Entries Categorized as 'BNP'

In the Financial Papers: Today’s Top Forex News 082907

Date August 29, 2007

Here is the “In the Financial Papers Radio Broadcast” (Length: 10:40 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy

 
Podcast Covers:
- Bernanke and the upcoming Jackson Hole Symposium

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Daily Forex Commentary March 11, 2010

(Oxbury Publishing, 3/11/10)

Daily Forex Commentary March 10, 2010

(Oxbury Publishing, 3/10/10)

Yield Curve Predictors [...]

BNP Freeze Causes Carry Trades to Plunge and Central Banks to React in Liquidity Squeeze

Date August 9, 2007

This is my full analysis of this morning situation for DailyFX (Link to article)
There is no denying the fact that the subprime problems have now gone global. This morning, France’s largest bank, BNP Paribas SA announced that they were freezing withdrawals from three of their investments funds following the “complete evaporation of liquidity.” [...]

BNP Paribas Freezes Funds Due to Subprime Losses

Date August 9, 2007

What is roiling the market’s today?
**Subprime Problems go global >> Credit Crisis?
*Carry trades down sharply
*Euro down sharply
*US Equity futures signal lower open
*ECB ADDS LIQUIDITY
*FED ADDS $12 BILLION IN TEMPORARY RESERVES WITH 14-DAY REPOS
Why?
BNP Paribas freezed funds worth a total of 2bn euros (£1.35bn) due to losses in subprime
Read about on BBC and [...]