Euro Crisis

The man who would like to think that he is the most influential person in the world gave a speech last night. It seems as though no one from the financial world listened to it, but that’s not really the case. The fact is that the financial world has bigger fish to fry and whole […]

“It’s futile to call the trade before it happens. One can never know beforehand if a trade is going to be a day trade, a short term trade of days or weeks or a long term trade of weeks up to months. Every trade develops from the embryonic stage of the smallest form on the smallest […]

In the world of modern media, stories are told as headlines, with one replacing another in rapid sequence, often creating a public impression that the story is over. Reality is quite a different thing. The stories continue to unfold for weeks and months – and even years – beyond the initial headlines. The decision last […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair moved downwards by over 300 pips last week, reaching a low of 1.1459. There is a strong Bearish Confirmation Pattern in the market and price may test the support line at 1.1450, even if there would be an upwards bounce after that. […]

FXCM (NYSE:FXCM) announced late this afternoon that it had entered into a funding agreement with Leucadia National Corporation (NYSE:LUK) by which the latter would provide $300 million in cash that will bring FXCM into compliance with regulatory financial requirements. FXCM had become insolvent overnight, losing $225 million following the Swiss National Bank’s decision to un-peg […]

No one saw it coming. There was not even a hint in advance that the Swiss National Bank (SNB) was about to stab the financial world in the back. As we reported yesterday, the euro and the U.S. dollar took immediate hits. But we also expected broader and longer term fallout would follow. In the […]

The financial world is in disarray today.  It all started with an unexpected and startling press release by the Swiss National Bank (SNB) that said: “The Swiss National Bank (SNB) is discontinuing the minimum exchange rate of CHF 1.20 per euro. At the same time, it is lowering the interest rate on sight deposit account balances that exceed […]

What is QE? Quantitative easing helped increase the flow of money supply into the equities markets by providing large financial institutions with capital in an effort to promote lending and liquidity, thus increasing a confidence level within the financial markets. Quantitative easing is generally applied when short-term interest rates are at or fast approaching zero. […]

Mike van Dulken, Head of Research at Accendo Markets, commented to clients this morning; We’re getting another batch of positive noises from Washington regarding a deal to re-open government, sort out a short-term budget and delay the debt ceiling. For once, at least it is early in the week, rather than a tease into the […]

Pound Sterling The Pound began the week softer against the Euro after Angela Merkel won a landslide victory in the German elections. The result was seen as a positive for stability in Europe and sent the Euro slightly higher against Sterling. Disappointing economic data releases for the UK and negative comments from a Bank of […]