Robin Hood: Are you with me? Yea or Nay? Villager: Well, which one means Yes?
Robin Hood: Men in Tights (1993)
EU Approves Financial Trading Tax. Eurozone governments, always searching for new revenue sources, think a trading tax on financial transactions might be just the answer. Finance...
The euro has been doing quite well versus the pound, having appreciated from under 78 to the current level of 83. We do have PM Cameron scheduled to make a speech on Friday regarding the future of British participation in the EU. If the EU membership were put to a vote in Britain how would that...
EURUSD. Despite lower US equities and angst going forward that budgetary gridlock will continue, the USD versus the Euro fared well this past week. There had been rumors Washington officials had requested the EU debt problems would not be an issue until after the US election. Whether true or...
EURGBP. We had some interesting economic numbers released last week. Perhaps overlooked was the European M3 money supply report. This is the broadest measurement of the money supply and the quarterly and yearly growth numbers were both smaller than expected. The largest deviation from the...
EURUSD. Reports Wednesday October 24 confirmed that the economic slowdown which has been plaguing the countries in Southern Europe is moving north. The German Manufacturing PMI (M/M) was down to 45.7 from 47.4 last month. The Services PMI slipped to 49.3 from last month's 49.7. Continuing, the...
Last evening the bond rating company S&P reduced the ratings of Spanish sovereign debt toward the junk level. As might be expected, this proved bearish on the euro versus the USD, taking the pair down close to the 200-day SMA at 1.2825. Then it bounced and has since rallied to the 1.2940 area...
Toward the end of Summer, the Federal Reserve District of Kansas City hosts a central bankers meeting at beautiful Jackson Hole Wyoming. It was at this venue that Fed Chairman Bernanke announced in 2010 that he was about to embark on QE2. The effect of this stimulant was short lived. Now the...
Matthew Lynn has a column called Matthew Lynn's London Eye which is published in Market Watch, as well as other outlets, usually on a weekly basis. Lynn, a financial writer, has also written a series of novels.
Today's article "When will the euro collapse? It's already dead...Commentary...
The European Central Bank President, Mario Draghi, at a meeting in London yesterday, led cheers for the future of the euro. Draghi said: "Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough."
There is no way to know if these...
To the chagrin of the Bank of Japan, who would prefer to have a lower yen, and the many Japanese exporters harmed by the elevated yen, the turmoil in Europe continues sending haven buyers to seek the perceived safety of the yen.
And as the European leaders have shown their inability to...
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