The EUR 3.7 bln SNS Reaal rescue will add to the state deficit this year, Dijsselbloem says. The forecast for 2013 is a 3.3% of GDP gap.
Recent Articles by Jamie Coleman
We’re getting a bout of profit-taking with all the recent winners finally coming under some pressure. all the components of the recent trends are seeing some unwinding. EUR/USD is lower, USD/JPY and EUR/JPY lower while AUD/USD is higher as EUR/AUD … Continue reading
We could have improvement in the employment situation and a rise in the unemployment rate at the same time. Why? Because discouraged workers who quit looking for work restart the job hunt, which raises the participation rate. The higher the … Continue reading
Payrolls were almost spot on expectations though there were large upward revisions to November and December. USD/JPY is showing the most reaction, presumably reacting to the uptick in the unemployment rate to 7.9% which leaves the Fed on cruise control, … Continue reading
It’s almost getting boring… EUR/USD continues its climb and so do the crosses, particularly EUR/AUD, which we’ve flagged for a week. Not much in the way of resistance in EUR/USD for another 200-pips. Good bids in EUR/USD are seen now … Continue reading
A week ago I warned of a major breakout in EUR/USD, USD/JPY and EUR/JPY and warned you not to fade (sell into) the strength. A week later we are nearly 300 pips higher in EUR/USD, 125 pips in USD/JPY and … Continue reading
Holding above 1.3560, just like yesterday. It’s a consolidation and it portends further upside ahead of the weekend. I’m not sure even payrolls can knock this bull off stride. The market has virtually ignored all the data in recent days, … Continue reading