Alan's Forex Blog

Dukascopy Fundamental Analysis
EUR
Nicolas Sarkozy, France’s President, said that the country may consider withdrawing for Schengen zone unless more efforts are put in stopping illegal immigration. Sarkozy speaking at President’s election rally stressed that the progress has to be made during next 12 months otherwise France will exit Schengen zone. Illegal immigration is expected to be [...]

Dukascopy Fundamental Analysis
EUR
“The debt-swap results show that international markets see the prospects the Greek economy has to regain a sustainable fiscal situation”
- Evangelos Venizelos, Greek Finance Minister
Greece pushed through the bond swap offer averting the immediate threat of an uncontrolled default and opening the way for a second rescue package.

USD
“The labor market has found its [...]

Dukascopy Fundamental Analysis
EUR
Germany’s factory orders unexpectedly slipped in January as overseas demand for machinery and similar investment goods fell. Factory orders lost 2.7% compared to a 1.6% gain in December, said Economy Ministry. Economists questioned by Bloomberg earlier predicted an 0.6% increase. On yearly basis orders have dropped 4.9%. Euro erased morning gains on report.
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Dukascopy Fundamental Analysis
EUR
“With the dramatic expansion of its balance sheet since last summer, the ECB has become the most active central bank in the world”
- Klaus Baader, chief euro-area economist at Societe Generale
The European Central Bank’s balance sheet rose to a record 3.02 trillion euros for the week ended March 2, after a second long term [...]

Dukascopy Fundamental Analysis
EUR
European economy declined in the 4th quarter of 2011 as investment fell most since 2009 amid dropping consumer spending and exports. GDP both in Euro Zone and EU 27 area fell 0.3% compared to 3rd quarter said EU statistics office on Tuesday. Exports contracted 0.4% compared to a 1.4% gain in the 3rd [...]

Dukascopy Fundamental Analysis
EUR
“At this stage, our best estimate is that the region’s GDP will have contracted by 0.1 percent in the first three months of the year”
- Chris Williamson, chief economist at survey compiler Markit
The euro zone retail sector expanded in January, compared to the previous month. Retail sales rose 0.3 per cent, after declining 0.5 [...]

Dukascopy Fundamental Analysis
EUR
Moody’s has downgraded Greek credit rating again from “Ca” to the lowest level of “C”. The rating agency cited high risk of country’s default even despite deal with its bondholders on almost 70% debt write-off. The deal will allow Greece not to return about 107 billion Euros to the private investors. Moody’s stressed [...]

Dukascopy Fundamental Analysis
EUR
“It [signed fiscal compact] helps prevent a repetition of the sovereign debt crisis”
- Herman Van Rompuy, President of the European Council
All but two of the European Union leaders Friday signed a treaty to adopt strict new rules on national deficits and debts. Only Britain and the Czech Republic did not sign the agreement.

USD
“There’s [...]