It appears that in the 11th hour, Europe is still unable to decide just what the proper approach to rescuing Greece is. The Sunday Times has just released information that a plan to be published by Brussels on Tuesday, titled "Urgent measures to b…
Last week was a terrible week for riskier assets. Fears in the market about Greece’s fiscal situation continued to reek havoc on European bonds, currencies, commodities and the equity markets. At one point, Greek 10 year yields moved up 5…
One of the forces that we expected to emerge in January was an unwinding of some of the trends seen in December. This force was evident in parts of the foreign exchange market. The poorest performing currency against the dollar in December was the Japa…
Greece has drawn investors’ ire, but it is in Spain today where the policy dilemma is most stark.
Today Spain reported that its unemployment rate in Q4 rose to 18.8% from 17.9% in Q3. The consensus was for a rise toward 18.5%. The unemployment rate h…
Concerns over Greece’s rising deficits escalated this week, but sentiment (not fundamentals) seems the culprit behind the volatility.[More...]
As the European Commission holds its regular monthly meeting in Brussels this week, ministers find themselves debating what to do about the Greek debt crisis — the biggest credibility test the Eurozone has faced since the single currency was created.
I am rushing this week so I won’t have time for long and analytical pieces (no doubt to the joy of many 
), but I would be remiss if I did not point out this one for my readers which highlights the predicament Greece currently finds itself in even if …
Last week’s most significant event was the halt of the Dollar’s bullish trend against the Euro. After the EUR/USD pair dropped over 900 pips, it seems that the bearish correction could be limited. The main question now is whether the Dollar will manage…