Post Tagged with: "stress tests"
A year-end hiccup for Germany
Germany’s failure to sell all the bonds on offer at yesterday’s auction saw the market rife with fears that this means that even Germany is having trouble selling its debt to nervous investors. But the reasons for the poor auction were probably more varied and subtle, ranging from the fact that Bunds are just very
EU bank tests add more stress
Markets are taking a fairly dim view of the European bank stress test results, with the Asian session seeing a more defensive stance being taken towards the single currency. The fact that the headlines put Spanish and Italian banks as coming out on top has been taken with a degree of scepticism by some, on
Only 8 Failures – Is this Serious? EUR/USD Hardly Moves
Only 8 out of around 90 big European banks failed the stress tests. Early expectations were for about 13 to 15 failures. This positive result sent EUR/USD 20 pips higher, and down once again. Stress Tests II promised to be more serious. Perhaps they were better than last year, when all Irish banks passed only
Stress Tests Are a Lose-Lose Situation for the Euro
The European Banking Authority has worked hard to provide a serious report about the state of the European banking system. But given the past, these tests have an excellent chance of hurting the euro, no matter the seriousness and no matter the actual results. The problems begin with the previous report. Most of the banks
Comeback of European Debt Problems?
A fresh report shows that many big European banks were very “creative” when it came to estimating the size of the sovereign debt that they held. This already sent the Euro way down. Will this turn into an avalanche? Is the debt crisis returning through the front door? At the beginning of May, the financial
Tests OK – Euro hesitant over the methods of the tests
At the moment, only 7 banks failed the tests, better than expected. Now the big question is about the quality of the tests. Until the methods of the tests are clarified, the Euro will continue hesitating. The number of failures is less important than the seriousness of the tests. Update: A case of a sovereign
5 Reasons Why The Stress Tests Could Hurt EUR/USD
On Friday at 16:00 GMT, the European stress tests results will be released. In the past few weeks, EUR/USD enjoyed weak American data, and also enjoyed the anticipation for the European stress tests. With the terrible European debt crisis, these results are supposed to show that the banks are stable, and to mark the end
EUR/USD Outlook – July 19-23
After the recent rally, a busy week expects Euro/Dollar traders. Apart from many important indicators, Friday’s stress tests are critical for the Euro. Here’s an outlook for the European events and an updated technical analysis for EUR/USD, now in higher ground. EUR/USD daily chart with support and resistance lines marked. Click to enlarge: The Euro
EUR/USD Ending Bullish Correction?
Euro/Dollar had another positive week, but it failed to break above the important long term resistance line. Also the short term trends show an exhaustion. Will it turn down? EUR/USD began a strong upwards move on last week’s Non-Farm Payrolls but couldn’t break the resistance line. These moves came on top of US weakness and
Forex Weekly Outlook – May 4 – 8 2009
Big week ahead in forex trading: Non-Farm Payrolls, Rate decision from Europe, Britain and Australia and employment figures from all over the globe promise an exciting week. Also note the Stress Test results. Let’s dive into the main events for this week: Monday, May 4th: Both British and Japanese banks are on holiday, so trading