2013-04-30 09:00 GMT The Fed will most likely keep its policy unchanged On Monday, global core bonds easily recouped an early session dip triggered by the formation of an Italian government, which received the confidence of parliament yesterday. Furthermore, equities kept a positive tone and closed with moderate gains. However, core bonds ignored equities and […]
Forex Technical & Market Analysis: April 30 2013 Read More »
2013-04-29 07:00 GMT EUR/USD – The week we’ve all been waiting for? ECB and Fed meetings on tap EUR/USD has started the week off on a strong note, benefiting from the headlines that Enrico Letta has been elected as the new Italian Prime Minister. At one point earlier in the session, the pair had traded
Forex Technical & Market Analysis: April 29 2013 Read More »
2013-04-25 05:00 GMT Enrico Letta named Italian PM Italian President Giorgio Napolitano, who was reelected to the post last weekend, has given the mandate to form a government to center-left deputy leader Enrico Letta on Wednesday.After accepting the nomination the new Italian Prime Minister said that he would form "a government of service to the
Forex Technical & Market Analysis: April 25 2013 Read More »
2013-04-22 03:52 GMT Japan escapes censure on the G-20 meeting he G-20 communiqué provied little fresh headlines to market participants, with the main take away on FX-relate news being the permissive stance towards Japan's monetary policies to beat deflation. The G20 communiqué is basically echoing the same position by the G7 back in February. As
Forex Technical & Market Analysis: April 22 2013 Read More »
Forex trading management is a very complicated system. Knowing your way around Forex trading can be tricky. A keen understanding of how to earn in forex trading is needed to be a successful trader. If you know how to manage your assets well, you may be successful without even losing money in your entire experience.
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2013-04-18 05:50 GMT Weidmann opens the door to an ECB rate cut and foresees a lost decade in Europe Jens Weidmann, the Bundesbank’s president, has affirmed that the European Central Bank could cut its interest rates if economic data continues worsening, according to an interview published by WSJ. Market has been speculating about the possibilities
Forex Technical & Market Analysis: April 18 2013 Read More »
2013-04-17 05:45 GMT IMF cuts global growth for fourth consecutive time, European recession likelihood 50% International Monetary Fund (IMF) trimmed its global growth forecast and urged European policy makers to use “aggressive” monetary policy as a second year of contraction leaves the euro area’s recovery lagging behind the rest of the world. The global economy
Forex Technical & Market Analysis: April 17 2013 Read More »
2013-04-16 03:28 GMT Portugal unveils new austerity measures to appease the Troika Troika inspectors arrived in Lisbon on Monday in order to carry out the seventh review of the country’s bailout program, since it had received 78 billion euros of aid in 2011. Portugal had to come up with new austerity measures to meet the
Forex Technical & Market Analysis: April 16 2013 Read More »
2013-04-15 03:50 GMT Eurogroup releases statement on Cyprus Eurozone finance ministers, who are holding talks in Dublin today, have released a statement on Cyprus in which they assure that the country has met all the requirements, allowing for the bailout deal to be completed. According to the document: The Eurogroup notes with satisfaction that the
Forex Technical & Market Analysis: April 15 2013 Read More »
"Wow, has anyone else noticed that when the EUR/USD goes up the USD/CHF goes down?" is a 'Eureka' announcement often made by new traders when they first stumble upon basic correlation. In some respects it's a good sign, it displays awareness. However, as many forex traders will testify if it's that easy we'd simply wait
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