Tag Archives: Greek Crisis

Greece to Vote on Euro Membership – EU break up?

November 2, 2011

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Bloomberg just put up a headline which said *GREEKS TO VOTE ON EURO MEMBERSHIP IN REFERENDUM: PAPANDREOU Which has been followed up just now by a story which says Greek Prime Minister George Papandreou told his ministers in Athens today that his plans for a referendum would confirm Greece as a member of the European Union […]

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Europe edging closer to a solution – at least I hope so.

October 24, 2011

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Congratulations to the All Blacks who got the monkey off their back with a hard-fought win over France at the Rugby World Cup over night. Lets hope that the French with their European team mates can go all the way this week with some sort of resolution to the crisis. But there is no magic […]

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More market noise but underlying global economy deteriorating

October 19, 2011

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Euro volatility used to mean that the EUR/USD exchange rate had moved up or down and bounced around. These days it means that some European politicians has opened his or her mouth or, increasingly, some British newspaper has “broken” a story late in the day which has got things moving. Such was the case again overnight […]

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Snapback – Markets bounce but is it sustainable

September 28, 2011

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The bipolar nature of markets is hard to fathom at present, although we have a go below. Overnight we saw the Dow up 1.33% and the S&P 500 up 1.07% but they were off their highs for the day. In Europe it was a stellar night with the DAX up 5.29%, the CAC up 5.74% and the […]

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Australian Dollar Weekly Outlook

September 26, 2011

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Welcome to this week’s edition of the Australian Dollar weekly outlook which is cross posted with MacroBusiness. Bloomberg is quoting US Treasury Secretary Tim Geithner this morning as saying that there is an increased: “…threat of cascading default, bank runs and catastrophic risk” from the European crisis. In the context of the Australian dollar, any […]

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Australian Dollar Crushed Again

September 23, 2011

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The AUD fell precipitously overnight and as I sat down earlier this morning it was actually trading under 0.9700. Remembering that earlier this week the AUD was above 1.03. This is not unexpected to our readers and while I don’t want to turn this into a trading blog it is worth having a look at […]

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Australian Dollar Crushed as FOMC highlights economic weakness

September 22, 2011

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The FOMC released the decision from its two-day meeting early this morning and, as widely anticipated, they announced that they were going to extend the duration of their treasury holdings in order to try to get the entire interest rate curve lower. They said  they had, “decided today to extend the average maturity of its holdings […]

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Australian Dollar Weekly Outlook

September 19, 2011

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Welcome to this week’s edition of the Australian Dollar weekly wrap and outlook. We’ve moved it to Monday to better sync with trade. The AUD traded down to a low around 1.0180 last week as concerns grew that Europe was going to be unable to get itself sorted and avoid a Greek bailout. The positive […]

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Timing is everything – thoughts on current volatility

July 14, 2011

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I’m on the road again for the next couple of days so I’ll make this a short one but overnight volatility reinforced an old axiom to me that I used to use when I was doing the currency strategy thing full-time at NAB and Westpac. That is don’t mix up your time frames. When you are […]

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On Football and markets – the sidelines the safest place.

July 13, 2011

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I love footy but at 42 I know I’m too old to strap on the boots again and run onto the ground without a serious risk of getting smashed by one of the fit young blokes running around (we’ll leave aside my skill level – this is a story I’m telling). So I know that […]

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