As many had anticipated, the EU finance ministers approved today the second bailout of €130 billion for Greece. This bailout came after many hours of deliberations and after the EU finance ministers impeded their approval since last week. What does…
During last week the energy commodities prices rallied especially natural gas prices; many currencies including the Aussie dollar and Canadian dollar also appreciated against the US dollar; on the other hand, precious metals prices and the Euro didn’t do much…
The concerns regarding the faith of the European Union continue to grow; the recent agreement in the EU Summit in Brussels has failed to ease the speculation around the instability of the European Union. There are mixed signals regarding the…
Gold and silver prices slightly declined on the last day of the week, and thus continued the unclear path for precious metals prices in recent days. The news from Greece of forming a national unity government may ease some of…
Gold and silver prices sharply declined on the first day of November; this movement was probably driven in part by the news from Greece of a referendum. Today the FOMC will release a statement and Bernanke will also give a…
Following last week’s EU agreement on a reduction on the Greek debt, it seems that the crisis isn’t averted just yet: the Prime Minister of Greece Papandreou has put the European Union’s debt plan to a public vote by the…
After ten hours of deliberations the EU leaders have managed to reach an agreement regarding the main issues of the European debt crisis. The EU leaders agreed to make a 50% haircut on the Greek debt; they have also agreed…
Forex Crunch has published a quarterly forex outlook, for Q4 2011. The report dives into the main themes that are likely to move the markets in Q4. Guest Post by Yohay Elam The euro zone is likely to finally accept…
Following last week’s vote in the Greek parliament in which it approved the package of budget cuts proposed by Prime Minister George Papandreou, the European Union ministers of finance convened over the weekend and approved the aid to Greece. The…
Greek parliament approved today the package of budget cuts proposed by Prime Minister George Papandreou. These budget cuts are estimated at nearly 28 billion euros. This vote was critical for Greece to avoid default on its debt, and was one…