Portuguese Bond Auction Success Story - January 12, 2011 18:49

Portugal has managed to successfully survive their bond auctions today as demand for both 3yr and 10yr bonds sold at above the initial offered price. This is a positive sign for the Portuguese economy despite the fact that they will still need to raise €20 billion to refinance their debt for 2011. Looking ahead the […]

Global Stocks Decline on Debt Fears - January 10, 2011 18:51

The cost of insuring European sovereign debt against default has risen today to a record high as Portugal, Spain and Italy prepare to borrow $43 billion this year. The fallout of the concern caused by this is a marked decline in risk appetite and subsequent decline in global stock markets

Euro continues to suffer from significant selling pressures - January 7, 2011 18:50

The Euro has been the key loser today, losing 1.6 cents in trade today. Eurozone unemployment figures and GDP figures announced this morning have failed to support the flailing euro. the ECB Chancellor Jean Claude Trichet has said this afternoon that governments should not rely on the ECB for bail outs and that they should […]

Euro Suffers over Sovereign Debt Fears - January 6, 2011 18:57

The Euro has come under pressure in the last few days as fears mount over sovereign debt contagion. The Euro has fallen against most of the world’s most actively traded currencies with the key EUR/USD pair making new lows at 1.3170 and GBP/EUR testing the 1.19 mark towards the end of the UK session today.

US Recovery Gathers Momentum with Service Sector Expansion - January 5, 2011 18:20

The US Economic recovery seems to be gathering momentum moving into 2011 as service sector expansion reaches the fastest pace since May 2006.

Dollar surges on strong jobs report - January 5, 2011 17:18

The dollar is up across the board Wednesday morning following a tremendously positive and surprising report on private sector jobs in the United States.

Euro, pound down as US economy improves - December 22, 2010 23:41

According to a recent survey by CNN Money, top economists are projecting a 3.1 per cent gross domestic product (GDP) for the United States economy during the final quarter of 2010, after a 2.6 per cent third quarter increase.

Euro falls after debt deal - December 18, 2010 13:51

The euro has been hit hard overnight and in early Friday morning New York currency trade following news that the European Union members reached a deal to help prevent future debt problems in the region.

Bernanke maintains $600Bn still required - December 15, 2010 18:10

The federal reserve are adamant , that despite recent economic indicators pointing towards a strengthening US economy, the stimulus package designed to keep the recovery underway is still necessary moving forward into 2011. Policy makers have indicated that recent signs of economic strength will not deter them from pumping more money into the financial system […]