Trichet resists any involuntary private sector participation in a Greek bailout? Well, German banks are showing some involuntary signs of volunteering to participate, as pressure for Greek restructuring continues to …
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The Canadian economy gained 22,300 jobs in May, within expectations. A significant surprise to the upside came from the unemployment rate, which fell once again, from 7.6% to 7.4%. USD/CAD, …
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British manufacturing production plunged by 1.5%, much worse than an unchanged figure that was expected. Also producer prices fell more than expected, with PPI Input dropping by 2%. GBP/USD that …
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Jean-Cluade Trichet used the code words “strong vigilance†to hint a rate hike in July. This was expected. On the other hand, he talked about risks and elevated uncertainty. He …
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Britain had a deficit of 7.4 billion pounds in April, better than 7.5 that was expected. GBP/USD edges up before the rate decision. The margin between the actual and the …
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Euro dollar lost ground and couldn’t get back up after the split between European leaders is becoming more obvious and is preventing a decisive solution. Tension is mounting towards the …
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The European leaders are still far from agreeing on a solution to the situation in Greece. In a very clear letter to the ECB, the German finance minister insisted that …
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German factory orders and retail sales for the euro-zone came out better than expected, and they push euro dollar to a higher, though narrow range. “Strong vigilance†is getting closer. Factory …
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The Chairman of Goldman Sachs Asset Management Jim O’Neill says that the justified  exchange rate of euro dollar should be 1.20. O’Neil manages $823 billion.  O’Neill says that this is not only …
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The past week ended with great optimism: the talks between the EU/ECB/IMF troika and Greece ended “positively†with a new bailout program coming soon. The Euro jumped and had a …
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