Post Tagged with: "greek crisis"
EUR/USD Feb 8 – Bouncing from High Resistance on Slow Greek Progress
Euro dollar bounced off high resistance after the break higher yesterday. Political leaders in Greece made significant steps forward, and also the ECB may be willing to indirectly accept losses on Greek bonds, lowering the debt load on the Hellenic Republic. It seems that Germany counters this concession with a new idea to postpone the lion’s
EUR/USD Outlook November 14-18
Euro/dollar sank together with Berlusconi, but managed to recover some of its losses. Where is it headed now? GDP figures are the highlights of the upcoming week. Here is an outlook for the market moving events, and an updated technical analysis for EUR/USD. Italian yields crossed the “bailout barrier” of 7% and this alarmed the markets.
European Citizens Losing Control Case 1: Greece
Democracy is at the heart of European values. Citizens can certainly oust governments in elections. But do they have real alternatives? And who is really calling the shots? Recent events have shown how citizens have lost control over their countries’ fates. This article discusses Greece. A look into events in Spain, Italy and perhaps other
EUR/USD Nov. 9 – Falls as Italian Yields Aim for 7%
Euro dollar is falling in range after the relief from Berlusconi’s tentative departure faded away. Market pressure continues, with LCH Clearnet SA raising margins. Will the ECB enhance its bond buying program to stabilize Italy? Bernanke will speak later on today, but the focus is still on Rome. Here’s a quick update on technicals, fundamentals and
Papandreou Cornered By Opposition – Elections Getting Closer?
After winning a vote of confidence in the early hours of Saturday morning, Greece’s Prime Minister George Papandreou went to meet the president of the Republic, Karolos Papoulias and spoke about a new coalition government in order to secure a second bailout. The main opposition party, New Democracy, doesn’t want a unity government led by Papandreou
Papandreou’s Brilliant Political Maneuver
This seems like a brilliant political maneuver by the Greek Prime Minister Papandreou: the announcement of a referendum shuffled all the cards in Greece, and Papandreou may not only avoid quitting, but also emerge as the winner. This is the chain of events and a possible outcome: Papandreou was under pressure from the people, the
EUR/USD Oct. 10 – Riding on Bank Promises, Greek Hopes
Euro dollar starts the week on a high note, enjoying hopes that Greece will receive aid and that Merkel and Sarkozy are finally tackling the crisis seriously. In addition, economic indicators from Europe all exceeded expectations for a change. The action is expected to calm down later on, as North American markets are closed today. Here’s
Trichet’s Final Cut? ECB Preview
Jean-Claude will make his final rate decision after 8 years as the president of the ECB, and he may be forced to reverse recent policy and cut the rates. The decision is only a warm up before the bigger show – the press conference, and this time it is of higher importance, given the extraordinary
How will this Greek tragedy come to an end?
With key European officials in crucial talks with the Greek government at the start of this week, the next round of Greek bailout funding is firmly in focus. The Greek situation has prompted some serious discontent from European voters, and this was perfectly expressed in Germany where Angela Merkel is beginning to feel the heat.
EUR/USD Dips Into 6 Month Lows as Greece Faces Payment Freeze
EUR/USD dipped into low waters, at levels last seen on March 11th. It temporarily breached the swing low of 1.3838 seen in mid June. Trichet’s soft tone yesterday and increasing worries about Greece are the main reasons for this slide. A failure in a Greek auction increased the prospects of a freeze in payments in