2013-04-11 04:30 GMT Fed Minutes: QE to continue at least until midyear Minutes from the Fed monetary policy meeting held on 19 and 20 Mach and unexpectedly released several hours earlier than scheduled, revealed that the FOMC members continued discussing the ongoing 85 billion dollar QE program and when should it be abandoned. According to […]
Forex Technical & Market Analysis: April 11 2013 Read More »
Moody’s rating agency announced today that it maintains a negative outlook on Spain’s Baa3 credit rating. One of the main reasons for this decision was the agency’s conviction that the country will fail to reach the 4.5% deficit target fixed by the EU. In Moody’s opinion, Spain will only manage to bring down its deficit
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2012-04-09 07:00 GMT EUR/USD lower in Asia, holds above 1.3050 EUR/USD is currently recovering at 1.3061 from fresh 3-week lows at 1.3034, reached ahead of a better than expected CPI figures in China year to date, showing an increase of +3.6% vs +3.3% expected. Risk off sentiment is present in Asia with Australian markets closed
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It cannot be denied that countless aspiring traders have one question in mind: what are the key advantages of relying on the best ECN forex broker? Essentially, forex agents who make use of electronic communications networks do have an edge in terms of speed, rate, and accuracy. Indeed, it would be appropriate to say that
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2013-04-08 04:20 GMT Portugal to slash spending after court ruling setback Following the Portuguese constitutional court decision last Friday, in which certain austerity measures from the 2013 budget were rejected, Portugal's Prime Minister Pedro Passos Coelho said on Sunday the government will implement further cuts to compensate the unexpected budgetary setback, so that it can
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The shared currency is closing the week with strong gains, currently hovering over 1.3015/20 after hitting weekly highs in the boundaries of 1.3040. Recall that the euro found increasing buying interest on Thursday soon after hitting 2013 lows around 1.2740, and then initiating a sharp ascent reinforced today by the horrible data from March US
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2013-04-04 05:30 GMT IMF will lend 1 billion euros to Cyprus The IMF announced on Wednesday that its contribution to the Cyprus bailout would amount to 1 billion euros. It has also presented the harsh conditions of the aid. These include increases in taxes: the corporate tax is to be raised from 10% to 12.5%,
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2013-04-03 06:00 GMT Cyprus FinMin steps down after finalizing bailout deal Cypriot finance minister Michael Sarris submitted his resignation on Tuesday, just after concluding bailout negotiations with Troika officials. Labor minister Haris Georgiadis has been nominated to the post shortly after. According to the Greek newspaper Kathimerini, other changes in the Cypriot government might follow
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2013-04-02 06:00 GMT Spain will revised down its 2013 GDP forecast to -1.0%; Negotiating new deficit target Spain is discussing with the European union a new 2013 budget deficit target around 6% of the GDP, the current target is 4.5%, according to a Reuters information citing Spanish officials sources. The Spanish government needs to renegotiate
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