Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
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 [...]
Euro defies weakness in Greek debt »
The sun shone brightly over the Pacific this morning leaving investors in no doubt that the region is set to ride the building crest of a wave in the coming quarters. A fresh wave of enthusiasm for the Asian growth rebound helped tip the scales against the low-yielding yen and in favor of other high-yielding [...]
Unemployment and Inflation Rise in the Euro Zone »
European economies are struggling to recover from the most severe and synchronized recession since WWII amid the slowdown in growth and high debt prevailing in European economies. The progress seen by the euro zone at the end of last year started to ease, while governments are focusing meanwhile on shaving their huge deficits.
The euro zone [...]
The pound and euro resume their advance after weaker-than-expected ADP report »
The pound and euro continued their incline against majors after a report showing that U.S. ADP employment change fell 23 thousands in March, defying analysts’ expectations of 40 thousands rise. The news boosted higher-yielding currencies that were already traded high earlier today. On the other hand, the dollar index, which tracks the dollar movements versus [...]
Key fundamentals from the euro zone and U.K. after introducing aid for Greece »
This week, the euro zone will release its confidence for March and unemployment for February data, while the U.K. will release its final GDP reading for the fourth quarter. However, the main focus remains on deficit issues in EU countries after offering help to Greece.
In the euro zone, confidence slipped suddenly in February after reaching [...]
Euro up on Greece plan; Nikkei hits 18-month high (Reuters) »
, lifting some pressure on the single currency.
, tempering market reaction.
The deal offers Athens loans and cash but only as a last resort and can only be disbursed with unanimous euro zone approval.
Major European markets (.FTEU3) were expected to open slightly lower, according to financial spreadbetters, with some dealers looking to take [...]
The euro recouped some of its losses against the dollar »
Daily U.S. Forex Summary
Fri, Mar 26 2010, 05:53 GMT
was buoyed after its recent gains against a basket of currencies as investors continue to buy back the safe haven currency amid hopeful economic news. Data from the Labor Department showed initial claims for state unemployment benefits fell 14,000 to a [...]
EMU poll – Slim Yes majority despite the euro’s woes »
Thu, Mar 25 2010, 13:42 GMT
Statistics Denmark regularly surveys the attitude of the Danes to the euro on behalf of Danske Bank. The March poll shows the Yes side still having a slight lead – although the lead has shrunk considerably since the end of 2009. Looking solely at those who are [...]
Greece woes push euro to 10-month low »
(Reuters) – The euro sank to a 10-month low against the dollar and a lifetime trough versus the Swiss franc on Wednesday as speculation Greece may have a difficult time securing debt aid highlighted instability in the euro zone.
European shares hit their highest since October 2008, following a climb in U.S. stocks, but broader [...]
Euro gains on Greece’s bailout plan »
Tue, Mar 16 2010, 18:57 GMT
The 16-nation currency gained severely against the Dollar as E.U finance ministers drafted a blueprint to aid Greece with its ballooning deficit, in addition news from the Standard & Poor’s of affirming Greece’s credit rating at BBB+ despite its debt issues while downgrading the country from “creditwatch [...]