So after all of Draghi’s optimistic and bullish comments of last week, indicating he might introduce some dramatic measures to stabilise the Euro and more importantly the Euro zones soaring bond yields he…………did nothing. Off the back of his strong words last week Draghi seemed to back track yesterday and talk his way out of the difficult situation he got […]
In what is being the called the most anticipated ECB press conference to date, Mario Draghi is expected to do one of two things. Either he follows up last weeks comments, ‘I will do whatever it takes to protect the Euro’, with some real fire power and outlines plans for the ESM to receive a […]
Thursdays comments from Mario Draghi brought support to the Euro basically stating he will do whatever it takes to protect the Euro, this saw it clamber from lows against the Pound and the USD. But the gains were partially erased on Friday when Spanish unemployment came out worse than expected at 24%. In a joint statement from […]
EUR Comments from Mario Draghi yesterday picked the Euro up from its slump against a majority of currencies. His strong words were essentially the ECB will do everything and anything in its power to not let the Euro fail and new initiatives will be succesful. The Euro actually rose by 1% against the USD on the […]
Yesterday we saw GDP figures QOQ and YOY show a significant decline, in fact three times less than expected. QOQ came in at -0.7% rather than the expected 0.2%, this set GBP/EUR to have its largest fall in 3 months and it lowest for two weeks against the USD. Despite this knock I still belive […]
So yesterday the Spanish bond yield once again climbed, this time to Euro-era highs, 7.63%. It has been said that if they reach 8% then the ECB will freeze them out the market and I believe this will weaken the Euro significantly as it will mean Spain will almost certainly need a full-scale bailout. Catalonia joined Murcia and […]
Spain So 2 of the 17 regions (Valencia and Murcia) in Spain have now formally requested help from their central government to help them with their debt. It started on Friday with Valencia and quickly spread to Murcia by Monday, this sparked fears by investors that a full-scale bailout for Spain would be soon requested. Spains […]
