The under fire Greek Prime Minister George Papandreou sensationally performed a u-turn yesterday by cancelling his controversial idea of a referendum into whether Greece should accept the latest bailout package.
This has left the Greek government on the brink of collapse as infighting has led to the PM losing his majority. The political skirmishes...
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Archive for November, 2011
Euro Spread Trading Market Higher as Greek Prime Minister Cancels Referendum
Euro Spreads Under Pressure Ahead of ECB Interest Rate Meeting
Last night’s Fed Reserve meeting and Greece’s continuing struggle did nothing for risk appetite during Asian trading hours.
The Federal Reserve reemphasised the downside issues to growth and reduced its overall forecasts. On a positive note, the Fed did acknowledge the possibility of easing options, suggesting additional QE thus giving a helping hand to...
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Online Spread Trading Markets Disappointed by German Jobs Data
The online spread trading markets remain in limbo this morning as Greece looks close to a meltdown.
Ever since Greek Prime Minister George Papandreou announced plans for a referendum into the new bailout package and the required austerity measures that will come with it, we have seen huge swings as traders try to wrap...
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EUR/USD Spread Trading Market Plummets as Eurozone Peripheral Bond Spreads Widen
A number of negative factors have meant risk aversion has come back with a vengeance.
As usual the Eurozone is under the spot light and last week’s European Union (EU) rescue agreement has failed to prevent a further widening in Eurozone peripheral bond spreads. This will be disappointing to Eurozone officials as this was...
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