Greek banks closed and Euro close to parity with USD

The games are as good as over yet for Greece with last minute deals being made and lenders refusing to accept anything less than payments. Mario Draghi and his ECB are not delighted by the weak Euro but they have no tools or liquidity to offer the Greeks. Germany is likewise unlikely to help the […]

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2015 Outlook on Currencies

2015 saw a bullish market on the USD rates with Janet Yellen being tipped across the range to increase interest rates in Q1. Official minutes however made a clear indication that this is not the case at least until April. The major SP500 started with losses on major downs on the commodity pricing changes with […]

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The Reserve and Central Banks that matter and the ones that don’t

For us traders having an edge is everything. We can get it from history, technical analysis, ability to read between the lines and on opportune occasions from a friend of a friend who works for a government statistics or financial institutions.

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A storm is brewing – USD a rising star for no reason

After last weeks horrendous US NFP data dwarfed the ECB decision to take interest down to .05%  – the markets are still not convinced that the US is in trouble.

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US data positive all around – Euro Zone gloomy

Europe consumer confidence has fallen to its lowest levels since April. In the US positive results produced below expected unemployment numbers and jobless claims whilst existing home sales are on the up by beating expectations by .13M. This is fuelling downward pressures on the EURUSD which haven’t let up since Mario Draghi’s negative interest rate […]

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Eurozone – recovery not on track

Mario Draghi may still have his stars in the Euro zone but with the LTRO policy, low interest rates – the desired effect is not triggering relaxed enough lending behaviour in both banking and business sector. GDP rates depicted here show a slow decline in growth. Is Draghi ready for some QE?

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