Recent content by pointzero8

Tuesday 29 May 2012 In the news Headlines: Retail sales recovering, CBI says QE prospects dwindle Bank of England prepares plans for euro collapse... the market appears to be in an accumulative mode from the recent price action on the M15, with a notable deceleration in the downtrend. In...

Monday 28 May 2012 Economic week ahead It is a relatively quiet week for scheduled economic indicators in the UK, with the focus likely to remain on developments in the eurozone crisis. That said, UK data will focus on the consumer sector and there are a few releases of note. The Bank of...

From the Daily Telegraph, Saturday 26 May 2012 The comments came amid rumours – detailed by the bank of Tokyo Mitsubishi-UFJ – that a Greek exit is now imminent. The bank said there was speculation that a “planned departure” would take place over the weekend of June 2 and 3. The left-wing party...

•Overnight price action. The dollar remained firm against other major currencies in Asia this morning over the continuing concerns over European sovereign debt problems and a global economic slowdown. The dollar hit a 15-month high to the Swiss franc, while the ICE Dollar Index, which tracks the...

Thursday 24 May 2012 GBP: Revised GDP q/q "GDP fell 0.3% in the first quarter, a worse showing than the initial estimate of a 0.2% decline. That confirms the second quarterly contraction of economic growth in a row, generally regarded as the technical definition of a recession." Actual...

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