Portugal and Ireland are both under the cosh of the bailout / austerity programs. Like Greece, their chances of returning to the bond markets don’t look so good at the moment. Also Cyprus could join the club. Portugal is complying rather well and suffering quite badly. Unemployment in Portugal is forecast to rise to 15.5% … “More Bailouts for Portugal, Ireland and Cyprus?”
Category: Opinions
8 Holes in the Spanish Bailout
In an emergency conference during the weekend, the EU decided on granting Spain up to 100 billion euros for its banks. After long weeks of uncertainty, this move will definitely cheer up markets. However, looking at the details or the lack of them, shows that the gloom could return within days. Here are 8 holes … “8 Holes in the Spanish Bailout”
GBP/USD: Trading the UK Manufacturing Jun 2012
The British Manufacturing Production, a key indicator, provides analysts and traders with a snapshot of the health of the UK manufacturing sector. A reading which is higher than the market forecast is bullish for the pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Tuesday at 8:30 GMT. Indicator Background The … “GBP/USD: Trading the UK Manufacturing Jun 2012”
How Long Can Italy Hide Behind Spain?
Italy replaced Berlusconi with a technocrat prime minister: an ex Goldman Sachs banker: Mario Monti. Monti has been quite successful in following the austerity path: the Italian parliament approved many reforms. Monti also took the time to criticize Spain. The big achievement is that Italy’s yields are lower than Spain. Apart from that, the situation … “How Long Can Italy Hide Behind Spain?”
Greece: Either a Grexit or Bailout 3
The situation in Greece is deteriorating quite rapidly. An exit from the euro-zone has high chances. If not, a third bailout program including debt restructuring also for the official sector is on the cards. The second bailout program is showing more and more signs of failure, and the current situation isn’t likely to last, whatever … “Greece: Either a Grexit or Bailout 3”
USD/CAD: Trading the Canadian Ivey PMI Jun 2012
The Canadian PMI is based on a survey of purchasing managers in a wide range of sectors and geographic location. Respondents are surveyed for their view of the economy and business conditions in Canada, including employment, prices and new orders. A reading which is higher than the market forecast is bullish for the Canadian dollar. Here … “USD/CAD: Trading the Canadian Ivey PMI Jun 2012”
AUD/USD: Trading the Australian jobs Jun 2012
The Australian Employment Change indicator, released monthly, is an important leading indicator which often has a significant impact on the markets. Traders and analysts carefully examine employment figures, looking for any trends which could affect the movement of AUD/USD. A reading which is higher than the market forecast is bullish for the Australian dollar. Here are the details and 5 possible outcomes for AUD/USD. Published on … “AUD/USD: Trading the Australian jobs Jun 2012”
GBP/USD: Trading the British Construction PMI
The British Construction PMI is based on a survey of Purchasing Managers in the construction industry. The survey includes about 170 respondents, who are surveyed for their view of a wide range of business conditions, including employment, new orders, prices and inventories. A reading which is higher than the market forecast is bullish for the pound. Here … “GBP/USD: Trading the British Construction PMI”
AUD/USD: Trend-line Test; Recovery Underway
The Aussie moved lower in the past week as expected, and hit a projected Fibo ratio; 2.00 x wave (1) before reversed to the upside. AUD USD Elliott Wave Analysis – Click image to enlarge Notice that current recovery is now already testing falling EW channel resistance line, where a breakout will definitely put wave … “AUD/USD: Trend-line Test; Recovery Underway”
4 Options for Spanish Bailout
After Spain “went Irish” by taking over Bankia, and Catalonia asked for help, the road to asking for external help became a slippery slope. There are reports that the German leadership already pressured Spain to accept a bailout program, and that Madrid refused. But now, a bailout program is becoming reality as Spain is running out … “4 Options for Spanish Bailout”