eFXnews - All

For Some German Tourists In Greece, It's Safer To Speak English Or Pretend To Be Austrian

admin — Sun, 27 May 2012 05:32:56 +0000

Quote of the day: "We've seen lots of images on TV of Greeks burning the German flag, setting fire to rubbish bins and of stones flying

Merkel's Options On Greece Are Down To A Choice Between "Plague And Cholera" - German Economist

admin — Sat, 26 May 2012 21:16:57 +0000

For German Chancellor Angela Merkel, picking a plan for solving

Canada Fin Min Flaherty: Europe Not in Full Blown Crisis Yet

admin — Fri, 25 May 2012 22:56:43 +0000

Canada Finance Minister Jim Flaherty said Friday "Europe is not in full blown crisis" as yet but urged major European countries to respond massively to the banking and

US Week Ahead: May Employment Report, GDP, ISM Manufacturing, Autos

admin — Fri, 25 May 2012 22:56:39 +0000

The week ahead will be jam-packed with market-moving data, all in the span of four days, following the long holiday-weekend in the United States. Nonfarm payrolls are forecast to

Speculative Investors' Bet On EUR's Fall Hit New Record High -CFTC

admin — Fri, 25 May 2012 22:56:34 +0000

Speculative traders on the Chicago Mercantile Exchange broke the $28 billion record high for their bet on the EUR's fall, data from the Commodity Futures Trading Commission

Barclays Doesn't See An Imminent Grexit Before The June Elections

admin — Fri, 25 May 2012 20:25:11 +0000

Barclays Capital doesn't see the possibility of an imminent Greek exit that might take place as a result of a credit event before the fresh round of the country's

EUR Will Go Into Free Falling On ECB's Near-Term Actions - UBS, Bofa, BarCap

admin — Fri, 25 May 2012 19:24:39 +0000

There is a semi-consensus among UBS, Bofa Merrill and Barclays Capital that the ECB will have no other choice but to apply further easing measures in the near term in order to give

Speculations SNB Has A €20 Billion Bid On EBS To Defend The Floor

admin — Fri, 25 May 2012 17:55:18 +0000

The market if filled with a rumor about a €20 billion bid order at CHF1.2006 on EBS. Market participants believe the SNB is

EuroView: Capital Fleeing Entire Periphery, Not Just Greece

admin — Fri, 25 May 2012 13:50:24 +0000

The start of a bank run in Greece has captured the headlines, but it may be the run by foreign investors on the entire periphery that poses the biggest challenge to the Eurozone

ECB Praet: EMU Needs Financial Union, Govts Must Restore Trust

admin — Fri, 25 May 2012 11:31:23 +0000

The Eurozone should move closer to a financial union with a common bank regulator and supervisor, European Central Bank Executive Board member Peter Praet said Friday

ECB Weidmann: ECB Has Reached The Limit Of Its Mandate

admin — Fri, 25 May 2012 11:31:32 +0000

The European Central Bank has reached the limit of its mandate, especially in the use of its non-conventional measures, ECB Governing Council member Jens Weidmann said in an

Germany Has Six-Point Plan For EMU Growth

admin — Fri, 25 May 2012 11:31:37 +0000

The German government has devised a six-point plan to stimulate economic growth in Eurozone member states hit by the debt crisis, German weekly Der Spiegel reported Friday, without

Danske Cut Its EUR/USD One Month Forecast To 1.22

admin — Fri, 25 May 2012 11:31:15 +0000

In the FX markets concerns about a possible Greek euro-exit continue to weigh on sentiment and EUR/USD took another step down yesterday to 1.2516 as investors turn to safe havens.

What's Needed To Trigger The Fed?

admin — Fri, 25 May 2012 11:31:45 +0000

The current Operation Twist is scheduled to be terminated at the end of June, which renders the 20 June FOMC meeting an obvious candidate for QE3. The chance of this happening has

Greece Without The Euro: An Orphan Without Home

admin — Fri, 25 May 2012 03:44:43 +0000

Quote of the day: "The country would be like an orphan without a home...Our economy and life will become much worse...We

ECB's Near-Term Actions Are Euro Negative, Says Barclays

admin — Fri, 25 May 2012 02:25:27 +0000

The keys for solving the euro crisis are now in the hands of the European Central banks given the disappointing outcome of the the EU summit on Wednesday. So, which key the ECB

Asia FX Technicals: S/T Support And Resistance Levels For 4 Majors - 05/24

admin — Fri, 25 May 2012 01:10:56 +0000

The following are the short term support and resistance levels for 4 major currency pairs

HSBC Sees 2 Scenarios For Greece's EUR Exit, 2 For Its Staying

admin — Thu, 24 May 2012 22:39:55 +0000

HSBC outlines 2 possible scenarios for Greece exit from the EMU and 2 other scenarios for its saying. The main variable in these scenarios is the outcome of the county's

AUD, NZD Outlooks Next 24 Hours: Mrkts To Stay The Defensive - Westpac

admin — Thu, 24 May 2012 21:11:41 +0000

AUD and NZD Outlooks: There is little economic data of note globally during the day ahead. Barring headline surprises, markets are likely to remain on the defensive

Citi Sees Italy, Ireland, Portugal And Spain Facing Further Downgrades In 2012

admin — Thu, 24 May 2012 19:40:40 +0000

Citi expects Moody's and S&P to do another round of reappraisal for the European creditworthiness in 2012. The trigger for such move by the two rating agencies will be

Technically, EUR/USD Is Poised To Hit 1.2067 - Commerzbank

admin — Thu, 24 May 2012 18:49:42 +0000

EUR/USD is breaking below the 78.6% retracement of its 2010-2011 move at 1.2530 and a close below that level will confirm a strong technical sell signal, Commerzbank said in note.&

Grexit Is Imminent; Rumors It Will Talk Place On June 2nd/3rd - BTMU, Others

admin — Thu, 24 May 2012 18:01:06 +0000

Greece exit from the EMU is imminent, the bank of Tokyo Mitsubishi-UFJ said in note. The bank outlined some major factors behind this call. First, the market is filled with rumors

Barclays Technical Strategy To Play AUD/USD S/T

admin — Thu, 24 May 2012 16:00:17 +0000

Barclays Capital has two possible technical scenarios for AUD/USD in the near term. The base scenario calls for a short term bounce due to technical bullish divergence. If that

EFSF Frankel: Greece Unique Case, Mkts Underestimate Progress

admin — Thu, 24 May 2012 15:01:28 +0000

Greece is an outlier in a Eurozone that has otherwise made significant progress in economic adjustment, Christophe Frankel, the deputy chief executive officer and chief financial

ECB Nowotny: Greek Exit Would Cause "Massive Distortions"

admin — Thu, 24 May 2012 13:23:32 +0000

If Greece were to leave the Eurozone it "would be a massive event causing massive distortions" in financial markets and the economy, European Central Bank Governing

Commodities Rise Despite Dismal Chinese, Eurozone PMIs - Why?

admin — Thu, 24 May 2012 13:23:28 +0000

Risk appetite trends appear to be shrugging off softer Chinese and Eurozone PMI figures, with European shares on the upswing and growth-geared crude oil and copper prices following

PMI Deterioration Could Trigger ECB Cut

admin — Thu, 24 May 2012 11:20:33 +0000

We believe deteriorating PMIs could trigger a move from the ECB. We now expect the ECB to lower interest rates at the June meeting. We expect a one-off rate cut of 25bp –

Germany's Opposition Wants Growth Pact Next To Fiscal Compact

admin — Thu, 24 May 2012 11:20:39 +0000

Germany's largest opposition party, the SPD, on Thursday reaffirmed that it will ratify the EU fiscal compact in Germany only if a growth pact is added at the European level

ECB Nowotny: Can’t Be Pressured Into New Measures Every Few Weeks

admin — Thu, 24 May 2012 11:20:47 +0000

The European Central Bank can’t necessarily be expected to react with new accommodative measures because of recent weak economic data and the intensification of the Eurozone

Danske Prepares To Go Short On EUR/USD, GBP/USD

admin — Thu, 24 May 2012 11:20:22 +0000

Danske bank is looking to sell EUR/USD and GBP/USD on a slight bounce from their current levels. The bank will go short on EUR/USD at 1.2639, with a stop at 1.2728, and a target of

Grexit Will Open Pandora's Box In Europe

admin — Thu, 24 May 2012 03:34:13 +0000

Quote of the day: “A Greek exit would be a Pandora’s box.. It’s a disaster that would leave the door open to other disasters. The

EU Leaders Look To Take EMU To Next Stage, Boost Growth

admin — Thu, 24 May 2012 02:34:23 +0000

EU leaders meeting here on Wednesday night said they would start looking into ways to further deepen economic and fiscal integration, and they signaled their support for a package

Asia FX Technicals: S/T Support And Resistance Levels For 4 Majors - 05/24

admin — Thu, 24 May 2012 01:27:37 +0000

The following are the short term support and resistance levels for 4 major currency pairs

Goldman's O'Neill: If EMU Exists In 5 Years, Eurobonds Will Be Part Of It

admin — Wed, 23 May 2012 23:58:37 +0000

Goldman Sachs Asset Management Chairman Jim O'Neill made a stunting forecast about the future of the EMU on Wednesday saying that if it continues to exist in 5 years, Eurobonds

AUD, NZD Outlooks Next 24 Hours: Temporary Bounce Expected - Westpac

admin — Wed, 23 May 2012 21:45:09 +0000

AUD and NZD Outlooks: selloff s remain intact but oversold conditions warn of a temporary bounce during the week ahead. Markets will watch for headlines emanating from the EU

Q) What European Banks Will Do On Grexit Day? A) Take It Off - UBS

admin — Wed, 23 May 2012 20:51:56 +0000

One of the possible protective measures the european banks might adopt for Greek exit is to take a coordinated holiday(s) immediately following the event, UBS says in a research

Where The Euro Goes From Here

admin — Wed, 23 May 2012 19:12:03 +0000

The lack of positive news out of the EU summit on Wednesday triggered an aggressive EUR/USD sell-off causing the pair to trade as low as 1.2550, a fresh 22 months low. Reaching

State Street Repositions Its Global Portfolio For Grexit

admin — Wed, 23 May 2012 17:11:21 +0000

State Street Global Advisors (SSGA) is repositioning its portfolio for a possible Greece's EUR exit within 6 months to one year

Germany's Govt Still Opposed To Eurobonds

admin — Wed, 23 May 2012 16:33:40 +0000

German Deputy Finance Minister Steffen Kampeter on Wednesday again made clear that the government will not give in to calls for issuing joint eurobonds in the Eurozone

Options Players Betting On EUR/USD To Drop To 1.10 In 2 Months

admin — Wed, 23 May 2012 15:47:01 +0000

There are some reports in the market that good amount of EUR/USD 2 month one touch options with 1.10 strike have been bought