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euro zone

IIF on the Wires


  • EU bank recapitalization plan has ‘serious problems’
  • EU banks would shrink rather than raise more capital
  • Euro area is at ‘significant’ risk of recession
  • Bank recap plan would hurt EU sovereign debt outlook
  • Calls on EU to support ongoing ECB bond-buying program
  • Lower ECB policy rates would help stability, growth
  • Releases letter to G-20 leaders ahead of growth summit
  • Extra EU capital requirements should be temporary
  • Banks would reduce EU private credit exposure by 5%


Bobbys Corner-Open Market-October 14.2011

Good Morning:

FX markets prepare themselves for this weekend’s G-20 meeting, and expectations are high that the Euro Zone will come up with a meaningful monetary plan to deal with the regions sovereign debt issues.

Bobbys Corner-Open Market-March.11.2011

bob-slade-forex-2-150x200Good Morning:

This morning (2:46 PM local time in Japan) an earthquake hit the island nation.  The earthquake registered 8.9 on the Richter scale.  This is the largest ever recorded in Japan, and the sixth largest on record.  It is too early to tell the exact damage and costs that the earthquake will have.  There is a tsnuami warning in the Pacific rim-including Hawaii.

Now to the markets:

Bobbys Corner-Open Market-May.26.2010

bob-slade-forex-2-150x200Good Morning:

The euro continues to trade under pressure as speculation rises that the  the Euro Zone’s debt problems will derail economic growth within the region.  The single surrency weakened as data from Germany showed consumer confidence in the Euro Zone’s largest economy fell, and consumer spending in France  saw a decline.   
Italy’s government approved 26 billion euros worth of budget cuts, as they also struggle to control their deficit.
Markets are also keeping an eye on the political tensions rising on the Korean peninsula.

Bobbys Corner-Open Market-May.14.2010

bob-slade-forex-trading-7-150x200Good Morning:

The Euro tumbled below 1.25 as investors fear that the austerity measures that are being placed on countries with sovereign debt issues will delay economic growth in the Euro Zone.  The austerity plans are very positive for the long term-but they will have a negative effect-as  domestic economies within the EZ suffer in the short term.
The GBP  also fell as speculation that the newly formed government coalition will not be strong enough to work out the countries budget deficit problems.

Bobbys Corner-Open Market-May.13.2010

bob-slade-forex-trading-6-150x200Good Morning:

The Euro continues to struggled again in overnight markets.  Speculation that Euro Zone countries may not slash their deficits fast enough after the $1 trillion bailout package was announced.  With sentiment negative on the Euro Zone in general, which will continue to add pressure to the Europe’s common currency, along with all other money market instruments, such as bonds, and bills.

World equity markets were higher accrosss the board, and US Futures are also higher this morning.

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