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2012-12-03 09:47 GMT Spain makes formal request for EU funds to recapitalize ailing banks Spain has formally requested aid for its ailing banking sector on Monday. 36.5 billion euros of bailout funds, including 2.5 billion euros for the “bad bank”, are due to be released on December 12. Four nationalized Spanish banks will be the […]
Forex Technical & Market Analysis: December 04 2012 Read More »
2012-12-02 23:07 GMT Merkel no longer discards losses on Greek debt Weekend headlines suggest German Chancellor Angela Merkel may be re-thinking its stance over future Greece’s debt haircuts, after she said on Sunday this is an option to consider, although not until the ongoing rescue program shows Greece’s budget turned into a surplus. Since last
Forex Technical & Market Analysis: December 03 2012 Read More »
2012-11-28 11:24 GMT EU gives the go-ahead to Spanish bank restructuring plan The European Commission announced on Wednesday its approval of the plans to restructure Spain’s four nationalized banks: Bankia, Nova Caixa Galicia, Catalunya Caixa and Banco de Valencia. Vice President of the European Commission responsible for Competition Policy Joaquín Almunia said in the European
Forex Technical & Market Analysis: November 29 2012 Read More »
In an article featured by the Financial Times dated September 26, 2012, writer Alice Ross raised the possibility that the Fed’s new round of quantitative easing dubbed as QE3 may spark a currency war. Other countries, particularly Japan and Brazil have openly criticized the QE3 claiming that it is an intentional ploy by the Fed
QE3 may spark a Currency War as Traders anticipate more CB Intervention Read More »
While millions are currently talking about the upcoming Avengers online game, a few prefer to discuss the latest forex news. Simply put, those who make money though the currency market would never waste time playing an MMO. Indeed, every bit of knowledge regarding the hottest developments in the world of forex allows traders to foresee
Various Currencies, Different Developments Read More »
The US dollar traded lower against most other major currencies following bullish forex news that caused prices to rise to the point where traders began profit taking by selling the greenback, erasing its earlier gains. In September 26 Asian trading, the EUR/USD reached 1.2906, a 0.05% increase. The currency pair breached the 1.2000 mark and
US Dollar Trades Lower Against Euro Following Profit Taking on Bullish Forex News Read More »
This week really shows just how volatile the Forex market is. Just a few days back, the United States dollar and Japanese Yen were gaining ground due to the recent setbacks of the Aussie and Euro, especially the Euro. Right now though, the UK pound is the one stealing the spotlight and being targeted by
UK Pound Leads as Eurozone Stuck in Limbo Read More »
Without a doubt, while most people are currently remembering Andy Williams’ signature songs, quite a few remain focused on discussing the hottest forex news. Indeed, while the iconic crooner’s death is truly saddening, it would still be necessary to pay attention to the developments in the world of forex so as not to end up
All about Currencies and Officials Read More »
It’s official: SAT and ACT results prove to show that high school students, on the average, all over the US do not have enough skills to make it through college. The disappointing college entrance examination results is not just a big announcement in connection to the state of the Union, it is likewise a big
SAT, ACT Results out Already, State of Education Affects Market Volatility Greatly Read More »
USD Continues its Gains thru Risk Aversion and then Some Several trading days prior, some economists dismiss the continued gains of the US dollar (USD) as more a product of risk aversion and a weakness of the EURO. However with several USD indicators performing better than expected, it would seem that the USD as a
Global Forex News Center Read More »
