Post Tagged with: "Angela Merkel"
EUR/USD Falls Off Resistance As Eurobonds Are Off the Agenda
German chancellor Angela Merkel and French president Nicolas Sarkozy concluded their summit in Paris with many ideas, but they strictly rejected the idea of eurobonds – a solution that many hoped for. EUR/USD challenged resistance before the summit and is now falling back. What did the leaders announce? The idea of a euro-area of government
Will Merkel and Sarkozy Boost the Euro?
German chancellor Angela Merkel and French president Nicolas Sarkozy are meeting to discuss the situation in Greece and might come to some compromise regarding the participation of the private sector. The euro is currently rising on hope for some kind of solution. A positive statement can boost the euro and provide a better ending after
We Have A Volunteer For Greek Losses
Trichet resists any involuntary private sector participation in a Greek bailout? Well, German banks are showing some involuntary signs of volunteering to participate, as pressure for Greek restructuring continues to mount over the weekend, from many directions. This may weigh on the euro at the beginning of the week. Updates. Early preparations Merkel began preparing
EU Already Preparing Greek Restructuring
ECB members can deny and warn against the consequences of a Greek default, but the wheels are already in motion. There are signs that the European Union is working quietly but rapidly on a restructuring plan for the debt hit country. Will this week be a turning point for the Euro? Lars Feld, the senior
Merkel Preparing for Greek Default
The Greek default is getting closer. German chancellor Angela Merkel is beginning to prepare the public for a default in Greece, as multiple issues mount on the debt laden country. Here are 5 developments that signal the upcoming default As the market is fully geared after the holiday, there are many fresh signs that a
Forex Daily Outlook – September 30th 2009
A very busy day expects forex traders today. In the US, the ADP Non-Farm Payrolls and GDP stand out. There are very important figures from all parts of the world. Let’s see what’s on the menu today: Australian Building Approvals disappointed and fell by 0.1% instead of rising. Also last month’s figure was revised downwards.
German Elections and the Euro
General elections are held in Germany on Sunday, September 27th. Learning from the past, EUR/USD may move strongly at the beginning of the week, and even start with a weekend gap. Germany’s general elections are held on Sunday, September 27th. The main contestants are the incumbent chancellor Angela Merkel of the center-right CDU party, and
Forex Daily Outlook – September 1st 2009
A very busy day expects forex traders. The Australian rate decision, American ISM Manufacturing PMI and Pending Home Sales, British Manufacturing PMI, European Unemployment Rate and many more economic indicators are due today. Let’s see what’s up. Apart from the Japanese Yen that strengthened on the elections results, most currencies didn’t make big moves yesterday. Will the markets take a
G20 Summit – To Spend Or Not To Spend?
The G20 summit is due on Thursday. The US and the UK tend to call for a global stimulus plan while Germany wants to slow down. Will money be spent? Who will spend? And how will the forex market move? Heads of state from the top 20 industrialized nations are getting together in London, on