Posts Tagged ‘personal finance’

Spanish bank bailout gives markets a small reprieve – but what next?

Monday, June 11th, 2012

Mike Paterson’s daily Forex brief

In a conference call on Saturday EU ministers agreed to provide a life-line of up to €100 billion to Spain for its ailing banks with money allegedly to be funded by the ESM (more…)

It’s risk-off time again as Fed Chairman Bernanke disappoints a desperate market

Friday, June 8th, 2012

Mike Paterson’s daily Forex brief

I said yesterday that traders wouldn’t be holding any positions for too long and so it’s proved with a complete turn-around in sentiment again following Fed Chairman’s Bernanke to signal any immediate monetary easing. (more…)

Spanish bank rescue package talk lifts Euro after Draghi’s dovish words cause further wobbles

Thursday, June 7th, 2012

Mike Paterson’s daily Forex brief

A lively 24 hours with the ECB holding fire on interest rates, but then the Euro falling after Draghi gave a bleak outlook at the press conference suggesting that monetary easing could not be ruled out. (more…)

Euro a little steadier after talk of more US easing and ahead of ECB decision today, but sellers still lurk

Wednesday, June 6th, 2012

Mike Paterson’s daily Forex brief

With the UK off for the past 2 days we’ve seen some decent levels of action in thin markets, resulting in the Euro making the most of USD negative news but still running into sellers as Eurozone fears remain firmly in the mix. (more…)

Contagion fears rule as focus stays mainly on Spain and investors flee for safety

Thursday, May 31st, 2012

Mike Paterson’s daily Forex brief

Record Spanish government bond yields at 6.67% and record spreads against their German counterparts, poor Italian bond auctions, and … er … , Greece, (more…)

More US Dollar buying as concerns grow for European banks

Wednesday, May 30th, 2012

Mike Paterson’s daily Forex brief

The past 24 hours has since another round of USD buying as concerns increase over the state of European banks after the latest weekly statement published by the ECB. (more…)

Euro remains under pressure in lack-lustre markets

Tuesday, May 29th, 2012

Mike Paterson’s daily Forex brief

With little movement of note we've seen the Euro continue its weaker trend in lack-lustre markets despite many analysts saying it's over- sold and due a rebound. (more…)

Little change but market rally short-lived so far this morning

Monday, May 28th, 2012

Mike Paterson’s daily Forex brief

European stock markets rose this morning after a weekend poll in Greece showed growing support for a pro-austerity conservative party. (more…)

Markets steady a little amidst talk of central banks increasing liquidity and traders play safe

Friday, May 25th, 2012

Mike Paterson’s daily Forex brief

Yesterday saw the Euro and stock markets show some form of recovery on the news/rumour that the central banks were going to add liquidity in a co-ordinated fashion as they've done before in this crisis, (more…)

Markets dive again as EU summit once again produces little of note

Thursday, May 24th, 2012

Mike Paterson’s daily Forex brief

We’ve seen further falls in the Euro and stock markets as EU leaders, unsurprisingly, failed to come up with any real initiative to appease the dire situation now facing the Eurozone and related trading partners. (more…)

Euro dips again on renewed Greek exit fears, and Merkel’s not for turning ahead of EU summit

Wednesday, May 23rd, 2012

Mike Paterson’s daily Forex brief

The Euro has come under pressure again after ex Greek PM Papademos said that preparations are being made for a Greek exit from the Eurozone and the risk is real, (more…)

Prices stable as markets in no mood to second guess

Tuesday, May 22nd, 2012

Mike Paterson’s daily Forex brief

Markets have assumed a “rabbit caught in the headlights” position as traders see no reason to second-guess the Greek election fall-out on the 17th June. (more…)