18 Feb
Posted by: Bethany Colton in: Forex Analyzer
The main story yesterday was that the EU Commission threatened Hungary with suspending some €0.5bn from the cohesion funds or 0.5% of GDP from 1 January 2013. The reason is that Hungary has not been complying with the EU’s 3% of GDP budget deficit rule since it joined the EU in 2004.
Strictly applied this is not the case because last year the balance was a 3% of GDP surplus because of the one-off revenue from pension funds. This year the Commission also expects the deficit below 3% of GDP, albeit a bit higher than the government’s 2.5% of GDP target. Hence Read more…
16 Feb
Posted by: Joshua Gibb in: Forex Tips
Trading currencies online is a nice way to earn big profits. Meanwhile, it has remained one of the most lucrative means by which investors make real cash. In order to learn the business of trading, it is expected that you know some fundamental aspects of currency trading. This article intends on sharing with you some of the tips that are applicable in the forex market.
Furthermore, your success in the currency trading market is dependent on what you understand and how rightly you apply some of these concepts.
12 Feb
Posted by: Bethany Colton in: Forex Analyzer
EURO, JAP YEN and EUROYEN
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USDCHF @ 0.9175/78…Ranged
R: 0.9185200 / 0.925060
S: 0.912000 / 0.9060
DollarSwiss remains silent. The broader 0.91009250 sideways range remains intact. While below 0.9200, a test of 0.912000 on the downside is possible. A break below 0.9100 can take it further down towards 0.9060. The rally failed to extend to trigger our Limit Buy order.
The market thinks the Greek government are finally close to a deal with private and official sectors judging by the late afternoon surge in the Euro yesterday. The Euro-Dollar pushed back above 1.32 driving Sterling –Euro back through 1.20 and cable above 1.59. Whether this turns out to be the good news that the market is currently expecting, or another short term rally followed by a painful pull back remains to be seen, but there is reason to remain sceptical given the number of times over the last two years news about a Greek rescue deal moved the market in exactly the same way; Euro positive on the rumour, retracement on the fact. T