Tag Archives: Euro zone

Greece is (still) the word.

Are you ready for the sequel? Yes, even if it feels somewhat surreal, the EU does indeed appear to be verging on throwing more bad money in the direction of Greece, after having last year thrown reasonably good money in … Continue reading

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#Euro Flash-Panic Morning Redux

Euro tumbled out of Asia into domestic markets amid feverish talk that Greece was verging on a snap election after the opposition there voted against latest austerity plans. Stabilization came around 1.40132 with reports of demand near 1.4025 – sovereign … Continue reading

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Euro survives Greece’s small incendiary, but issue smolders on

The euro is reflecting the small, well-timed, incendiary device Greek officials lobbed into proceedings towards the close of play on Friday. As we know, it started late Friday with Der Spiegel’s report that Greece was threatening to leave the euro … Continue reading

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Timecheck On the #USD party coming up With the reinvigorated ‘risk rally’ remaining dependent on the perennially weak dollar and with the ‘virtuous’ circle of Federal Reserve ease keeping the greenback underwater and hence fuelling the risk rally [see what … Continue reading

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A Lesson From The Euro Zone In ‘Getting Away’ (With It)

I’m not a great fan of City of London colloquialisms, but one term is sticking in my mind today.It’s how traders and analysts etc. around here, informally refer to the success of a corporation or a state, in bond offerings.[Some … Continue reading

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Portugal Passes Market Test At A High Price

No doubt, Portugal trumped the market with its much anticipated bond auction Wednesday. Those parts of the market which doubted its ability to do that, need to accept the reality of the state’s successful sale. Even so, does anyone believe … Continue reading

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Where Next For The Euro? Wednesday Might Yield The Answer

Those watching keenly will know it’s less than 24 hours before the next important point in the euro sovereign debt crisis. For a quick recap: Portugal will on Wednesday auction a mixture of 3.60% bonds expiring October 2014 and 4.80% … Continue reading

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Backing Off The Forward As Portugal Nears The Edge

Some of you will remember me mentioning the boast of a contact of mine, about the mouth-watering gains they were seeing in an obscure little EUR/USD position entered on 21st November last year. You might recall that 21st November was … Continue reading

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