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Stocks Fall on Trichet’s Spending Remarks

Posted by Scott Boyd at 9:11 am EST, 11/20/2009

European Central Bank President Jean Claude Trichet caused a ripple in US stock index futures this morning when he stated that governments will scale-back stimulus spending. Futures on the Standard & Poor’s 500 Index slid 0.8 percent at 7:18 a.m. in New York, while Europe’s Dow Jones Stoxx 600 Index dropped 0.9 percent. “Not all our liquidity measures will be needed to the same extent as in the past,” Trichet said at a conference in Frankfurt today. “Any non-standard measure whose [...] read more

Filed under: Forex Round Up, EUR

Eurozone Out of Freefall Says Trichet

Posted by Alfonso Esparza 9:56 am EST, 11/18/2009

In an interview with French journal Le Monde the European Central Bank President was asked the following question: The euro area economy grew by 0.4% in the third quarter. Is the crisis over? After the second quarter figures, which were still slightly negative, this positive growth confirms that we have indeed come out of the period of free fall which characterised the six months following the collapse of Lehman Brothers. The figures confirm our baseline scenario, that of a progressive and gradual [...] read more

Filed under: EUR

MarketPulseFX interview

Posted by Alfonso Esparza 1:48 pm EST, 11/18/2009

Earlier this month the OANDA MarketPulseFX team had the opportunity of being interviewed by Hillel Fuld over at dailyforex.com. The interview gave us a chance to reach a more diverse pool of traders and to give them an insight into into what goes behind the scenes at the blog. Here is a sample from the interview: Why should someone read your blog? “The key thing we try to keep in mind is that not everyone – especially those engaging in part-time currency trading [...] read more

Filed under: USD, EUR, GBP, CHF, JPY, AUD, CAD

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Stocks Fall on Trichet’s Spending Remarks

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