financial news

Subscribe to Our News Feed If you would like to receive our links in real-time please follow me (Edward Harrison) at @edwardnh. We also have a Facebook fan page now. Must read Spain raises €3.52bn with 10-year bonds - Independent.ie…

Subscribe to Our News Feed If you would like to receive our links in real-time please follow me (Edward Harrison) at @edwardnh. We also have a Facebook fan page now. Click here to become a fan and have CW posts show up on your Facebook…

Highlights We are seeing some respite for the euro but the underlying bearish forces have not gone away and this latest bounce is a good selling opportunity. The single currency rallied to a high $1.2437 in early European session (nearly…

Subscribe to Our News Feed If you would like to receive our links in real-time please follow me at @edwardnh. Must Reads ‘Major Crash’ Likely If Stocks Break May 7 Lows, Russell Says - BusinessWeek Hugh Hendry Shorts China, Betting…

Highlights Euro weakness persevered into the European session, with Germany’s naked short-selling ban announcement still in the limelight (see below). The euro has broken through the $1.22 mark, down to a low $1.2144 in Asia -  a…

Highlights The US dollar was stronger vs. the majors, as the euro was unable to hang on to its recent gains above 1.24.  Euro selling accelerated after news of German regulator BaFin banning some short sales (see below).  Euro…

Subscribe to Our News Feed If you would like to receive our links in real-time please follow me at @edwardnh. Must reads How P&G Plunge Derailed One Investor | TheStreet.com Congress blocks indiscriminate IMF aid for…

Highlights The euro has recovered from yday’s low, but the risk remains strongly tilted to the downside and so this is a good selling opportunity (see below). The EU Fin. ministers have disbursed the first tranche of loans to Greece…

Subscribe to Our News Feed If you would like to receive our links in real-time please follow me at@edwardnh. German stories Run auf Münzen: Deutschland im Goldrausch | FTD.de German Municipalities face €15-billion shortfall - The…

Highlights Euro weakness intensifies as we start the week, risk-off trades dominate and the US dollar and the yen are the winners in the current context, still. There was no fresh ‘bad news’ from the EZ, but sentiment is extremely poor,…