major hedge fund selling US dollars on the idea that the Fed will announce quantitative easing at the Wednesday FOMC
Foreign Exchange - Pounds Sterling and Euro Exchange Rate OutlookWhat’s Happening This Morning: Initially the lack of consensus at G20 was dollar...
Foreign exchange traders buying euros have created breakout to the upside is the real deal and it can extend to 1.3300
Foreign Exchange - Currency OutlookHope springs eternal in the human heart. Stocks are rising everywhere--maybe the crisis is over. Such a view accepts...
Sorry all - my highlight tool refuses to work.
If this story proves to be true the ripple affects could be massive as it could lead to aig going bang and bring the rest of the fiancial system with it
JAY SHAYLOR, LAUREN PEARLE and TINA BABAROVIC
Ground zero for AIG's...
UK government will increase its stake in Lloyds Banking Group, Britain's biggest mortgage lender, to around 75% in return for insuring GBP 260 bln of toxic assets. The loans Lloyds acquired in the HBOS takeover last September turned out to be of much worse quality than many...
opinion by Damian George | 3 years ago | updated 3 years ago 110 views | 0 recommendations | 0 comments
Spain's deposit insurance agency is likely to contribute between EUR500 million and EUR1 billion to the bailout of troubled savings bank Caja Castilla-La Mancha.CCM, as the unlisted savings bank is known, is in talks to be acquired by its larger peer, Unicaja. The funds...
opinion by Damian George | 3 years ago | updated 3 years ago 207 views | 27 recommendations | 0 comments
Australia seems to be the odd man out these days - the only major economy not in recession
Australian Dollar Rate OutlookAustralia Dollar seems to be the odd man out these days - the only major economy not in...
created by Damian George | 3 years ago | updated 3 years ago 245 views | 1 recommendation | 2 comments
Obama plans is what is driving the stock market downward
Foreign Exchange - Currency OutlookWe get the service sector PMI for the US today, presumably to show a similar contraction as the eurozone and at a fast...
we can't see a reason why foreign exchange traders would be buying euros before it goes lower.
Foreign Exchange - Pounds Sterling and Euro Exchange Rate OutlookThe US Dollar Exchange Rate had a good day yesterday despite equities stabilizing. The euro rate started the day...
Australian Dollar got a boost from the Reserve Bank decision not to cut rates Foreign Exchange - Pounds Sterling and Euro Exchange Rate OutlookThe US dollar exchange rate put in a big gain across the board...
Reserve Bank of Australia left rates unchanged at 3.25%
Australian Dollar Rate OutlookRBA: The Reserve Bank of Australia left rates unchanged at 3.25% Tuesday call.Comments from RBA Governor Stevens:"Demand has...
the US dollar is prettiest pig in the herd
Foreign Exchange - Currency OutlookThis week we get more data than we can possibly absorb or understand, let alone put into perspective. We get the ISM report for both manufacturing and services, personal income, NAR Home sales,...
we still have massive problems in the US that could derail the stock market and fuel greater fear - rational fear, not irrational
Foreign Exchange - Pounds Sterling and Euro Exchange Rate OutlookThe US budget deficit will be $1.75 trillion, and that the US dollar did not...
created by Damian George | 3 years ago | updated 3 years ago 93 views | 0 recommendations | 0 comments
We wonder if confidence in the UK government is coming back
Foreign Exchange - Currency OutlookThe US Dollar Exchange Rates made a solid gain yesterday against the euro and this spilled over to other currencies as well. The euro rate made an overnight high at 1.2900 but...
zombie banks Foreign Exchange - Currency OutlookBernanke speaks again today, and because he was influential yesterday, will get more attention this time despite the content of his remarks identical. Bernanke disapproves of the phrase "zombie banks" (which we think was...
created by Damian George | 3 years ago | updated 3 years ago 91 views | 0 recommendations | 0 comments
The Pound rallies again on bad news? Why?
Foreign Exchange - Pounds Sterling and Euro Exchange Rate OutlookIn the UK, the government statistics office reported that investment by manufacturing and...