alayoua

Forex Technical & Market Analysis FXCC Mar 05 2013

Cyprus rescue deal nears

Cyprus is well on track to be bailed out by the Euro-zone, after the bloc's finance ministers made a determined pledge this Monday to extend the much-needed final assistance to the cash-strapped country. The decision should be made official by the end of March, with details on how it will be rescued still unknown. The Eurogroup welcomed the new Cypriot Finance Minister, Michalis Sarris, ...

Forex Technical & Market Analysis FXCC Mar 04 2013

BoJ Kuroda will do whatever it takes to end deflation

The confirmation hearing for Mr. Kuroda as the new chief of the BOJ is taking place in the parliament, and the first comments are crossing the wires. Among the standout headlines, he said that monetary policy will be deployed to conquer deflation, adding that BOJ has not bought enough assets to end deflation, also saying that the BOJ independence is secured by ...

Forex Technical & Market Analysis FXCC Mar 01 2013

It's official, the US sequestration kicks in

The sequestration, for those unfamiliar with the term, is defined by the US Federal Budget as "the practice of using mandatory spending cuts in the federal budget if the cost of running the government exceeds either an arbitrary amount or the the gross revenue it brings during the fiscal year." These automatic federal budget cuts are officially kicking in within ...

Forex Technical & Market Analysis FXCC Feb 28 2013

Moody’s: Euro zone debt markets vulnerable to further shocks
Moody’s rating agency continues to warn Euro area countries that debt markets in the region remain vulnerable to further shocks to investor confidence. Find below the main quotes from the official communique: “Market volatility in recent days proves that the euro area sovereign debt markets remain vulnerable to further shocks to investor confidence because of ...

Forex Technical & Market Analysis FXCC Feb 27 2013

Europe concerned with Italian election outcome
The post election stalemate in Italy, where no political group secured a clear majority in parliament, is causing concerns among European officials and a stir in the markets. Italian FTSE MIB fell by 4.60% on Tuesday while the yield on the country’s benchmark 10-year bond rose to 4.79%. Throughout the day various European officials have been expressing their concerns with the ...