The British Services PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the services sector. Respondents are surveyed for their view of the economy and business conditions in the UK. 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 Trading the British Services PMI”
Category: Opinions
ECB’s Long Term Refinancing Operation Crucial for the Euro,
Guest post contributed by Elizabeth Goldman on behalf of Everest Forex The Euro zone financial crisis has been at the forefront of economic woes around the globe for over a year now. As some countries lurch toward financial recovery, the eyes of markets around the globe remain focused on the sovereign debt crisis that is crippling … “ECB’s Long Term Refinancing Operation Crucial for the Euro,”
Spain’s Economic Siesta Turns into Hibernation
The Spanish government released a new budget proposal together with economic forecasts. The economy is expected to squeeze by 1.7% this year and unemployment is expected to rise to 24.3%. These announcements come on the same day as fresh statistics show that the unemployment rate already stands at 23.3%. Spain is the euro-zone’s fourth largest … “Spain’s Economic Siesta Turns into Hibernation”
5 Hurdles that Could Make Greece Bankrupt
The Eurogroup seemed to have decided to approve the second Greek bailout once again. They even signed an agreement related to the Greek banks. Nevertheless, the bailout wasn’t approved. The “final decision” was delayed to March 9th. Nothing is final expect the upcoming Greek redemption. And time is running out. Here are 5 more things … “5 Hurdles that Could Make Greece Bankrupt”
USD/CAD: Trading the Canadian GDP Mar 2012
The Gross Domestic Product (GDP) is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the Canadian dollar. Here are all the details, and 5 possible outcomes for USD/CAD. Published on … “USD/CAD: Trading the Canadian GDP Mar 2012”
Fed Unlikely to Provide New Dollars for Spring Cleaning
Ben Bernanke made a huge effort to be dovish in his latest statement, but couldn’t ignore the improving job market. This improvement came as a surprise to him. No QE3 in the Fed’s March 13th meeting will be no surprise, and not just because of this statement: The Federal Reserve is dovish and tends to … “Fed Unlikely to Provide New Dollars for Spring Cleaning”
GBP/USD Trading the British Manufacturing PMI
The British Manufacturing PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the manufacturing sector. Respondents are surveyed for their view of the economy and business conditions in the UK. A reading which is higher than the market forecast is bullish for the pound. Here are all the details, and 5 possible outcomes … “GBP/USD Trading the British Manufacturing PMI”
Passive-Aggressive Push for a Greek Bankruptcy Continues
Greece wants to stay in the euro-zone. That’s clear. What is unclear, is whether it is fully willing and fully able to do what is requested from it. Germany’s finance minister said that he “will regret but respect any country that wants to leave the euro-zone”. This passive-aggressive statement joins a long list of events … “Passive-Aggressive Push for a Greek Bankruptcy Continues”
EUR/USD:Trading the United States GDP
The Gross Domestic Product (GDP) is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity. Thus, publication of the United States GDP may impact on EUR/USD. A reading which is better than the market forecast is bullish for the dollar. Here are all the details, … “EUR/USD:Trading the United States GDP”
Will Greece Find Enough “Volunteers” for a Haircut?
Greece isn’t offering its private bondholders too much under the “voluntary” debt restructuring. S&P already downgraded Greece’s credit rating to “Selective Default” after the Collective Action Clauses were introduced. The bond swap is a critical part of the second Greek bailout package. The tentative deadline (as any deadline around this crisis) is March 8th, when … “Will Greece Find Enough “Volunteers” for a Haircut?”