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Forex Technical & Market Analysis FXCC Jan 29 2013

MARKET OVERVIEW

Eurozone periphery nations recover up to €100bn in private funds – FT

On its front cover, the Financial Times highlights the growing capital flocking back to Eurozone’s peripheral countries, with the sum amounting over €100bn of private funds since late last year. From the FT: “The scale of the net inflows, equivalent to about 9% of the economic output of Spain, Italy, Portugal, Ireland ...

Forex Technical & Market Analysis FXCC Jan 28 2013

MARKET OVERVIEW

Euro rallies on LTRO payback

The European Central Bank announced on Friday that 278 Eurozone banks would repay 137.2 billion euro borrowed in December 2011 under the 3-year Long Term Repo Operation (LTRO). The first early paybacks would take place on January 30. This is a larger amount of early repayments than the market consensus of 100 billion euros and approximately 30% of the December ...

Forex Technical & Market Analysis FXCC Jan 25 2013

The Euro is here to stay; momentum is for higher Euro and lower Yen

The emblematic investor George Soros, speaking at the World Economic Forum in Davo (Switzerland) told the audience that "the euro is now here to stay," according to Bloomberg. Soros was one of the main detractor of the shared-currency back in June last year, when structural problems in Europe were escalating, peripheral yields were going ...

Forex Technical & Market Analysis FXCC Jan 24 2013

MARKET OVERVIEW

2013-01-24 05:50 GMT

BoE Minutes: MPC voted unanimously to keep the interest rate at 0.5%

BoE Minutes from the MPC monetary policy meeting held on 9 and 10 January and released yesterdday reveal that the Committee voted unanimously in favor of keeping the interest rate at 0.5%. As far as the proposition to maintain the stock of asset purchases at £375 billion is concerned, ...

Forex Technical & Market Analysis FXCC Jan 23 2013

Eurogroup approves Robin Hood tax

Eleven Eurozone countries (Germany, Italy, France, Spain, Austria, Portugal, Belgium, Estonia, Greece, Slovakia and Slovenia) have been authorized to start working on a financial transactions tax (the so-called Robin Hood tax). Eurozone finance ministers have given the green light to the measure today, during the Eurogroup meeting held in Brussels. The tax is based on an idea put ...