Forex Trading | Currency Exchange | Currency Trading | Foreign Exchange Blog » news http://www.forexbite.com/bites Wed, 20 Apr 2011 04:26:46 +0000 en hourly 1 http://wordpress.org/?v=3.1.1 Markets Rebound After Successful Portugal Bond Sale http://www.forexbite.com/bites/markets-rebound-after-successful-portugal-bond-sale http://www.forexbite.com/bites/markets-rebound-after-successful-portugal-bond-sale#comments Sat, 04 Dec 2010 21:58:58 +0000 http://forexbite.com/bites/?p=13 Markets Rebound After Successful Portugal Bond Sale post from Forex Trading Blog

]]> Wall Street rose today as reignited faith in Europe through the Portugal bond sale and positive economic news in Asia and US came out. The Dow followed European and Asian markets and was up 200 pts at close. The question is – “Is this a temporary buy back from speculators who believe a rebound is likely or have investors found renewed faith”.

It could also be that the central banks are buying a lot of it themselves. With concerns over Ireland and now Portugal and Spain, any comment from Europe will help settle nerves.

The latest of positive news came from the US, the jobs data, in addition to better retail sales. Net-net the euro closed at $1.3105 from $1.2983 late Tuesday in NY session.

Markets Rebound After Successful Portugal Bond Sale post from Forex Trading Blog

]]> http://www.forexbite.com/bites/markets-rebound-after-successful-portugal-bond-sale/feed 0 Bond Buys To Continue From European Central Bank http://www.forexbite.com/bites/bond-buys-to-continue-from-european-central-bank http://www.forexbite.com/bites/bond-buys-to-continue-from-european-central-bank#comments Sat, 04 Dec 2010 21:57:15 +0000 http://forexbite.com/bites/?p=9 Bond Buys To Continue From European Central Bank post from Forex Trading Blog

]]> Through the press conference held by president of European Central Bank they announced the decision to continue with their bond buying program. This news was more or less expected. However, what is concerning is that tenders will be kept at full for as long as required to maintain liquidity in the markets.

Since the fall of Ireland, Dublin has been under pressure from bond markets to call for European aid, resulting in a Eur 85 billion bailout. Despite these measures the contagion effect could not be avoided.

More worries looming around Portugal, Spain and Italy send the EUR trailing down, so much that despite the US fed decision to pump more money into the their economy, the EUR/USD continued to fall.

The European Central Bank has been taking into account the US is volunteering to pitch in to the Financial Stability Fund and “too big for a bailout” is being said about Italy. Maybe it’s time for alternate methods!

Bond Buys To Continue From European Central Bank post from Forex Trading Blog

]]> http://www.forexbite.com/bites/bond-buys-to-continue-from-european-central-bank/feed 0