FX News
Looking to gain that extra insight into the FX markets? Every morning our team hunts down the latest news that will affect your currency transfer rate, so you know what to expect over the coming day/week.
Check out our blog every morning to see the latest news that will affect your currency transfer rate, so you know what to expect over the coming day/week.
10 year Spanish Bond Yields have this morning hit a Euro era high of 6.57%, this is despite evidence that the ECB was yesterday involved in the purchasing of Spanish and Italian debt. The role of the ECB within the Bond Markets was yesterday the topic of disagreement between Europe’s...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The Bank of England will today release its quarterly inflation report. The Monetary Policy Committee’s (MPC) decision in October to resume its asset purchase program suggests that the report will show inflation dropping well below 2% over the next two years.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Italy and Greece now have “technocrat” leaders in place – the word is derived from the Greek word “tekhne” meaning skill and advocates the replacement of politicians with scientists and engineers who have the technical expertise to manage the country’s economy.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The return of some semblance of stability to Europe looks to have encouraged equity markets this morning. Former European Commission Mario Monti has replaced Berlusconi and Italy’s Prime Minister and now leads an emergency government with a mandate to ensure that austerity measures are fully implemented.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Despite a more positive end to Thursday, volatility continues to remain elevated (VIX Index remains above 30).The end of the week has seen Italy and Greece, announce firm commitments to form governments led by market friendly candidates. Italian bond yields have declined although remaining worryingly high for the ECB and Italy.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The phrase ‘no news is good news’ would be an accurate way of describing the last two weeks. Yesterday, the news that Silvio Berlusconi was to resign as Prime Minister of Italy was meant to lift market sentiment – instead Italian bond yields rose to 7.5%, the Euro weakened and...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Yields on 10 year Italian bonds rose yesterday to 6.68%, a Euro era high for the country, and precariously close to the 7% which would mean that Italy needs to seek a bail out. This is despite the ECB ramping up its bond buying to €9.52 billion, during the first...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The good news is that Greek politics might now drop out of the limelight as a cross-party coalition Government is being formed in order to ensure payment of the latest tranche of EU/IMF aid. The bad news is that it is being rapidly replaced centre-stage by Italian politics, with Prime...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Investors and traders might have been flailing around yesterday trying to follow the latest twists and turns in the unfolding Greek tragedy but they can take comfort – if that’s the right word – that their Leaders at the G20 Summit in Cannes were in exactly the same position.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
George Papandreou arrived in Cannes yesterday, with a warning from the French Prime Minister ringing in his ears that Greece had to abide by the rules, or leave the Euro Zone. Mr Papandreou has also been told that the next tranche of bailout funds due on the 11th December will...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
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