Tag: eurozone

Economic Uncertainty Benefits Futures Traders

In these times of great economic uncertainty, Germany is in the spotlight as the country assumed to take part in saving its debt-ridden Eurozone counterparts from total collapse. Due to a weakening Euro, German exports became more attractive to the world marketplace. Investors, noticing the decline of Greece and Italy, then invested in Germany. This transfer of money has made borrowing much easier in Germany compared to other Eurozone countries. In many ways, the European debt crisis has made many Germans wealthy; however, there is concern about its financial role in assisting the country’s less fortunate neighbors. Italy’s newly appointed...

MF Global Bankruptcy – A Concern for Day Traders?

As of midnight on Monday, MF Global, a brokerage firm, was about to be acquired by Interactive Brokers due to MF’s irrecoverable position. The deal fell through and MF Global has filed for bankruptcy. More surprisingly, at the final hours of the original deal’s negotiation, MF Global disclosed that approximately $700 million dollars in customer money is missing. In many cases, the announcement of missing money during acquisition talks is considered normal; however, the amount in question is much higher than expected. As the investigation is still underway, additional money is expected to trickle in to reduce the unaccounted for...

Day Trader Leaves BBC Host at a Loss for Words

A professional day trader offers his opinion on where the global economy is headed, particularly the Eurozone Rescue Plan effects (or lack thereof). Many regard his views as pessimistic, as he believes another recession is underway, partially led by fear-driven markets and the heavy-handed financial players (Goldman, JP Morgan, etc.). His views take many non-traders by surprise – he speaks rather candidly compared to the canned responses seen on most mainstream media outfits. There has been some discussion on various forums that criticize this trader’s integrity – is he perhaps trying to sway the market in his favor by injecting...