Trading the News: U.K. Jobless Claims Change
What’s Expected:
Time of release: 05/18/2011 8:30 GMT, 4:30 EST
Primary Pair Impact:GBPUSD
Expected: 0.0K
Previous: 0.7K
DailyFX Forecast: -1.0K to 2.0K
Why Is This Event Important:
U.K. j
19 Jul
Posted by: Joshua Gibb in: Forex Analyzer
The single currency continued to edge higher as investors gained confidence that EU leaders are getting closer to reach an agreement on settling Europe’s debt crisis. German Chancellor Angela Merkel changed her tone as she said Thursday’s special summit of EU leaders will agree on a new Greek bailout package, Merkel will have a dinner meeting with French President Nicolas Sarkozy later today (around 15:GMT) in Berlin which hope to help reaching a resolution on Thursday when she travels to Brussels for the emergency meeting. Growing optimism on Thursday’s summit to form a concrete Greek bailout plan has given the single currency a boost. Trade
It appears as though the EU ministers’ main concern was to come up with something, anything, that would settle the markets and effectively ring-fence Greece so that contagion of debt concerns did not occur. The summit therefore did not disappoint with an agreed Euro 109 billion bailout emerging for Greece and statements that the European Financial Stability Fund would potentially be able to purchase sovereign debt in the secondary market and also have the ability to recapitalise Eurozone banks should the need arise. I
19 Jul
Posted by: Caitlin Mirams in: Forex Tips
In what are difficult times for a great many beleaguered homeowners, news that the government has initiated a series of rulings that step up protection of mortgage holders will be eagerly received. Since they affect so many people, Spanish nationals, foreign residents and second homeowners alike, it is important to keep up to date with changes in the laws, and how they affect us.
On Friday July 1st Deputy Prime Minister, Alfredo Pérez Rubalcaba approved several measures aimed at improving the financial situation of mortgage holders.