by Henry Liu on April 27, 2010
Today’s market suffered heavy risk aversion sell offs as Germany said that the aid package for Greece is “not yet a done deal”, plus ratings downgrade of both Greece and Portugal’s sovereign credit worthiness, created the perfect storm that we haven’t seen for quite a while…
The heart of the matter is simple, and it could be summarized up in just one word: “Elections”… As German politicians campaign for re-elections, aid for Greece became a political tool used to sway public opinion…
Click on post title above to read the full article.
by Henry Liu on February 11, 2010
2:00am German Prelim GDP q/q Forecast 0.2% Previous 0.7%
5:00am EU Flash GDP q/q Forecast 0.4% Previous 0.4%
Action: N/A
We’ll be looking at both German Prelim GDP for the 4th Quarter 2009 GDP measurement. Since this is the first release of GDP for the quarter out of Germany, it is more likely to surprise the market than 2nd or 3rd releases. Since Germany and France are the two largest members of the European Union, their GDP releases makes up over 50% of the entire EU, therefore we’ll be looking at the market during their scheduled release time.
Click on post title above to read the full article.
by Henry Liu on September 13, 2009
Hello everyone:
Another seemingly quiet week has gone by but the market has not failed to surprise us yet again… The biggest news last week was not the rate decisions nor the lack of high-impact trend changing news releases, but the apparent endless strength of the Japanese Yen under the new ruling party, which managed to push the USD/JPY close to the 90.00 handle, approaching that yearly low level of 87.00…
Click on post title above to read the full article.
by Henry Liu on August 17, 2009
5:00am (NY Time) EU German ZEW Economic Sentiment Forecast 45.2 Previous 39.5
ACTION: N/A EUR/USD
I normally don’t trade this release but I feel it is important to mention it today since this report has been gaining popularity by traders as Germany is one of the biggest economies in the Euro Zone; therefore better German economy means better European economy as a whole.
Click on post title above to read the full article.