Saturday, March 3, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Fed’s Bullard on the Wires

Posted: 02 Mar 2012 09:57 AM PST

Says:

  • U.S. Economic data ‘better than expected’
  • Fed never takes anything ‘off the table’ on policy
  • The probability of a serious meltdown in Europe has weakened
  • The fed rate will rely strongly on economic performance
  • U.S. still faces risks from Europe crisis
  • $4 dollars for gasoline not slowing consumers down
  • $5 dollars for gasoline would change priority of many drivers
  • Progress shown in Europe on “fiscal pact”
  • U.S. could weather a recession in Europe
  • Does not want to ‘reinflate’ U.S. housing bubble

 

 

IMF on the Wires Regarding Irelands Future

Posted: 02 Mar 2012 08:05 AM PST

Beaumont says:

  • Risks on high side for Ireland
  • Estimates Ireland needs 14 billion in market funding in 2013
  • ‘Sufficient’ Irish market return in 2013 uncertain
  • Irish debt sustainability ‘remains fragile’
  • Irish economy faces great struggles
  • ‘Lot of consensus’ among troika on Anglo Irish notes
  • Anticipates no impact from treaty campaign on program
  • Urges enhanced support for Ireland from Europe

IMF says Ireland return to debt market in 2013 uncertain

Posted: 02 Mar 2012 08:01 AM PST
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