Market News

ECB: Lender of Last Resort?

The ECB might be constantly rejecting any plans of stepping up its bond purchases, but it certainly has softened its stance about being the lender of last resort! Is it the cure, or just an aspirin to the euro zone debt crisis?

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Contrarian Mode: 3 Reasons to Buy EUR/USD

Depending on how you view the euro, you either see it as a glass half-empty or glass half-full. I’m sure most of you have read tons of articles saying that the euro is going down the drain, so here’s a CONTRARIAN view on EUR/USD and why you should consider building a long position.

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A $1 trillion Merry Christmas, more or less!

The $50 billion in renewed FX swap lines at the beginning of December was a nice stocking stuffer for the eurozone. And you might recall the recent disclosure of the $7.7 trillion that the Federal Reserve loaned out to global banks to stem the impact of the 2008 financial crisis.

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People who succeed have momentum. The more they succeed, the more they want to succeed, and the more they find a way to succeed. Similarly, when someone is failing, the tendency is to get on a downward spiral that can even become a self-fulfilling prophecy.Tony Robbins