Posts Tagged ‘government’

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Euro: ‘Buying Time’ May Not Work This Time as Crisis Intensifies

Euro: ‘Buying Time’ May Not Work This Time as Crisis Intensifies Fundamental Forecast for the Euro: Bearish There are many comparisons being made to current Euro-region market conditions and those back in the second quarter of 2010 when trouble just started brewing for Greece. However, it is perhaps better to draw the connections to the situation now and that of the second half of 2008.

Published by on May 19th, 2012 at 01:05 am
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Aussie and Euro Hit Fresh Lows but Rebound Ahead of Fed Minutes

Fundamental Headlines – Greek President Told Banks Anxious as Deposits Pulled – Bloomberg – Merkel-Hollande Meeting Yields Greece Growth Signal – Bloomberg – BoE Cites Increased Risk of Disorderly Euro Outcome – DailyFX – Hedge or Bet? Parsing the JPMorgan Trade – WSJ – Mortgage Delinquencies Decline – WSJ European Session Summary After Greek leaders announced that they failed to form a government, guaranteeing at least one more round of elections, higher yielding currencies and risk-correlated assets entered a free fall. The EURUSD fell to its lowest level since January 17 overnight while the AUDUSD dropped to its lowest level since December 15.

Published by on May 16th, 2012 at 09:05 am

STOCKS NEWS SINGAPORE-Property shares fall on policy concerns

Tue May 15, 2012 10:58pm EDT Shares in Singapore developers such as CapitaLand Ltd fell after persistently strong property data added to worries that the government may introduce more measures to cool the housing market. CapitaLand, Southeast Asia’s largest property developer, lost as much as 2.2 percent at S$2.63, while smaller rival City Developments dropped 2.1 percent to S$10.04

Published by on May 15th, 2012 at 08:05 pm

Euro Set to Test Key Support; Looking to Buy into Dip

Greek lawmakers fail to form coalition government China announces additional cut to RRR Monday’s economic calendar is light; broader themes in play Eurozone industrial production weaker than expected Aussie below parity but supported on solid data and RBA comments Failure for Greek lawmakers to form a coalition over the weekend leaves the markets in a risk off trade, and the Euro is looking to make fresh declines down towards next key support by 1.2800.

Published by on May 14th, 2012 at 04:05 am

DealBook: As Volcker Rule Nears, Banks Tread Fine Line on Proprietary Trading

When JPMorgan Chase revealed its $2 billion loss last week, it looked as though the big Wall Street banks were up to their old tricks, using their government-backed funds to make risky trades in a misguided effort to improve their profits. But even banks that focus mainly on good, old-fashioned lending do their fair share of high-stakes trading. While few other banks, if any, pursue the complex strategies that led to JPMorgan’s losses, many traditional lenders regularly buy and sell securities, and make bets with derivatives , as part of their core operations

Published by on May 13th, 2012 at 08:05 pm
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