Thursday, June 7 2012, the Spanish Treasury watched closely as they held a bond auction, where it manage to sell €2.0740 billion. This bonds maturing in year 2014, 2016 and 2022 out of €1 to €2 billion mark, 3.290 was the bid to-cover-ratio.Read More →
Reports from BBH point out the require for a new memorandum about understanding separately the outcome of Greece’s upcoming election. Primarily, the 2 major sources of the country’s revenue, the tourism and shipping are greatly damaged.Read More →
In Forex trading you have the versatility and flexibility to choose amount of leverage that suits your money management and trading style. Leverage has the ability to increase the size of your earnings or losses by the exact same degree.Read More →
During the last quarter or so not good news about the sovereign crisis of Eurozone had put difficulty on the euro money and raised the risk aversion, based on the statement of Lutz Karpowitz, a Commerzbank market analyst.Read More →
Euro has been falling for months, and again the single currency falls today against the sterling pounds. After the announcement of the German’s producer price index, its average lost is 0.05 per day.Read More →
We are now gaining 50+ pips, as the EUR/USD pair continues to drop, leaving a nice downtrend pattern. The week ends with the major currency pair pricing at 1.2920 – 1.2925, the same opening price zone. The pair bottomed at 1.2905 and bounced back to 1.2950.Read More →
Boosted by better than expected data release about the unemployment rate in Australia, the Aussie market closed higher. The Australian Bureau of Statistic announced a 15.5 thousand rise of employed people in Australia, the unemployment rate surprisingly dropped to 4.9% for the month of April, March it rose to 5.3% from 5.2% for February.Read More →