Li Keqiang, the Vice President of China, wrote an article in Spain’s largest newspaper, El Pais, and pledged to buy Spanish public debt. This may well help the lower the yields, and allow cheaper refinancing for Spain throughout 2011. Spain has a lot of money to rollover / pay back, especially at the beginning of … “Spain – China Will Buy Bonds?”
Month: January 2011
Dollar Outlook For 2011
Guest post by NewstraderFX With the Federal Reserve still committed to adding liquidity by purchasing another $800 billion of Treasuries through June, and an economy which is likely to grow between 3% and 4%, we can still look for the dollar to weaken against currencies like the euro, pound and Australian dollar as stocks continue to … “Dollar Outlook For 2011”
AUD/USD Uptrend Continuation-Elliott Wave
Aud/Usd is trading nicely higher, already since start of December 2010 when pair bounced from the 0.9828 support where a corrective wave 2) has finished. With this being said, on a 4h chart pair should now be trading in a red wave 3), sub-wave of a blue wave (5) from a daily chart, which will … “AUD/USD Uptrend Continuation-Elliott Wave”
EUR/USD 2011 Forecast
After a roller coaster year for Euro/Dollar, 2011 promises to be no less dramatic. The main factors moving the currencies are far from being resolved, and the actions that policymakers and market makers will take are unknown. Full year predictions in forex are from being an exact science, but there’s a general direction. 2010 – … “EUR/USD 2011 Forecast”
Portugal Bailout To Be The Last?
France will start a busy week and a busy year of selling debt – it aims to raise 8.5 billion euros on Monday. Also Germany, Belgium and the Netherlands will raise money, but the focus will be on Portugal, which will go for a modest 0.5 billion euros on Wednesday. Portugal is marked as the … “Portugal Bailout To Be The Last?”
Private Payrolls Gains Tripled in December – Bloomberg
According to a Bloomberg survey of 61 economists, Non-Farm Payrolls are expected to show a gain of 140,000 jobs, made by the private sector, that is predicted to have created 155,000 jobs, more than triple the 50,000 reported in November. I believe that the headline figure will be higher, more towards the high end of … “Private Payrolls Gains Tripled in December – Bloomberg”
Credit Crunch 2 Coming in 2011?
The European debt issues are known, and it’s also known that the Spanish government and the Spanish banks have a lot of debt to pay back at the beginning of the year, but the magnitude now seems bigger than earlier. According to the Telegraph, banks must refinance (pay back, or rollover) 400 billion euros, European … “Credit Crunch 2 Coming in 2011?”