forexblog111’s Contributions

12/18/12    Community Articles

Dollar at 6-week low versus Euro

Greece announced on Monday the details of its debt buyback scheme, a move that is crucial in receiving more funding. This scheme to buy back its debt from private investors is part of an agreement in order to receive an additional bailout of 44 billion Euros...

12/18/12    Community Articles

Aussie strengthens after RBA cuts rates to 3%

The Reserve Bank of Australia decided to lower the cash-rate target to 3%, down from 3.25% as predicted by Bloomberg. The cut in the rate is said to help maintain growth and lower risks.

12/18/12    Community Articles

Euro gains against counterparts with Greece hopes

European finance ministers have expressed great confidence that Greece will successfully complete the bond buyback in order to ease the debt crisis

12/18/12    Community Articles

Weekly Outlook December 10th-14th

SmartTradeFX brings straight to you the latest forex news on our blog each and every day. Keep an eye out on the following key events to stay up to date with the markets so you don't miss out on the good trades!

12/18/12    Community Articles

Italian PM to resign causing fresh uncertainty for the Euro

Italian PM Martio Monti is planning to resign once the 2013 budget has gone through after parliamentary opposition from his allies who had previously backed the government. The former Prime Minister, Silvio Berlusconi, is intending to run for PM once again...

12/18/12    Community Articles

Low business confidence weighs on Aussie

Australia's business confidence data came back disappointing Tuesday morning as it fell eight points to -9 in November from last month. This level is lowest since April 2009 when the financial markets were in turmoil. There is speculation now that the central...

12/18/12    Community Articles

Euro high versus dollar with strong German data

The German ZEW economic sentiment index jumped to 6.9, much higher than the -12 that analysts expected. This figure shows that investors are hopeful that Germany won't enter a recession.

12/18/12    Community Articles

Fed won't raise interest rates until unemployment levels drop

As expected, the interest rate wasn't changed after the Fed's two-day meeting. Yet what did surprise Wall Street was the pledge to leave the benchmark interest rate near zero until 2015 when it expects the unemployment rate will ease to 6.5%, providing inflation...

12/18/12    Community Articles

Forex and "Abenomics": Yen on the diet

The USD reached a 20-month high against the yen on Monday, as in the wake of the victory for Japan's Liberal Democratic Party (LDP) under leadership of Shinzo Abe in Sunday's elections speculators are anticipating more aggressive easing steps by the Bank...

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About forexblog111

forexblog111 joined the JazzTimes community on Dec 17, 2012