The first week of some people’s summer vacations was quite crazy in the market: it included two interventions by central banks, quite a few important rate decisions (with Trichet starring again) and of course, the Non-Farm Payrolls. Well, now the markets are closed, and it’s time to lean back and enjoy some long term reads. Here are my picks. Enjoy!
While most politicians in Washington are on vacation, some European leaders had to cancel their own, to attend to the debt crisis. Italy’s Berlusconi tried to calm the markets in a speech before the parliament, and Spain’s Zapatero had to rush back to Madrid as the bond vigilantes continued dumping bonds, worsening the European debt crisis.
The debt ceiling crisis is over and already forgotten by many, but the circus around the deal and its details will continue influencing the markets. We start with some interesting thoughts, and move on to other stuff:
- Nick Nasad breaks down the debt deal, and what it means for the US dollar.
- Mike Kulej has quite a few doubts that this deal will provide hope for the US economy.
- Larry Greenberg titles his analysis about the deal: “Another Deal Older and Deeper in Debt” – that says it all.
- Jay Norris states that the US slowdown will last 4 to 6 years (a very long time), and analyzes how markets will move.
- James Wooley lists 10 home truths about forex trading.
- Francesc Riverola asks if high-frequency trading is behind the surge in British forex volume. Check out the interesting discussion in the comments section.
- Michael Greenberg analyzes the boom in Australia- not the Aussie this time, but the forex industry.
- Andriy Moraru has an interesting poll about the currency in which your account is. Here, the dollar is still strong.
- Do we listen to the ratings agencies? – An analysis of the rating agencies’ impact on currencies.
- Can Jean-Claude Trichet Turn Into Jean-Claude Van Damme? – About how the ECB can save the day for the euro debt crisis.
- Forex Crunch Key Metrics July 2011 – The site’s numbers in July, which were quite nice.