Week in FX Europe Spain holds on Bailout Request

Last week Spanish Finance Minister de Guindos stated that Spain doesn’t need a bailout. That statement was met with laughter, but to his credit Spain has not asked for a bailout… this week. During the IMF – World Bank forum in Tokyo this week de Guindos made sure to dispel the rumors in the market about any political pressure on Spain not to ask for the bailout.

During the IMF – World Bank annual meeting the head of the IMF and some officials from the European Central Bank and European Comission got into a difference of opinion about how to proceed with Greece. The IMF would prefer an extension to the agreement along a haircut on the debt. ECB and EC would like Greece to honor the agreement and no haircut.


  • ALL IMF – World Bank Annual Meetings
  • CNY Consumer Price Index
  • USD Advance Retail Sales
  • NZD Consumer Prices Index
  • AUD Reserve Bank Board – October Minutes
  • GBP Core Consumer Price Index
  • EUR Euro-Zone ZEW Survey
  • EUR Euro-Zone Consumer Price Index
  • USD Consumer Price Index
  • GBP Bank of England Minutes
  • GBP Jobless Claims Change
  • EUR German Producer Prices
  • CAD Consumer Price Index

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza