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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 countryís benchmark 10-year bond rose to 4.79%. Throughout the day various European officials have been expressing their concerns with the
Forex Technical & Market Analysis FXCC Feb 26 2013
Italians lead the country to ungovernability
Italians are leading the country to the ungovernability, and after a neck-to-neck battle to take control over the lower house between the center-left Bersaniís party and Mr. Grilloís five star movement, with the first claiming a marginal victory, the big problem now lies in the advance from the center-right Berlusconiís group and Mr- Grillo in the Senate, where there is no majority
Forex Technical & Market Analysis FXCC Feb 25 2013
Italy at the crossroads ahead of weekend elections
On 24 and 25 February Italy heads to the polls to vote in the general election, called two months before of the end of the statutory five-year term. The outcome is rather uncertain as many voters remain undecided as to who to choose. Before the opinion polls blackout on 8 February, surveys showed that the center-left party had the most support.
Forex Technical & Market Analysis FXCC Feb 22 2013
Social unrest against austerity measures rises in Europe
Greece and Bulgaria are in the main focus on Wednesday as dissatisfaction with the tough austerity measures pushed the people in both countries to protest in the streets.S&P warned that Cyprus might be downgraded to CCC+ and finally default. BoE Minutes revealed that Governor Mervyn King was outvoted on QE extension. Angela Merkel and Mariano Rajoy were
Forex Technical & Market Analysis FXCC Feb 21 2013
FOMC Minutes: Some Fed officials consider eventual QE pullback
Minutes of the Fedís January policy meeting showed several officials think the bank should be prepared to vary the pace of its asset purchases, depending on how the economy performs and its analysis of the costs and benefits of the program. As shown by the minutes, officials worried that the Fed ultra-loose policy could lead to instability in financial markets.