“We expect and we are confident that the Greek government will take all the decisions that will permit it to reach that goal,” Trichet said. A statement made earlier, but reiterated by EU members of the G7 this weekend. In addition, EU members spent time trying to reassure non-EU members that Greece’s (Portugal ’s, Spain [...]

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Consolidation Day For FX Pairs

On February 8, 2010 By

G10 Advancers and Decliners vs USD CHF 0.66 EUR 0.51 GBP 0.19 JPY -0.02 It has been a range-bound session for the majors as a lack of economic releases coupled with the absence of new sovereign debt headlines allowed risk assets to stabilize somewhat. For now, the panic element that had fuelled EURUSD’s plunge has [...]

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Weekly commodity update
The early February rally was brutally halted as renewed dollar strength and growing strains in sovereign debt markets weighed on sentiment and prices. On Thursday Portuguese…

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A former Ponte Vedra Beach financial broker accused of bilking mostly elderly investors of $2 million in a Ponzi scheme is set to appear in federal court today for a plea hearing, according to court records filed last week.

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