Nowotny says Portugal to be the last to need aid… They had better hope so… Spain came into the financial crisis in better than average fiscal shape so they have been better able to handle the banking crisis than some … Continue reading
German trade data, UK PPI, US wholesale inventories…Not much to stir animal spirits. EU central bankers and finance ministers meet in Budapest tomorrow, so the wires will be moving, if nothing else. We should hear from the participants in the … Continue reading
Can you imagine the screaming if a Republican administration went to war in a Muslim country so that the rebels could sell oil to China? Oil, by the way, just broke $110…
Economists expect the ECB to hike again in July, and once in Q4. They will end the year at 1.75%, according to the poll. EUR/USD is edging back up as the midday flurry of risk aversion abates. USD/JPY bounced to … Continue reading
USD/JPY has rebounded to 85.00 after running stops in the 84.70/75 area. Offers were scarce below 84.75, a source at a US bank relays. Offers are seen now on rebounds in the 85.00/10 area. Stops in AUD/USD were triggered below … Continue reading
Still work to be done on Fed’s exit strategy Mortgage-backed securities should be first one’s sold Risks of inflation have increased
AUD/USD has been in profit0taking mode since the options cut at 14:00 GMT. It trades as though someone pushed it up to trigger a digital option (pays out if above a certain level at expiry) and now we are falling … Continue reading
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