Hi everyone! Week opened with a touch of optimism, as if the failure of Papandreou was something to cheer about. In the meantime, data of the euro zone come out worse than expected, with confidence down, as well as retail sales and industrial production. Not a minor data that shows a slowdown in consumption and so, in economic recovery.
And while Greece woes seems endless, Italy is now adding to the euro bearish case, as rumors of a Berlusconi resignation (lately denied) hit…Continue
Added by Valeria B Bednarik on November 7, 2011 at 2:35pm — No Comments
Good morning to a new day in forex paradise!
Optimism is up this morning, with dollar losing ground since early European morning, despite Italian 10-Year Bond Yield rose to a new record in the euro era, at 6.399%, and that Greece won’t be able to pay wages for state workers and pensions next month without a planned injection of £8 billion of EU cash. The aid has been suspended by the EU and IMF until the referendum planned for Dec 4th is done.
I was expecting market…Continue
Added by Valeria B Bednarik on November 3, 2011 at 11:30am — No Comments
Tuesday is all about risk, as Greek Prime Minister George Papandreou called a referendum and a parliamentary confidence vote, risking pushing the country into default if rejected by voters. I swear, he does it on purpose! Really, what can be on a man's mind taking such decission in current situation? I´m really starting to suspect Greece wants dracma back.
Jokes a side, the greenback soars across the board on US Treasuries demand, and stocks are pointing for a selloff session in the…Continue