Forex, the euro is not helped by the firewall

After you stop looking only to Greece, since after the last aid the country could breathe a sigh of relief now that wobbles dangerously Spain, with Portugal and Italy could still follow the Iberian country. The firewall of the euro area has been strengthened to a sum of 700 billion euros, but it is still not nearly enough if the major Eurozone economies, like Italy and Spain, should you need to be saved. This is a difficult balancing act, given that increasing too much the bailout fund would send a clear message that there are serious doubts about Spain and Italy on economic survival. The calming effect of the firewall market was short-lived. In Forex, the euro has had a beginning of the week is not too interesting, and has lost ground. Unfortunately, the eurozone is suffering from rising...

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Japan New Minister

Japan has appointed a new Prime Minister, the sixth in five years. Already, the former finance minister, Yoshihiko Noda, could formally get the job. The challenges are enormous and Noda faces include primarily the help Japan recover from devastating natural disasters related to nuclear power. The problem is that in Japan there is no leadership, no consistency to follow. According to the final solution could be Noda. The most important issues are the recovery from the tsunami and a too strong yen, which affects the power of the nation and the strength of the Nipponese companies. The politicians up to now have not been able to show any clear direction on what to take in the coming months on. For Japan is at stake in these days could not be...

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Bernanke's speech in Jackson Hole

Those whose expectations were low relative to the speech by Federal Reserve chairman, Ben Bernanke, held in Jackson Hole, were not disappointed. Those who sought a recovery in the words of Bernanke are disappointed, as when the same Fed chairman last year has provided the basis for further purchases by the Fed, what became the QE2, which led to 600 billion dollars purchases of Treasury securities. This year, the Fed chief said in essence that the temporary problems are less to blame than previously thought. The structural problems, particularly in the area of housing, preventing monetary policy to have its usual effect on the economy. Bernanke mentioned the word "tax" 15 times as much "money". The Fed chief said that most of the economic...

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