LONDON, Dec 8- Daily turnover in the foreign exchange market fell 6 percent to $5 trillion a day in October, as trading in the yen and the euro declined, an analysis by the Bank for International Settlements showed on Sunday.» Read More
Credit default swaps (CDS) will be looked at closely to ensure transparency but they aren't necessarily going to be banned, EU Financial markets commissioner Michel Barnier told CNBC.
Of all the regions in the world, Bhaskar Laxminarayan, chief investment officer at Pictet Asia, told CNBC he has the least confidence in Europe right now and warned that there could be more negative surprises coming out of the region.
The recent dollar rebound is becoming an "overcrowded trade," but there is a "final oomph to come," Robin Griffiths, technical strategist from Cazenove Capital, told CNBC Monday.
If EU nations want to sustain a currency union with Germany, they have to implement economic and budgetary changes that bring their performance into alignment with Germany, according to Marc Ostwald, strategist at Monument Securities.
The euro is set to remain weak against the dollar as the currency wipes out nearly all the gains it built during 2009, Royce Tostrams, technical analyst from Tostrams Groep told CNBC Friday.
The American markets are reacting to the country’s problems the same way they did health care. Cramer explains why that is wrong.
The risk of default for Greek debt is priced much higher than that of Eastern European countries like Romania or Turkey. But Greece is rated investment grade while the two Black Sea countries are rated below investment grade.
Considering stocks are trading near 18-month highs should you run for the exits or hold your breath and buy?
The Dow is now up 10 out of 11 days and within striking distance of 11,000. Will the melt-up propel us over this milestone?
Opinion polls suggest Angel Merkel’s coalition will lose control of the German Senate in regional elections on May 9. No wonder she wants to fire a populist shot at voters. But in refusing to underwrite a few billion euros of Greek debt the Chancellor is playing with fire.
Considering the Dems got one piece of sweeping legislation through Congress, will they able to do it again?
Sterling is undervalued against the euro. Just about every trading desk that I talk to seems to think so. However, very few of them tell me that they will be willing to back the pound until the general election is over.
After weeks of backing a European rescue for the financially troubled Greece, Germany shifted course on Thursday, signaling that help should come from the International Monetary Fund rather than Greece’s neighbors, the New York Times reported.
The markets have created their own gold standard because of uncertainties regarding other asset classes, Marc Faber, author of "The Gloom, Boom and Doom Report," told CNBC Thursday.
Let me introduce you to Chermany, a composite of the world’s biggest net exporters: China, with a forecast current account surplus of $291 billion this year and Germany, with a forecast surplus of $187 billion.
The recent weakness of the euro against the dollar is set to change and the euro could rise to $1.45 in the next two weeks, Chris Zwermann from Zwermann Financial told CNBC Wednesday.
The euro is unlikely to still exist as a currency over the longer term, the pound will fall substantially in the next few years and US Treasurys and some real estate in China are the world's two current bubbles, legendary investor Jim Rogers told CNBC.com Wednesday.
Germany’s trade surpluses built on holding down labor costs may be unsustainable for the other countries in the eurozone, France’s finance minister said in an unusually blunt warning to Berlin.
Greece’s patchwork system of early retirement has contributed to the out-of-control state spending that has led to Europe’s sovereign debt crisis. The New York Times reports.