Posts Tagged ‘ year ’
Greek Central Bank Governor George Provopoulos in an interview to FT Deutschland stated that Greece would be able to raise funds it needed to finance its deficit given the strength of last week’s 10 year Greek government bond auction. He also expressed confidence that financing costs would decline in the future and noted that he [ READ MORE ]
It is commonly believed that March tends to be a positive month for the Japanese Yen because of the fiscal year end in Japan. Tax incentives and the desire to window dress their balance sheets usually encourage repatriation by Japanese corporations. [ READ MORE ]
The EUR/USD rallied to reach session highs as news of Greek austerity plan began to trickle out to the market. According to Dow Jones newswires, the Greek government will increase the VAT tax to 21% from 19%, freeze all pension payments and reduce civil service wages by 12% in an effort to control its growing [ READ MORE ]
A probative night of trade in the currency market during the first session of the week as risk FX tested key levels in late Asia on the weaker than expected Chinese PMI data only to recover some ground after EZ results beat forecasts. Chinese PMI Manufacturing which printed at 52.2 versus 55.4 the moth prior [ READ MORE ]
The U.S. dollar posted its sharpest decline versus the euro today despite a gross domestic product report published today showed growth in the North American economy for last year’s final quarter. Existing home sales slid much beyond forecasts, allowing the euro to pare a good amount of this week’s losses. EUR/USD currently trades at 1.3674. Preliminary GDP report for last year’s fourth quarter showed a growth of 5.9%, from the previous [ READ MORE ]
It is the Year of the Tiger and to celebrate, Chinese markets are closed for the entire week. Here in the U.S., markets are also closed in observation of Presidents Day. As a result, it is expected to be an exceedingly quite trading day, which gives us the opportunity to contemplate the recent [ READ MORE ]
Currency markets operate in funny ways. Greece’s fiscal problems are hardly a new development. During years of boom and bust alike, it ran unsustainable budget deficits. Why investors have decided to fret now – as opposed to last year or next year, for example – on the distant possibility of default, is somewhat mysterious. After all, [ READ MORE ]
Forex trading has become a very popular way of making money that is why it also caused developing and spreading lots of Forex trading systems or robots. More and more new traders see a new Forex robot claiming that it will make you huge gains without any effort and for a reasonable price. There are [ READ MORE ]
The G7 meeting over the weekend produced no concrete proposals on the resolution of the Greek crisis leaving the currency market adrift at the start of the Monday trade. The G7 officials also discussed the possibility of an additional 15bp tax on the financial sector to help raise revenue after last year’s massive fiscal stimulus [ READ MORE ]
The last time I’ve written about the gold bubble was almost a year ago when the commodity has been trading near its all-time high at $941/ounce. Since then, the gold managed to reach a new historical maximum at $1,226/ounce and retrace to near $1,050/ounce. So, what’s the current situation with it? Is it still a bubble? Is it already bursting? Is gold going to go up even higher? When [ READ MORE ]
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