euro

As Iran gets ready to celebrate its greatest holiday of the year, New Year's Eve, on March 20th, it not only celebrates the beginning of a new year but also the end of the dollar as an acceptable currency for payment of its oil. Although the holiday, known as Nowruz, is typically commemorated by...

Wednesday, the European Central Bank loaned the European banks 529 billion euros. It is the second long-term refinancing option (LTRO) the ECB has offered in the last few months, following a previous LTRO in December that saw 489 billion euros lent out. LTROs are just one of several possible open...

For months now, experts from the Swiss investment bank UBS have been arguing that bankruptcy is an inevitability for Greece, indicating March of this year as the likely point when the country will be forced to face reality While Geek going bankrupt should not make Portugal, Spain or Italy...

Within the last few months, from an economic standpoint, it seems that a "two-speed" world is emerging. On the one hand, there are the euro zone countries, where financial turmoil threatens to trigger a recession and put the future of the eurozone at risk. On the other hand, there are developing...

Might young Americans begin to look north in order to avoid financial and societal tumult? Young Americans could always look to Canada. MarketWatch's Bill Mann recently had an interesting article on the topic of Canada's economic health. According to Mann, the release of two major reports shows...

As the world prepared to put a period at the end of the 2011 business year, Friday saw the euro edge up against the dollar after Spain announced a whole range of measures to control its finances. However, according to Reuters, analysts said the single currency would stay pressured in 2012 as the...

As fundamental problems put a serious question mark to the feasibility of the European Union existing as a financial entity, many question its purpose and continued existence. There is no question that the 1999 adoption of a single currency--designed to abolish barriers to trade between member...

We are all familiar with the quoted value of stock indexes like the DOW or S&P 500 that we see on websites and TV news channels. Even though these quotes are of course accurate they are also ‘currency nominal', meaning that they ‘hide' the affects of US Dollar currency fluctuations. Recently...

  Hola Senor Bond Yield Just when things started to settle down following the panic from rising Italian Bond Yields, we saw the fire of fear spread to Spain.  Based on the selloff this morning the market is not pleased.  After rallying up to test the 1200 area in the overnight...

Believe it or not, with all the crazy news coming out of Europe these days it actually sparked a nice rally in the markets this morning. Last night, the overall markets dropped a bit with a weak Nikkei and Hang Seng, but the rally began as the German Dax and other European markets opened. Some...