Euro Impressive Against Dollar
Seven weeks ago, the euro was staggering. After creating a $100 billion safety fund, the euro zone has implemented a series of austerity cuts while countries that seemed pitted against each other have...
View ArticleGood News From China And Spain
Equity and currency markets reacted swiftly to a solid bond auction in Spain and to the Central Bank of China’s aggressive pro-growth actions. China’s moves to reverse faltering growth included a...
View ArticleGreat Britain Not Waiting
Faced with a deepening recession and ever increasing unemployment, Great Britain is not waiting for the euro crisis and elections in Greece to deploy anti-recession tools. Referring to the euro zone...
View ArticleBoE, ECB and The People’s Bank Act
In response to data suggesting a global slowdown, the Bank of England, the People’s Bank of China and the European Central Bank made conventional moves to attempt to breathe life into staggering...
View ArticleMoody’s, Policy Shortfalls Sink Sterling
Moody’s fired a salvo across the bow of the British pound on Friday. The glaring policy inadequacies of the Cameron government started showing up in investor’s minds immediately. Given the sizable and...
View ArticlePositive PMI Report May Hold UK Recession Off
Taking a page from the US consumer, British consumers bucked current economic data and produced some unexpected PMI gains for February. The services sector, which constitutes three-fourths of UK GDP,...
View ArticleOsborne Calls For Bolder BoE
Finance minister George Osborne stated his case for more aggressive and innovative Bank of England initiatives to help the country climb out of the economic rut that has led to a credit downgrade and...
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Strong British Economic Data Raises GBP
Buoyed by better than expected economic data and a functional government committed to creative initiatives and responsible policy, the United Kingdom has said goodbye to years of recession and has...
View ArticleDollar Gains After Financial Shares Lag
In a volatile day for currency markets, the USD made headway against the euro, yen, GBP, Aussie dollar and Loonie. Helped by more positive economic data, the dollar rebounded during the day after...
View ArticleMarkets Blame Weather
As New York and the rest of the northeast prepared for another wintry assault, markets appreciated the strain on the economy and seemed sympathetic to soft data from the employment and consumer...
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