ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
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Enough To Convince MarketsTitle:
How Ben Bernanke Rationalizes “Exceptionally Low” Interest Rates
Anything happen in the markets yesterday? To tell the truth, we forgot to check. Let’s have a look now, then…
Dow up by 80-something points. A barrel of the world’s currently-preferred energy sits pretty at $100, on the nose. Nothing much, in other words.
Ooh…but here’s something: “Gold extends post-Fed rally to 6-week high.” MarketWatch has the story…
Gold prices climbed Thursday to levels last seen in early December, extending a rally triggered as the Federal Reserve pledged to hold US ...
Title:
Hedge funds lock horns with IMF on Greek debt
(Reuters) - Hedge funds are taking on the powerful International Monetary Fund over its plan to slash Greece's towering debt burden as time runs out on the talks that could sway the future of Europe's single currency.
The funds have built up such a powerful positions in Greek bonds that they could derail Europe's tactic of getting banks and other bondholders to share the burden of reducing the country's debt on a voluntary basis.
Bondholders need to give up some 100 billion euros ($130 billion) ...
Title:
Stocks fall after Fed, euro hits 11-month low
(Reuters) - The euro plunged to an 11-month low on Tuesday and U.S. stocks fell as worries about Europe's debt crisis mounted and the Federal Reserve said market turbulence may pose risks for the U.S. economy.
The euro zone agreed to impose stricter budget discipline on members last week but markets were not convinced it had done enough to solve a two-year old debt crisis.
As a result, investors were bracing for credit downgrades for multiple euro zone governments, possibly including France ...
Title:
EURUSD continues its post-summit slide
FUNDAMENTAL OUTLOOK at 0800 GMT (EDT +0400)
USD
EURUSD continued its post-summit slide as the market has reverted to the conclusion that not enough has been done. Although some stability measures for financial markets have been welcome, the summit agreements themselves raise plenty of new questions, to which the market is not convinced that the answers would be favourable, such as the ratification process and the relevant democratic mandates by individual EU governments. In addition, investors ...
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Europe's possible downgrade weighed down on Asian stocks
Asian stocks fell today as risk aversion is still strong due to the uncertainties that determined investors to seek safe haven. Europe's possible downgrade is weighing down on markets since yesterday, as it could pose significant economic threats on a global scale.
While Moody's said yesterday that European nations still face the risk of credit downgrades since the outcome of the European summit failed to convince markets, Fitch said that the solutions offered by the European leaders last week ...
Title:
Euro hits 2-month low on euro zone debt fears
(Reuters) - The euro plumbed two-month lows in Asia on Tuesday while the Australian dollar sank closer to parity as rising disappointment over the European Union's summit prompted investors to position for possible downgrades of euro zone sovereign credit ratings.
Rating agencies warned on Monday that last week's EU summit, viewed by some as a last chance to save the euro, did not go far enough in easing immediate concerns about the region's debt markets.
The euro fell as low as $1.3160, but ...
Title:
Changing Views on Growth and Economic Recovery
What’s new?
When we signed off last week, the Germans and the French were trying to hold Europe together. This morning, they are still trying.
“Don’t you live in Europe?” asked a friend at a party over the weekend.
“Yes…much of the time.”
“Well, maybe you can tell me what is going on with this European debt crisis?”
“I was hoping you would tell me.”
The closer you to get to Europe, the harder it is to see what is going on. In the trees of constitutional changes, pledges of solidarity, ...
Title:
Euro Slumps After Moody’s Warning
The euro dropped today after Moody’s followed Standard & Poor’s as it warned about possible downgrades of the European countries. The shared 17-nation currency fell against the dollar and the yen.
The summit of the European leaders has came and gone. It even brought some results. But, apparently, it wasn’t enough to convince everybody that the eurozone can deal with its crisis. Certainly, Moody’s Rating Service wasn’t impressed and signaled that the sovereign ratings of the European countries ...
Title:
EU summit gives only temporary relief to Euro
Morning Briefing : EU summit gives only temporary relief to Euro
What's new:
Forex: Euro dips as EU summit fails to fully convince investors
Global Markets: Stocks rise on renewed hopes after summit
European Union: EU states agree to pursue stricter budget rules, provide €200 bln to IMF; UK abstains
Euro zone: Moody’s says crisis is still in “critical” and “volatile” stage
United Kingdom: Prime Minister Cameron vetoes new EU treaty
Euro zone: Spain and Italy will tap markets in final 2011 bond ...
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