Forex Trading Account

The extreme optimism and the positive macro boosted Crude price

By admin | Published: October 25, 2011

Another upward burst out the black gold, passing over the $ 90.00 and above the KMO 200 days and this essentially is an encouraging picture, in terms of technical analysis . The upward explosion of oil supports higher shares, euro in the forex market and the general investment sentiment. Apart from the facts about resolving the debt crisis, yesterday’s announcement of increased manufacturing in China gave additional support to the rise of black gold. Now the upward movement is medium where we should focus our attention. We estimate that the probability of an KMO test of 200 days as a support in $ 90.50 and we think that the chances of a significant drop in the next meetings are limited. Next support lies at $ 88.80.

Posted in Press Releases-News | Leave a comment

The European Commission’s proposal to tax financial transactions

By admin | Published: September 28, 2011
The proposal to impose a new tax in the financial sector was proposed today as the European Commission stressed that the financial industry should contribute towards the cost of the crisis. The common tax on financial transactions would be subject to a coordinated level in the 27 Member States European Union and to all transactions in financial instruments (securities, bonds, equities and derivatives) between financial institutions where at least one party is considered to be established within the European Union. For transactions in shares and bonds, the rate will be 0.1% while the derivatives contracts, the rate will be 0.01%. The commission believes that revenues could reach 57 billion each year. noted that the commission has proposed a new tax to come into effect from January 1 2014. Trade forex online in your own language: Forex Indonesia. Get a 20% first deposit bonus and 10% on every deposit ever after.
Posted in Press Releases-News | Leave a comment

Bank of Italy: Development of less than 1% for 2011 – even lower for 2012

By admin | Published: August 30, 2011

Economic growth in Italy is expected to be less than 1% in 2011 and even lower in 2012, which will impede the government’s efforts to consolidate the budget and reduce the massive debt, according to official statements today Bank’s head of Italy as transmits Reuters.  “The budget adjustments necessary to avoid an even worse situation would inevitably have a limited impact on the economy,” he said by Ignazio Visco, Deputy Director of the Bank of Italy, during a hearing of the Senate. He stressed that there are increasing signs of weakening global economy and that growth in the euro area in the second half of the year might be moving at less than half the growth recorded in the first half of 2011. “Given these factors, an environment that remains highly uncertain, GDP growth may be below 1% this year and even lower in 2012, “warned the Italian banking official, who kept saying: ” This will inevitably have an impact on public finances making it order consolidation of the budget and reduce public debt more difficult”. At the same time, strong pressures are applied to Euro against all major currencies in forex market due to many economical and political factors.

Posted in Press Releases-News | Leave a comment

Lower than the estimations the public debt of UK in July

By admin | Published: August 19, 2011

Lower than the estimates appeared the public debt of Great Britain in July, with support from the proceeds of a new tax on banks and improving the finances of local governments, according to figures seen today the spotlight. The net debt of the public area, excluding temporary impact from financial operations fell to just 20 million pounds in July, compared with 3.5 billion pounds in the corresponding period last month. The average estimate of analysts spoke of a fall on lending to 2.5 billion pounds, according to a poll of Dow Jones Newswires. The national statistical authority in the country ONS announced that revenues increased by 660 million pounds in July and began to calculate the revenue from the new tax on banks under the European statistical standards. Also public sector in the UK showed a cash surplus of 5.6 billion pounds in July, compared to 18.5 billion pounds in the corresponding period last year as the government increased VAT to 20% from 17.5%. At the same time, the GBPUSD pair moves higher in the forex market and now is currently over $1.6500.

Posted in Press Releases-News | Leave a comment

Lower than expected the industrial production of France

By admin | Published: August 10, 2011

Industrial production in France, the second biggest eurozone economy, fell more than economists expected in June, due to lower production of transport equipment and electronic goods. The production fell 1.6% compared with May, when had risen by 1.9% (revised measure), according to national statistics office Insee. Economists had predicted a fall of 0.7%. Compared with last year, production increased 2.3%. As demand for exports fell and consumer spending fell, the French economy probably grew at a slower pace in the second quarter, after expanded 0.9% in three first months of the year. The economists involved in research of Bloomberg, expect the country’s GDP will grow 0.3%.

Posted in Press Releases-News | Leave a comment

Slovakia: limited exposure of the banks in Greek bonds

By admin | Published: July 1, 2011

The branches of banks and pension funds in Slovakia have little exposure to Greek debt and protect the country from the direct consequences of the financial woes of Greece, said today a member of the European Central Bank. “The report the banking sector is very small and represents less than 1% of bank assets while also concentrated in a limited number of banks, “said Josef Makush, who also heads the central bank of Slovakia. Banks of Slovakia as a whole, have less than 0.5 billion in Greek government bonds, while the amounts of Greek debt held by pension funds and other non-bank institutions is even smaller. It seems that there are many countries that have not high exposure on the Greek bonds something that will support Euro on the forex market if – in sometime in the future – there will be a default of payments.

Posted in Press Releases-News | Leave a comment

Forex: High Volatility in shallow market

By admin | Published: June 20, 2011

The market was relatively “shallow” this week, causing some powerful changes in most currencies in the first hour. The euro moved slightly lower squandering some of the gains that recorded on Friday, registering a low at 1.4255. The Eurozone finance ministers said they expect to provide another 12 billion euros in Greece until mid-July but warned that this amount will depend on the adoption of medium-term plan by the Greek parliament. Another announcement from the ECB was the decision for voluntary recycling of Greek debt from private debt securities to finance a significant part of the financial needs of Greece in the coming years. In the forex market and mroe specifically to the GBPUSD pair we expect a move towards 1.6300 before there is any shift in direction (downtrend).

Posted in Press Releases-News | Leave a comment

Negative trends on Wall Street’s Futures

By admin | Published: June 10, 2011

On the negative sign are currently the futures and the stock indices on Wall Street after yesterday’s rise in the U.S. market reaction to interrupt a negative downward streak of six consecutive meetings. The investment climate form the figures for China’s trade surplus, which did not satisfy the markets and the unexpected rise in interest rates by the central Bank of Korea at 3.25%. China recorded a trade surplus in May less than expected at 13.1 billion dollars. Trade Futures and other financial products with the best forex broker of the market.

Unexpected increase for the eighth consecutive month in May also showed that import prices in the U.S.. According to data released today the U.S. Department of Employment import prices increased by 0.2% on a monthly basis, following a 2.1% increase in April. The average estimates of analysts polled by Dow Jones Newswires spoke monthly fall of 0.7%. Furthermore, on an annual basis, import prices increased by 12.5% ​​the biggest annual rise since September 2008.

The U.S. indices finished at positive ground on yesterday’s trading as the Dow Jones industrial gaining 75.4 points or 0.63% at 12,124 units. The broader S & P 500 gained 0.74% at 1292 points, while Nasdaq has the technology gains 0.35% at 2685 points.

Posted in Press Releases-News | Leave a comment

China bought Japanese bonds worth of 1.3 trillion yen

By admin | Published: June 8, 2011

In reaching a record level of net acquisitions of Japanese long-term debt from China, as it tries to diversify the direction of the reserves, which are the largest worldwide.
China bought long-term bonds in Japan in April of 1.33 trillion yen (16.6 billion dollars), which is the largest amount since January of 2005, and began recording the data.
Furthermore, it has sold around 1.47 trillion yen in short-term debt. A Nomura analyst says that as China tries to diversify its assets with the huge reserves of foreign currency available, probably wants to have some Japanese assets, to certain extent, also due to the strong commercial relationship it has with Japan. The USDJPY rate stands at 79.75 yen – Check the latest Forex News and all the forex signals online.

Posted in Press Releases-News | Leave a comment

ING: Greek debt refinancing up to 55%

By admin | Published: June 3, 2011

The voluntary refinancing of its debt holders Greek bonds “may primarily be done by bank holding portfolios of bonds, bond Greeks and the ECB,” says Padhraic Garvey of ING. According to Dow Jones Newswires, an analyst at ING believes that any shift of the debt may become a voluntary participation rate of 55%. If Greece
refinance the total debt, the country would save 15 billion euros in 2011, 33 billion in 2012 and 29 billion in 2013.

Posted in Press Releases-News | Leave a comment