Analyn Forex Introducing Broker

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THE BIG PICTURE
20/01/2015

THE BIG PICTURE

17/01/2015
31/10/2014
Here’s a chart from the Economist based on estimates from Deutsche Bank. Different firms may of course have different es...
17/10/2014

Here’s a chart from the Economist based on estimates from Deutsche Bank. Different firms may of course have different estimates.
It shows that almost all major oil exporters are in trouble at these levels, even Saudi Arabia. In theory this should encourage OPEC members to come together and reduce output in order to boost prices. In fact however it implies more cheating on quotas and an even lower oil price.

The graph is from http://www.vox.com/2014/10/14/6975977/which-countries-suffer-most-when-oil-prices-plummet

11/10/2014
Main points of the ECB President Draghi’s speech:·         The covered bond operation will start in October and the asse...
05/10/2014

Main points of the ECB President Draghi’s speech:
· The covered bond operation will start in October and the asset-backed securities (ABS) program will begin in Q4 of this year. Both of these programs will run for two years, and substantially increase the ECB’s balance sheet (but he avoid several times to provide a specific size).

· He also said that the ECB Governing Council is unanimous on the use of additional unconventional measures if necessary.

· On Greek and Cyprus non-investment grade bank loans he said that they could accept ABS from those countries but they must have a programme with the EU and the assets bought there will be risk-equivalent to assets bought elsewhere.

· The exact details of the ABS/covered bond program will be published later in the day.

· EUR/USD advanced approximately 0.60% during the speech but gave back half of its gains near the end of the press conference to trade near 1.2660 again.

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50 Glastanos
Limassol
3340

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+639 329 507 057

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