The big story in the financial markets today is the mammoth EU/IMF rescue plan. A lot has been written about the plan on many sites including our own. Given that the plan which in many ways is just as significant as the TARP will be the focus of the financial markets for weeks to [...]

Posted in eur/usd, forex blog, greece bailout contagion 2 Comments »

So My Favorite EUR/GBP Setup was a complete dud - but you win some and you lose some .
Here are some recent sound bites from articles that I have written on Non-farm Payrolls, Greece and Beyond
If Non-Farm Payrolls Was Strong, Why Did the Unemployment Rate Rise?
We saw an erratic reaction in the forex [...]

Posted in Canadian Dollar, euro, forex blog, greece bailout contagion, non-farm payrolls 16 Comments »

The euro blew through its prior support level of 1.2960 easily as contagion fears grow. Bailouts don’t prevent contagions and that is what investors are deeply afraid of.
Moody’s has put Portugal on review for downgrade sparking fears that there will now be TWO countries poised for same downward spiral as Greece. [...]

Posted in 2009 eurusd forecasts, euro, forex blog, greece bailout contagion, greece credit default swaps 4 Comments »

The euro is getting pummeled on speculation that rating agencies could downgrade Spanish debt. The NYTimes published an article criticizing the slow pace of the country’s reforms which has in turn fueled rumors about a possible request for a bailout.
The market is obsessed with contagion fears and unfortunately, bailouts don’t always prevent [...]

Posted in euro, greece bailout contagion 9 Comments »