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Moody's Investors Service downgraded 8 Greek banks on Friday, citing the banks' exposure to Greek government bonds and a worsening Greek economy. Earlier this year, all of Greece's major banks agreed to a government bond swap that resulted in them reporting billions of euros in losses, which hurt...

The Capitol of Greece was brought to a standstill on Thursday as thousands of public transport workers went on strike in protest of the latest round of austerity measures that are aimed at convincing Greece's international creditors that the country is serious about reducing its fiscal deficits....

It was reported on Tuesday morning that the state-run Bank of China has halted FOREX swaps with several top European banks. The banks included Societe Generale and Credit Agricole, which were downgraded by Moody's Investors Service last week, and BNP Paribas, which Moody's said it will need more...

The markets have responded favorably after five of the world's most important central banks announced a joint effort to provide the banking sector with additional liquidity. As the talk of a Greek default increases, there has been growing concern that Europe's banks might stop loaning to each...

The move by the Fed to provide liquidity to the ECB, Swiss National Bank, Bank of England and the Bank of Japan has boosted EUR/USD in the near-term but is not a game-changer medium-term. The Fed provided a a similar line of credit to the European central banks in 2008. That didn't stop EUR/USD...

The United Kingdom plans to sue the European Central Bank (ECB) over a new regulation that the UK sees as a power grab by France and Germany. The European Central Bank's proposal calls for clearing houses that handle more than 5% of the market in a euro-denominated financial product to be located...

Chinese Premier Wen Jiabao crushed the hopes of many European optimists on Wednesday when he said while attending the World Economic Forum that it was up to European countries to "put their own houses in order" instead of hoping for cash rich China to bail them out. Premier Wen was responding in...

Watching politicians and bankers bickering over a Euro rescue on the back of Eurozone taxpayers for more or less 2 years by now, a group of Germans has staged the first protest in front of the headquarters of the European Central Bank (ECB) on Tuesday. Some 100 protesters, organized by the fringe...

European stocks were near a two year low as French banking stocks took a beating during trading in Europe on Tuesday. There are growing concerns that French banks are facing a liquidity crisis that will worsen if Greece defaults on its national debt. French and German financial institutions are...

There has been growing talk that China will soon increase its purchases of Italian debt in a move that Italian officials hope will drive down Italy's borrowing costs. Italian Finance Minister Giulio Tremonti is said to have met with Lou Jiwei, the head of the Chinese sovereign wealth fund China...

According to the Wall Street Journal, Greece's creditors are expected to release another tranche of money to the debt-ridden country, after the country announced additional taxes to cover a €2 billion shortfall in revenues. You know what? It does not matter. Greece is going to fail soon anyway...

The European Central Bank (ECB) spent a further 14.3 billion euros on bond purchases last week, down from 22 billion in the previous week, as part of the expanded SMP (Securities Market Program).  The purchases of the past two weeks ecli... Go to http://www.SwingTradingDaily.com for full article,...

No matter what happens, the price of gold will increase. If we have another wave of international banking failures and a deflationary collapse, gold will rise as investors flock to it as a safe haven. But if the economy recovers and we actually get inflation from all of the monetary stimulus...

Anemic European growth and concerned central bankers facing a void of policy options ahead of them helped shift sentiment in to reverse gear on Tuesday. Further evidence of a weakening U.S. economy once again cast a light on bullish investors proving them to be the contrarians. U.S. Dollar –...

Anemic European growth and concerned central bankers facing a void of policy options ahead of them helped shift sentiment in to reverse gear on Tuesday. Further evidence of a weakening U.S. economy once again cast a light on bullish investors proving them to be the contrarians. U.S. Dollar –...