Foreign Exchange Insights and Next Week
Next Week
April 23, 2010
A really exciting week lies ahead for economic data junkies and central bank watchers. Thursday, April 29, sees the first of Japan’s four holiday closures, that being Showa Day to honor the Emperor’s birthday, followed by Constitution Day on Monday, May3, Greenery Day on May 4 and Children’s Day on May 5. Together these off-days […] More
Foreign Exchange Insights and Next Week
Currency Market Uncertainties Involve Political Decisions
April 23, 2010
When currency market direction hinges on political decision-making, fundamental economic analysts and technical market guidance are not especially helpful because the deciders are not influenced by any of those factors, and their actions are game-changers. Since the summer of 2007, private and government analysts have emphasized the unusually high level of uncertainty surrounding baseline forecasts. […] More
New Overnight Developments Abroad - Daily Update
Greek Government Formally Requests Aid Package Be Activated
April 23, 2010
Faced with sky-high Greek interest rates, the government in Athens has asked that the EUR 45 billion aid package from the EU and IMF be activated. The process not requires consent from all 15 other members of the euro area. The big uncertainty is Germany’s response, but on the whole markets are relieved that something […] More
