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The euro zone grows too slowly
Inviato il 11 August 2011 da Forex Staff
The growth of the service field in the euro zone has lowered in the last month of July and it is at its lowest ring in the last 2 years. Data will give little help to the already weak situation of the euro zone, focused on the debt that has embraced until now Greece, Ireland and Portugal. The slowdown in growth in the services sector in the euro area continues at a rapid pace in the month of July, the foundation of the slowdown is worrisome given that it shows signs of fragility in all countries. The two large, Germany and ...
Obama signs for the increase of the debt ceiling
Inviato il 6 August 2011 da Forex Staff
President Barack Obama has signed the law to increase the American debt limit and avoid a financial default, after that the Congress has voted positively this deal. The bill passes through both the obstacle of the Chamber and of the Senate, where it received 74 votes in favor and 26 against. The bill now rises the debt limit of 2.400 billion dollars, bringing it from 14.300 billions to 16.700 billions, and studies a salvage of at least 2.100 billions in the next 10 years. Despite this, the bill was not able to help the financial markets. In Wall Street there has ...
USA: reached an agreement on the debt
Inviato il 5 August 2011 da Forex Staff
Republicans and democrats of the American congress have finally reached an agreement with president B. Obama in increasing the limit of the U.S. debt and in avoiding a default of the American debt. Just after two days before the expiration date, the ceiling of the American debt has been risen, the White House and both the republican and democratic leaders at the Congress have said that the compromise will bring a cut of 2.4 billion dollars from the deficit for the next 10 years. Now that the Congress leaders have signed an agreement, both the Senate and the Chamber are to vote ...
Greece approves the austerity plan and the euro grows.
Inviato il 3 July 2011 da Forex Staff
Investors have pulled up the value of the euro after that the Greek legislators have ignored the violent protests in the streets and have approved a bill that allows the country's austerity access to a second round of funding from the European authorities. The euro was traded above the value of 1.44 against the dollar, the highest in two weeks. The focus now moves to the vote, which will put these measures into practice, while on Sunday there will be a meeting of finance ministers of the euro area in order to operate the rescue plan. Investors seem to be encouraged ...
The FED and the current market situation: was it what was expected? Part 2
Inviato il 23 June 2011 da Forex Staff
The current situation in the USA is not as it was expected to be some time ago. Bernanke has stated that the growth of the United States has been slower than expected, offering indications that the FED is realizing another incentive program. But the mentioning of another incentive may infuriate Bernanke's critics, who say that after flooding the financial system with more dollar, in the past, he also devalued the currency and helped inflation in the wrong sectors, in particular in the ones of prime materials as oil. A weaker dollar was part of the incentive plan of the FED, which ...
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