Tagged: Eurozone

A word on Greece….

Markets tend not to repeat the same panic twice, and “Grexit” has been done to death over the past few years. The markets think they have now wised up to politicians, particularly European ones, as a deal always gets done in the end, doesn’t it? Even the ECB got there in the end with QE….

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Lessons from Japan

This week Blondemoney attended a presentation by a former BOJ official (Chatham House rules prevent full disclosure) and left feeling gloomy about the prospects for the Eurozone. Here’s a summary of his key points: 1. Stop talking about “Japanisation” as if Japan’s experiences were disastrous – Japan GDP per capita is average for developed economies, and…

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Corrections

At the end of last week, everyone was astonished to find that EUR/USD was about to hit its end of year targets within the first month of the year (well, perhaps except Gene Wilder). So it’s no surprise that we are seeing some profit-taking right now. The trouble is, in our new higher volatility environment, corrections can…

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The ECB Day Today 22 Jan 2015

* After the leak yesterday, ECB expected to announce EUR 50bn per month of QE, totalling EUR 1.2trn * ECB approves Emergency Liquidity Assistance to Greek banks given deposit withdrawal ahead of election * Italy’s PM Renzi says “my dream is parity” in EUR/USD [is he short like everyone else??] * Margin traders short position…

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The Day Today 20 Jan 2015

* China data better than expected – the stock market rallies from the 7% loss of the previous trading day: Q4 GDP 7.3% vs 7.2% exp Dec Retail Sales 11.9% YoY vs 11.7 exp Dec IP 7.9% vs 7.4 exp Dec Fixed Asset Invmt 15.7% vs 15.7 exp * France’s Hollande lets the cat out…

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