Alpari (UK) Launches Free Live Audio Market Commentary Service

Alpari (UK), a leading provider of online foreign exchange (FOREX, FX) trading services and technology, today announced the launch of an innovative live audio market commentary service which is free for its clients. Alpari Squawk is a dedicated audio stream, which covers all the major market-moving stories throughout the trading day, including coverage of economic news and figures as they are released, such as fixed income, interest rates, equities, FX and commodities. The service is managed by First Call, a team of professional market analysts. Alpari Squawk filters the important news so Alpari (UK) clients don’t need to scour several news sources during the trading day. Instead,...More

Merkel’s call for ‘orderly default’ supports EUR shorts

It’s a new blow to the EUR confidence when Merkel calls for an ‘orderly’ default possibility in the Euro-zone and that ‘orderly’ insolvencies of states must be studied. There is nothing orderly about these markets which are moving erratically on ‘fumes alone’. The currency has garnered strength on the fear that the G7 is concerned about the speed of its decline this month. Capital Markets have been preparing for some verbal intervention to support the EUR ‘if the rout continues’. What about multilateral currency intervention? We have not seen that in a decade. With the heavily weighted one-sided bet, surely policy makers would get value for their money on actually intervention? Perhaps they... Details

Europe Crisis in Rescue for Greece Bringing Euro to New Normal

Europe’s debt crisis will depress the euro still further after it declined to the lowest level since 2006, according to UBS AG and BNP Paribas SA. For years to come. For the 16 countries using the currency, that isn’t all bad. A drop over three to four years would benefit European exporters in countries such as Germany, where foreign sales help offset reductions in government spending and restraint by consumers concerned about inflation. U.S. exports, which President Barack Obama says he wants to double within five years, may become less competitive. “The euro depreciation is very good news for the region” because the rest of the world economy is expanding, said Charles Wyplosz, head...Read more