Forex & Tradings

before the EU summit tomorrow, the ECB president Trichet issued a plea to get to time with the EU, mainly due to their collective act together. Among other things, called for maximum flexibility and capacity for EFSF (in other words, take on a larger pool capable of the task of the sovereign purchase suspicion euro area ECB), for reform of the EU budget calls are not quantum leaps required by the ECB grounds that penalties for criminal tax should be applied almost automatically and suspensions are entitled to vote. He said the ECB is not like the idea of E-bonds. It was a very strong statement of the President of the ECB is usually more careful. In short, Trichet warned that monetary union will not work without the fiscal rules. Many analysts and investors who would agree with him. ? Further capital calls ? Greek banks have the liquidity in the ECB, the agency increased last month ? Fed holds rate, very stable after the meeting ? Belgium rating outlook revised to negative by S & P - Moody's Spain is part of the review ? The U.S. economy is very strong in the 4th Quarter ECB may need more capital. It appears that the European Central Bank in talks with officials of the finance ministers of the euro zone by increasing the former capital. Late last year, the ECB's subscribed capital? 5.76bn on assets of around? 138bn. The application of more capital is perfectly understandable that the ECB is to protect against potential losses from asset purchase program. So far, the ECB has bought? 72bn euro zone government bonds as part of the program almost exclusively Irish, Portuguese and Greek government bonds. One suggestion is that the ECB has doubled its capital cushion. Germany is very likely to support the request - in fact it is likely that federal banking officials have suggested. The problem is that a number of governments and central banks in the euro area are significant financial pressures and as such would fight to make additional contributions. Greek banks more on ECB funding last month. loan, according to the Bank of Greece, the Greek banks? 95 billion by the ECB as part of its liquidity injections in November in comparison? 92.4bn the previous month. This follows the news on Monday that the Irish banks borrow? ECB 136.4bn last month compared with? 130 billion in October, and that banks additional problems in Ireland? 10 billion its own central bank in the same month. Although Greek banks have had some minor success raising funds, banks are increasingly pulling back due to falling retail deposits as people their deposits in Greek banks, either for security reasons or because they have to keep the money concerned about their living standards. Greek banks have lost? 27.5bn in deposits in the first 11 months of this year. Interestingly, the experience of the Portuguese banks a bit different - hold the tanks in recent months increased Fed steady course .. last night at the meeting of the Fed sees no change in policy (no surprise), with changes in the state proves to be marginal. Therefore, it is a case of "how you were." S & P perspective chops in the Belgian credit rating, Moody put Spain's year. Belgium returns came under pressure on Tuesday to cut S & P's outlook for the country's rating of AA + credit rating from stable to negative, citing the ongoing political uncertainty. PORK bonds extends to government bonds were at 5-10BP by day. Meanwhile, Moody's in Spain made Aa1 rating under review, but said he believes that Spain "as a claim much stronger than in other crisis regions, countries in the euro zone." However, the euro is a little weaker on in the news the early European session. U.S. economy remains healthy. The flood of good news about the U.S. economy continued on Tuesday. Retailers reported a fourth consecutive increase claw, 0.8% in November increased after an increase of 1.7% in August on an annual basis, retail sales by 9.2%. A CEO Economic Outlook survey, the Business Roundtable showed that trust between the leaders was the highest increase since early 2006 in the T4, with 80% expecting sales to six over the next few months. Not surprising was the strength of the figures for the retail (which were very impressive) new impetus for the dollar fell from 1.35 to under � 1.34 and the cable from the top down at 1.59 to 1.5750. Treasury yields rise again, playing 10-year yield 3.35%, compared to 3.25% on Monday. Some commentators have begun to wonder whether the Fed has to continue with his full commitment of 600 billion U.S. dollars of the QE2. The Declaration on the FOMC meeting last night confirmed that economic conditions had since the last meeting in November, when the decision was taken on the QE2 implementation improved. UK inflation remains very high. Despite the popular belief of many economists that the UK believes that the large reserve capacity and declining real wages, reduced prices, inflation remains stubbornly high in this country, according to latest figures from the ONS. The CPI rose by a further 0.4% from the previous month in November, exceeding expectations, an increase of 3.3%. Core CPI remains at 2.7% yoy. November result was negative with a 1.3% increase in food prices, which affected out of a 2.5% increase in seasonal food. Clothing and footwear prices increased again significantly, by 2.2% month. 2072