ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
|
Europe Wide StressTitle:
The Weekly Bottom Line : 05/02/2012
The Weekly Bottom Line : 05/02/2012
HIGHLIGHTS OF THE WEEK
United States
U.S. economic indicators for January point to renewed momentum in early 2012. Non-farm payrolls expanded by a vigorous 243K, and the unemployment rate fell to 8.3%.
Vehicle sales rose 4.6% to 14.1 million (SAAR) in January, reaching the highest level in over three and half years and surpassing the one-time shot in the arm provided by the cash for clunkers stimulus program.
ISM manufacturing and non- ...
Title:
Analysis: Bond benchmarks put investors in undue danger
Investors are needlessly exposing themselves to huge potential losses by defying two golden rules for making money through bonds - lend more to those who will pay on time in full and less to those already saturated in debt.
Traditional fixed income benchmarks that allocate investment weight based on the volume of a country's debts have nurtured what some see as a dangerous conviction that sovereign borrowers who owe the most are the safest to lend to.
In a clarion call to investors the same ...
Title:
GLOBAL MARKETS-Euro, stocks fall as Europe sees new signs of
The euro and stocks fell on Monday as an agreement to restructure Greek debt remained elusive and new signs of stress in the Portuguese debt market renewed fears that the European debt crisis remained at risk of contagion.
Although talks between Greece and its private bondholders made some progress over the weekend, no agreement had been reached before the start on Monday of a European Union summit where a permanent bailout fund for the region is to be approved.
In addition, the yields on ...
Title:
Bernanke says Fed pondering further stimulus
(Reuters) - Federal Reserve Chairman Ben Bernanke said on Wednesday the central bank was ready to offer the economy additional stimulus after it announced interest rates would likely remain near zero until at least late 2014.
The Fed also took the historic step of adopting an explicit inflation target, though Bernanke took pains to stress that officials would be flexible about reining in price growth when unemployment was too high.
The late 2014 timeframe for the first rate hike was ...
Title:
The euro settled above 1.30
FUNDAMENTAL OUTLOOK at 0800 GMT (EDT +0400)
USD
The euro settled above 1.30 during the US session as investors remain hopeful of a settlement on the Greek PSI. However, reports remain conflicting – a finance ministry source noted that there will be a final offer on the bond swap by February 13th, and the Eurogroup said that current talks on the debt deal were ‘constructive’, but other sources warned that there is currently no intention by either the Eurozone or the IMF to give more money to ...
Title:
S&P downgrades nine euro nations led by France and Austria as market reaction to continue this week
Markets were agonized on Friday and the euro was under heavy downside pressure with the selloff across the board on the news that France lost its top credit rating, and as the news were confirmed from Standard & Poor’s after the exit of European markets for the weekend the agony is likely to remain on Monday on Asia and on Europe especially with the lack of major data and absence of U.S. markets.
Standard & Poor’s stripped France and Austria of their top triple-A rating alongside other seven ...
Title:
S&P downgrades nine euro nations led by France and Austria as market reaction to continue this week
Markets were agonized on Friday and the euro was under heavy downside pressure with the selloff across the board on the news that France lost its top credit rating, and as the news were confirmed from Standard & Poor’s after the exit of European markets for the weekend the agony is likely to remain on Monday on Asia and on Europe especially with the lack of major data and absence of U.S. markets.
Standard & Poor’s stripped France and Austria of their top triple-A rating alongside other seven ...
Title:
EUR/AUD Slumps to Record Low After S&P Hurts Outlook for Europe
The Australian dollar jumped against the euro after Standard & Poor’s harmed sentiment about Europe by cutting credit ratings of European countries. The Australian currency managed to erase losses against the US dollar and the Japanese yen despite the resulting pessimism.
S&P announced yesterday:
We have lowered the long-term ratings on Cyprus, Italy, Portugal, and Spain by two notches; lowered the long-term ratings on Austria, France, Malta, Slovakia, and Slovenia, by one notch; and ...
Title:
Pictet Daily Forex Analysis - 01/12/2012
The German economy grew at a rate of 3.0% in 2011 as expected. Exports rose 8.2% on the year and imports 7.2%.
Iran says its new nuclear site is irreversible despite mounting international pressure to have it closed.
German Chancellor Angela Merkel says Germany would be prepared to pay more capital into the ESM at the start, in order to give a clear message to markets.
USD/CHF
The proposed EU tax on financial transactions could cost banks between 5% and 10% in profits, according to estimates. ...
|
||||||
