Posts Tagged ‘personal finance’

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…)

G8 once again offers nothing, but puts Merkel under pressure to help further

Monday, May 21st, 2012

Mike Paterson’s daily Forex brief

Leaders of the G8 countries got together at Camp David, had a drink and a sandwich or two and then announced that the Eurozone crisis was a serious problem, (more…)

The Pound gets another reality check as Eurozone stays in focus ahead of G8 summit

Friday, May 18th, 2012

Mike Paterson’s daily Forex brief

I’ve long banged on recently about the Pound punching above its weight and yesterday, for a variety of reasons, we saw another reality check as the risk-averse sentiment prevails. (more…)

Euro undermined further as ACB’s now sell into the rallies

Thursday, May 17th, 2012

Mike Paterson’s daily Forex brief

Not only does the Eurozone have to deal with the inevitable Greek exit and the current run on the banks (now spreading already to Spain where customers have pulled €1 billion out of Bankia) (more…)

The Euro takes another hit as Greece goes back to the polling stations-UK waits on BOE inflation report

Wednesday, May 16th, 2012

Mike Paterson’s daily Forex brief

Greece yesterday failed to form a new government and so will go back to the polling stations around the 17th June. The reality this time will be a yes or no vote to Eurozone exit (more…)

Markets still wait on Greece and key US data this afternoon

Tuesday, May 15th, 2012

Mike Paterson’s daily Forex brief

While there’s plenty of uncertainty in the air there’s been little in the way of real price movement this morning. (more…)

Eurozone prepares for Greek exit and the Germans give a thumbs-down to austerity

Monday, May 14th, 2012

Mike Paterson’s daily Forex brief

It seems like the Eurozone is bracing itself for the Greeks pulling out after their failure over the week-end to put together a government and Syriza has ruled out forming a coalition (more…)

More market jitters as JP Morgan announce $2 billion credit derivatives loss

Friday, May 11th, 2012

Mike Paterson’s daily Forex brief

Markets had another case of the jitters in late NY trading when US banking giant JP Morgan announced $2 billion losses on its “synthetic” credit derivatives trading, (more…)

Money on Toast, the new financial supersite

Thursday, May 10th, 2012

Many people use different websites for different aspects of their financial affairs. This can be cumbersome but a new website has been launched that wants to give the UK online financial services a shake-up by doing everything from one site. (more…)