Thursday, February 3, 2011

Forex news Euro:Euro looks tired before the ECB's payrolls

Especially noticeable in the medium can be called the continuation of the rally field spreads on bonds, but the euro is not used the occasion not showing growth. Apparently it was in the presence of a pair of bear stories for the euro, as it talks about the possibility of redemption bond fund EFSF or further downgrade the government debt of Ireland from S & P. Both served to hold rates, rather than force to grow profitability. For the euro is looking rather the possibility of profit before risk events today in the form of tomorrow's ECB meeting and peyrollosov.

Irish banks continue to have an outflow of deposits. According to the Telegraph, the latest data from the Irish Central Bank showed that in December continued outflow of deposits. After reduction of 27 billion euros in November, in December it was still -40 billion over the past year the Irish banks were losing deposits to 110 billion euros. Fine Gael opposition party offers to holders of bank bonds to substitute your shoulder affected banks. Please note that the Irish in the service sector PMI, which was published this morning, jumped to 53.9 (from 47.4) and came after unexpectedly strong manufacturing index. So it's not just bad news.

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