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Why I’m Not Buying the Greek ‘Austerity’ Myth Bill Bonner in Paris, France Friday, July 17th, 2015 Protesters gathered in Syntagma Square in Athens last night… They were remonstrating against the cruelty of life in general and, more specifically, the deal their government made with its creditors...
What’s Good For the Commonwealth Bank… Why Australia’s economy is so structurally unsound Where will the next crisis be? Bribes and payoffs By Greg Canavan in Albert Park...
W1 price is located above 200-period SMA and below 100-period SMA for the primary bullish market condition with secondary ranging between Fibo support level at 126.08 and Fibo resistance level at 141.05: 38.2.% Fibo level at 135...
Although the Greek parliament accepted austerity measures preventing the country from an immediate default, there are still considerable risks ahead, notes ratings agency Moody’s. Greece’s fiscal strength was “low” and the potential to reduce its debt burden was not clear...
The euro exchange rate complex remains under pressure on news that the ECB will keep its monetary policy unchanged...
Current trend As it was expected, after the correction to the lower border of the ascending channel, the USD went up again. At the end of the last and in first half of this week the "bullish" sentiment prevailed in the pair...
The euro fell to fresh six-week lows against the dollar on Thursday after the European Central Bank stood pat on its monetary policy. Meanwhile, fresh data from the U.S. signaled the number of people who filed for unemployment assistance in the U.S...
ECB President Mario Draghi has confirmed that the central bank left rates unchanged. Besides that, he commented on the ongoing asset-purchase program, as well as liquidity for Greek banks...
1. At the center or first level of the market is something known as the Interbank market. While technically any bank is part of the Interbank market, when an FX Trader speaks of the interbank market he or she is really talking about the 10 or so largest banks that make markets in FX...
On Thursday the euro dropped to an eight-year trough against the pound, as sentiment on the single currency weakened before the European Central Bank's press conference and as Greece remained in focus. Meanwhile, expectations for a rate hike in the U.K. spurred demand for sterling...
The Bank of Canada (BoC) has cut interest rates further allowing the pound sterling to rocket to its best level since 2008. The Canadian dollar exchange rate complex (CAD) fell sharply after the Bank of Canada announced an interest rate cut of 0.25% on the 15th of July 2015...
By Nial Fuller Being a successful trader isn’t easy. In addition to sickening discipline, patience and passion, it requires the kinds of habits that most people simply don’t possess...
On Thursday crude-oil futures logged small gains, though still trading near three-month lows after posting sharp losses in the previous session on concerns over U.S. fuel demand and a global supply glut...
Violent clashes broke out while the Greek parliament was voting on wide-reaching reforms that are a condition of a third bailout from creditors. Late Wednesday, the austerity bill that will pave the way for financial aid worth 86 billion euros was approved with 229 votes in the 300-seat chamber...
W1 price is located below 200-period SMA and below 100-period SMA for the primary bearish market condition with secondary ranging between 61.8% Fibo support level at 1.0843 and Fibo resistance level at 1.1466: 50.0% Fibo support level at 1...
Gold prices held near multi-month lows Thursday amid receding concerns over Greece's debt crisis and amid mounting expectations of a Fed rate hike later this year...
On Thursday the euro was weaker against the greenback and the yen, with investors becoming aware of monetary policy divergence in the U.S. and the eurozone...
On Thursday the Australian dollar and the euro were lower in Asia trade as investors looked ahead to the timing of a likely Federal Reserve rate hike later in 2015. Meanwhile in Europe, Greece passed an austerity bill late on Wednesday in a fiery session of parliament...
Danske Bank is the 3rd bank estimating the EUR/USD to be around 1.02 - 1.04 at year-end. This bank explained it by 3 reasons: "Firstly, the Greek contingent deal implies that the saga continues...
