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Draghi's speech along with quite honest comments on the present situation, traditional Greek problems, and negative American statistics can be considered as the main tone of the last week. The main keynote of the ECB President's speech was inflation as the "remedy" for all economic maladies. The so ... Lire la suite

As it was expected, British pound was the celebrity of the previous week, although the results turned out to be better than expected. Doubts were based on the Conservative’s active criticism of the reserved policy, noninterference in a number of problems, and weak economic data. However, in the long... Lire la suite

It was not the weak US report or weak-willed Japanese policy that were the main drivers of the week, it was not even bleak FOMC comments, but rather a panic on the German bonds market. Pairs with EUR showed the biggest growth, but it was not because of a large volume of bearish positions, it was due... Lire la suite

Active sell-offs of the American dollar have been going for the second week - those are the results of impressions caused by weak macro economic data. The statistics on orders regarding long-term use commodities was the last straw - the whole 4% growth was caused by defense contracts without which t... Lire la suite

So it happened - IMF has refused to grant Greece a delay in the regular debt repayment. There comes a moment that everybody anticipated. Greece's rating was lowered, banks received secret orders to get rid of Greek assets, reduce the volume of loans and deposits. Greece has run out of money. It has ... Lire la suite