greek crisis highlights shaky role for ratings agencies »

NEW YORK (Reuters) – Standard and Poor’s starring role in the latest chapter of the European debt crisis has rekindled criticism on Wall Street about the role of rating agencies in credit markets.

S&P downgraded Greek debt to junk status on Tuesday and also cut ratings for Portugal and Spain this week in a series of [...]

Euro debt crisis watch »

Southern European debt markets have entered panic mode. The purpose of this monitor is to watch developments in local and global financial markets to keep track of the contagion from the crisis. So far, local contagion to the other PIIGS (Portugal, Ireland, Italy, Greece, Spain) is evident, global contagion is limited.
There are evident signs that [...]