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 […]
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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
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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
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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
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"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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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
Forex Technical & Market Analysis: April 09 2013 Read More »
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
Best ECN Forex Broker: Key “Qualities” to Keep in Mind Read More »
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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