What matters today (Asia edition)
Developed macro 1. ECB meeting on Thursday is the obvious focal point of another eventful week in the Eurozone. Greece still in the spotlight, but no decision expected at today’s Eurogroup...
View ArticleGreece: Government to submit fiscal plan today following ongoing discussions...
Reports by local and international media (Ekathimerini, FT, Bloomberg) indicate that the Greek government has agreed on fiscal measures, including the 2012 budget, which will be submitted to a...
View ArticleMerkel and Sarkozy call for ‘durable’ solution for Greece, but fail to agree...
There is growing evidence that the deal for Greece reached in July is unravelling. On Sunday, German Finance Minister Wolfgang Schaeuble told Frankfurter Allgemeine Sonntagszeitung that euro...
View ArticleBehavioral Finance: Daily Forex Outlook: Eurozone crisis gets an expiry date
EUR/USD (1.3455) Heartened by better-than-expected US employment data, traders pushed the euro to a short-lived spike on Friday. But the realisation soon settled in that moderate US employment gains...
View ArticleFX DAILY STRATEGIST: US – 17 Oct 2011
Eurozone optimism to be tested ahead of Sunday EU Summit The risk rally from last week continued into the Asian session with the G20 weekend meeting promoting expectations of a concrete plans to be...
View ArticleBehavioral Finance: Daily Forex Outlook: Contrasting views on the eurozone
EUR/USD (1.3825) The Italian PM Berlusconi has agreed to resign as soon as the Parliament passes the austerity measures pledged to the EU. It seems that transitional technocratic government is coming...
View ArticleBehavioral Finance: Daily Forex Outlook: Will US be another headwind for...
EUR/USD (1.3760) The formation of technocratic governments in Italy and Greece, and the improved prospect of the financial stability law being passed in Italy have more or less given the impression to...
View ArticleGreece fresh austerity in 2012
Greece’s international auditors have told the government it must adopt a further EUR2 billion in fresh austerity measures early next year, a local newspaper reports, amid signs that the country will...
View ArticleGreece talks
Talks between Greece and its private creditors over a planned debt exchange program have advanced, a local newspaper reports Monday, after the two sides reached a deal to apply U.K. law to new bonds...
View ArticleEurope Week Summary
This year began with worries about Europe’s banks — and it is ending on a similar note. On Wednesday, the European Central Bank extended more than 489 billion euros ($636 billion) in low-interest loans...
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