By Vadim Pokhlebkin
10/7/2011 11:45:00 PM
Did you realize that so far this year, France’s CAC 40 stock index has taken back nearly 2 years’ worth of gains in a mere 7 months? Same is true for the pan-European Eurostoxx 50 index. And, as markets dropped in September, less than 10% of futures traders said they were bullish on the DAX, FTSE, CAC 40 and Eurostoxx 50 in August and September. More...
Filed Under: CAC40, DAX, Elliott Wave trading, euro, european central bank, European debt crisis, eurozone, FTSE, Greek debt, Irish debt crisis, sentiment, soverign debt crisis, Swiss Market Index (SMI), volatility
Category: European Markets
By Debbie Iseler
7/15/2011 5:15:00 PM
The European Banking Authority announced Friday that 8 banks had failed their stress tests and 16 more had narrowly passed. But the results drew much criticism from analysts, who said that the stress test is not strict enough...
Filed Under: brian whitmer, credit crisis, European Union (EU), europe, European debt crisis, European Union (EU), Irish debt crisis, Sovereign Debt, soverign debt crisis
Category: European Markets
By Bob Stokes
6/28/2011 6:15:00 PM
The fact that a substantial percentage of U.S. based money market funds have holdings in European banks doesn't mean a given money market fund will suffer a loss. Yet exposed money market funds may be at risk if the sovereign debt crisis escalates...
Filed Under: conquer the crash, Elliott Wave Theorist, European Union (EU), Greek debt, Irish debt crisis, liquidity, mutual funds, Robert Prechter, safe haven, soverign debt crisis
Category: U.S. Economy
By Bob Stokes
6/21/2011 5:15:00 PM
Will the financial crisis spread from "peripheral" Europe to "core" Europe? Is that the "next phase" of Europe's debt crisis?...
Filed Under: bailouts, credit crisis, credit rating, european central bank, European Union (EU), eurozone, Greek debt, Irish debt crisis, soverign debt crisis
Category: European Markets
By Bob Stokes
6/15/2011 5:15:00 PM
Well before the current round of headlines about the sovereign debt crisis -- our European Short Term Update forecasted higher yields for some debt plagued European countries. See how one of those forecasts turned out...
Filed Under: credit default swaps, credit rating, Elliott wave, european central bank, European Union (EU), eurozone, Irish debt crisis, Keltner channels, market forecasts, Sovereign Debt, soverign debt crisis
Category: European Markets
By Bob Stokes
6/7/2011 4:45:00 PM
America obviously has a debt crisis of its own. This is not to say the U.S. is currently in the same dire financial straits as Greece, etc. -- or that America's economic future will unfold in the same manner. Yet...
Filed Under: bailouts, credit crisis, credit rating, deficit, deflation, European Union (EU), Greek debt, Irish debt crisis, Sovereign Debt
Category: U.S. Economy
By Vadim Pokhlebkin
6/3/2011 6:00:00 PM
When the financial crisis hit hard in the fall of 2008, the Federal Reserve Bank made the now-infamous decision to refuse to bail out the Wall Street giant, Lehman Brothers. Today, the eurozone authorities are losing patience with Greece.
Filed Under: AEX, Bank of England, CAC40, DAX, diversification, Elliott wave, euro, euro stoxx 50, eurozone, euro/USD exchange rate, european central bank, European Union (EU), eurozone, FTSE, Greek debt, Irish debt crisis, Lehman Brothers, risk appetite, Sovereign Debt, Swiss franc, Swiss Market Index (SMI), technical analysis
Category: European Markets
By Vadim Pokhlebkin
5/20/2011 12:15:00 PM
EWI's European Financial Forecast editor Brian Whitmer discusses his outlook for the European sovereign debt crisis and the European Union with Market Wrap radio host Moe Ansari. LISTEN NOW (14 mins.) >>
Filed Under: euro, euro stoxx 50, eurozone, european central bank, European Union (EU), eurozone, Greek debt, Irish debt crisis, safe haven, Sovereign Debt
Category: European Markets
By Bob Stokes
5/5/2011 5:15:00 PM
But after the bailouts of Greece and Ireland, the rally in Europe's bourses seemed like a "pause" button on the sovereign debt crisis. In reality, the "play" button was never turned off...
Filed Under: bailouts, credit crisis, credit default swaps, european central bank, European Union (EU), eurozone, Greek debt, International Monetary Fund (IMF), Irish debt crisis
Category: Global Markets
By Nico Isaac
4/11/2011 6:00:00 PM
Over the past year, the Eurozone's economic crisis has gone from "Call in the professionals" to "Call in a Priest." The countries most in need of their last rites include Portugal, Ireland, Greece and Spain (the four-nation bloc known as PIGS). To wit, Greece's budget deficit continues to soar despite a 110 billion euro bailout in May 2010, while the country's oldest financial institution -- the National Bank of Greece -- today sells its shares for the price of a Happy Meal.
Filed Under: bailouts, credit crisis, Elliott Wave Principle, European Union (EU), eurozone, Greek debt, Irish debt crisis, Wall Street
Category: European Markets
By Vadim Pokhlebkin
4/1/2011 7:15:00 PM
While German and British shares have advanced strongly in 2010-2011, peripheral European markets -- Ireland, Spain, Portugal, Italy and Greece (the proverbial PIIGS nations) -- have trended lower. Even France's CAC 40 and pan-European Eurostoxx 50 sit today where they did in late 2009, 18 months ago...
Filed Under: bailouts, CAC40, DAX, euro stoxx 50, eurozone, FTSE, Greek debt, Irish debt crisis, Sovereign Debt, Swiss Market Index (SMI), technical analysis
Category: European Markets
By Bob Stokes
3/25/2011 12:30:00 PM
"Portugal's government has just collapsed. I've been researching emigration statistics in Ireland and peripheral Europe, and some of the data shows multi-decade extremes. At the same time, the conflict in North Africa is intensifying the anti-immigrant sentiment that has been growing in Europe for years. These two opposing forces are a recipe for..."
Filed Under: Bank of England, CAC40, DAX, Elliott Wave Principle, euro stoxx 50, eurozone, FTSE, Greek debt, Irish debt crisis
Category: European Markets
By Vadim Pokhlebkin
3/9/2011 4:00:00 PM
When you view world events through the lens of the Elliott Wave Principle, things just make more sense. Take the recent political shake-up in Ireland, where Fianna Fàil party suffered its worst-ever election defeat. Up until now, Fianna Fàil was considered the “natural party of government," but now the experts have no better explanation than to helplessly point to “forces of nature” as the reason for the party's stunning defeat. They would get better answers by looking at the economy and the stock market as the measures of the country's social mood.
Filed Under: AEX, CAC40, DAX, eurozone, european central bank, European Union (EU), eurozone, FTSE, Irish debt crisis, Sovereign Debt, Swiss Market Index (SMI), technical analysis
Category: European Markets
By Bob Stokes
2/24/2011 4:00:00 PM
Anyone can wait until a change is obvious. It takes discernment and backbone to act ahead of time, especially when others are acting so normally -- blissfully unaware. A new 32-minute webinar about Europe's financial and economic landscape increases your awareness and helps you prepare for likely changes ahead...
Filed Under: Bank of England, CAC40, euro stoxx 50, euro/USD exchange rate, european central bank, European Union (EU), eurozone, Greek debt, Irish debt crisis
Category: European Markets
By Bob Stokes
2/18/2011 5:30:00 PM
So the question becomes: Is U.S. manufacturing data so influential that within only a few days time, it totally trumps the worries over Europe's debt problems? "No" is the obvious answer. A new 32-minute webinar recording about Europe analyzes what is really driving European market trends...
Filed Under: Bank of England, CAC40, DAX, euro, euro stoxx 50, eurozone, euro/USD exchange rate, european central bank, European Union (EU), eurozone, FTSE, International Monetary Fund (IMF), Irish debt crisis
Category: European Markets
By Vadim Pokhlebkin
1/21/2011 10:15:00 AM
As gold climbed to its December 2010 all-time high of $1,431 an ounce, virtually everyone believed it would only go higher. Well, here we are, a month-and-a-half later. "Madman Bernanke" is still at it. Europe's debt crisis remains fundamentally unresolved. Inflationists are still waiting for a Zimbabwe-like collapse. Yet on January 21, gold fell as low as $1,337 an ounce. WHY?
Filed Under: Ben Bernanke, bull market, European Union (EU), hyperinflation, inflation, Irish debt crisis, quantitative easing, Robert Prechter, safe haven, Sovereign Debt, stimulus package, U.S. Federal Reserve (the Fed)
Category: Gold and Silver
By Vadim Pokhlebkin
12/21/2010 11:30:00 AM
After Moody's recent downgrade of Ireland's credit rating and a fresh warning about Portugal's rating being placed "on review" for a possible downgrade, it's clear that the euro zone credit crisis is not over. For a different perspective on Europe's credit crunch, we invite you to read this free report by Elliott Wave International's European Financial Forecast editor Brian Whitmer.
Filed Under: credit crisis, credit crisis, credit rating, Elliott Wave Principle, euro, euro stoxx 50, eurozone, european central bank, European Union (EU), eurozone, International Monetary Fund (IMF), Irish debt crisis, Irish debt crisis, Sovereign Debt
Category: European Markets
By Vadim Pokhlebkin
12/17/2010 12:30:00 PM
On December 17, Moody's downgraded Ireland's credit rating. The euro declined that day against the U.S. dollar. The financial media blamed the selloff on the bad "non-news" from Ireland. However, when you look at it from an Elliott wave perspective, you begin to see the real reason for the euro's decline.
Filed Under: Elliott Wave Principle, euro/USD exchange rate, euro, European Union (EU), eurozone, forex trading, investor psychology, Irish debt crisis, Irish debt crisis, U.S. dollar
Category: Currencies
By Bob Stokes
12/6/2010 5:00:00 PM
A major sign of eroding confidence is the recent cost of sovereign credit default swaps. Think of this as the cost of "insurance against" a European nation defaulting. The cost of this insurance has been rising, which indicates further deterioration in the already "fragile confidence."...
Filed Under: credit default swaps, deflation, euro stoxx 50, European Union (EU), eurozone, market forecasts, Greek debt, Irish debt crisis, Sovereign Debt
Category: European Markets
Eur-WOE-zone: The European Tinderbox Is Burning
"Iceland isn't Dubai." "Greece isn't Iceland." "Ireland isn't Greece." "The Eurozone isn't Ireland." Well, now it seems that it might be.
By Nico Isaac
12/1/2010 11:30:00 AM
What does the 16-nation Eurozone bloc have in common with -- say -- the American Bald Eagle? Answer: The former just joined the latter on the list of endangered species. Check it: On November 16, the European Union Council president announced that the Eurozone nations -- and the European Union as a whole -- were now facing an official "survival crisis." The lynchpin to the region's continued existence or extinction is twofold:
Filed Under: euro, European Union (EU), eurozone, Greek debt, Irish debt crisis
Category: European Markets