Forex Signals, Currency Trading, Economic News, Forex Blog

European stocks dropped as investors awaited the American payrolls report today and elections in France, Greece, Italy and Germany this weekend. U.S. index futures were little changed, while Asian shares fell. Royal DSM NA, the world’s largest maker of vitamins, declined 2.1 percent after Bank of America Corp. downgraded its recommendation for the stock. Rio [...]

Stocks (SXXP) fell, U.S. index futures reversed earlier gains and the yen strengthened as earnings missed estimates and Standard & Poor’s said Greece may have to restructure its debt again. Spanish and Italian bonds dropped. The Stoxx Europe 600 Index (SXXP) lost 0.8 percent at 7:25 a.m. in New York. S&P 500 Index futures slipped [...]

European governments moved toward a confrontation over a second rescue package for Greece, just as a dimming fiscal outlook in Portugal opened a new front in the debt crisis. Bargaining with Greece over a debt writedown and its economic management came as European Union leaders signed off on key planks of the strategy to end [...]

The accord was eagerly greeted by the European Central Bank which has long pressed euro zone governments to put their houses in order. “It is the first step toward a fiscal union. It certainly will strengthen confidence in the euro area,” ECB President Mario Draghi said. Officially, the half-day summit focused on a strategy to [...]

Since August the market has been very volatile. Huge market swings for stocks added to a sense of crisis as investors fretted over Greek default, the global banking system and a slowdown in the US economy. The world’s central banks remain in crisis mode using unconventional measures to shore up confidence and avert a major [...]

The UK economy grew by 0.2% in the second quarter of 2011, the second estimate from the Office for National Statistics (ONS) has confirmed. Growth from April to June was restricted by one-off factors including the extra bank holiday in April for the royal wedding and the Japanese tsunami hitting the import of car parts. [...]

A 15-day short selling ban, which will be implemented on Friday morning across several European countries, has attracted opprobrium from market participants, who see the restrictions as a superficial move that will do little to solve the underlying problems of the euro zone and stop market turbulence. The majority of the comments from European traders [...]

The results of the banking stress tests, due on Friday after the close of European markets, will be worst for German and Spanish banks, analyst Ralph Silva of SRN told CNBC Friday. “The German banks are going to suffer the most because they’re not in a great place right now,” he said. “There are just [...]

In case ye faithful (I live in hope!) readers hadn’t noticed yet, I am all for innovative ideas on solving old problems. I am all for innovative ideas. Period. So here’s one for you: Let’s scrap the globally imposed “state monopoly” on money and allow a truly free currency market – in the classical Keynesian [...]