Post Tagged with: "IMF"
Spanish Yields On the Rise
Yields on 10 year government bonds are on the rise again. They rose to 5.11% after falling on Friday under 5%. Spain’s bonds serve as a good gauge for investor confidence in the continent. While Portugal hasn’t been “saved” yet, the EU / IMF fund still has money to handle Portugal. Spain is already too
Euro/Dollar Jumps on Irish Deal – How Long?
The Irish deal boosts EUR/USD, as expected. But there are growing signs of deja-vu from last week – a strong start on high hopes and a fall to harsh reality soon afterwards. Update on the Irish deal, Spanish risks and the Euro’ s (temporary?) weekend gap. As expected, the publication of the bailout package before
Irish IMF/EU Agreement Reached – Euro to Have a Good Start?
An 85 billion euro aid package deal has been reached between the EU / IMF delegation and the Irish government. All the Euro-zone’s finance ministers are now in Brussels, waiting to see the terms and to approve them, especially the interest rate at which Ireland will borrow. This should give a temporary boost to EUR/USD.
EUR/USD Risk Events During the Weekend
The Irish people finally got out and protested about what’s going on in their country while the EU / IMF convoy is trying to close the terms on the bailout program before the markets open. In another debt-laden country, Spain, there are regional elections in Catalonia. Both events and tensions in Korea will impact EUR/USD
EUR/USD Expected To Jump On Irish Bailout Request
EUR/USD could have a good start to the week, perhaps with a weekend gap, as the Irish cabinet made a decision to officially ask for aid from the EU and the IMF. The size of the aid package is expected to be lower than 100-120 billion euros that was expected. This will impact other currencies
Ireland Under Internal and External Pressure
The Irish cabinet meets today to discuss the 4 year, 15 billion euro cut in expenses, in order to show that the government is active and serious about cuts, before such plans are imposed by foreigners. After they sign it off today, it will be published on Tuesday. The IMF / EU delegation is “sitting”
Dramatic Weekend Gaps and Breakouts on Greek Bailout
The emergency announcement of a 30M euro mechanism to bail Greece out sent EUR/USD high above the close. Other currencies made significant leaps as well – some are big breakouts.Is it here to stay? We’ll know quite soon. The European finance ministers made an unusually timed teleconference on Sunday, and came out with a dramatic announcement –
Forex Daily Outlook – June 8th 2009
Canadian Hosuing Starts and German Factory Orders are the highlights of this relatively quiet day. The markets will also digest the growing possibility of a global reserve currency that will replace the dollar. Outlook for the first day of the forex trading week: John Lipsky, a senior member of the IMF, said that a global, delinked currency
New Reserve Currency Threatening the Dollar Again
John Lipsky, First Deputy Managing Director at the IMF, said that creating a new reserve currency to replace the dollar is possible, and he also elaborated how. This news, that came over the weekend, could hurt the dollar’s comeback. In a panel in Saint Petersburg, Russia, Lipsky said that such a step would be revolutionary,
8 Reasons why Non-Farm Payrolls will be Better
Some American figures have shown improvement in the past month. Also economists have expressed optimism. This should be reflected in the upcoming Non-Farm Payrolls? April’s NFP could be better than expected. The dollar will feel it. There are several economic indicators that show that the American economy is improving, or at least stabilized. Hope for America