October 24, 2012
When it comes to the forex news, the Euro Zone crisis is one every player in the market is keeping tabs on; Greece is arguably the country to watch when it comes to the fate of the Euro Zone so naturally many eyes are on it as well. Well it now appears there has been some movement on the forex news calendar that, for good or bad, is going to impact the Euro Zone crisis and forex in general greatly; be it plain forex or CFD trading. Firstly the austerity measures that have been a permanent fixture of most forex news forecasts are about to be finalised according to reliable sources within the Greek parliament. As far as announcements that change forex news are concerned, this one is yet to officially be made but on Thursday it is said to be happening.
The Austerity Situation
The Greek government is set to submit two separate bills that relate to the austerity cuts and labour reforms in the country; the source is none other than Yannis Stournaras, a prolific Greek economist turned finance minister, and his announcement has been all but confirmed by a finance ministry official. How this affects forex trading is more in terms of the long run but it may put a dent in the Euro Zone crisis which has been a looming cloud over the 2 trillion dollar a day market. The negotiations between the IMF, EU and the Greek government has been a live-wire in forex news for months and it all comes to a head soon with many saying they’re drawing to a conclusion.
Loan Extention
In related news, Greece’s lenders have offered a respite on their loan situation; a bailout loan totalling close to €130 billion. Again Yannis Stournaras came forward announcing that Greece has obtained an extension on the loan amount. To the UK and abroad, this forex news may be a bitter pill to swallow since many think that an extension is just going to cost the EU more in the long-run; although some are turning lemons into lemonade and coming up with a plan of their own. The extension that Greece were seeking out was a two-year extension to its adjustment initiatives aimed at making the austerity measures less severe, at least the first round of them. Now is the real time forex news in Greece is making waves that are going to be felt many years down the line. If any more forex news surfaces out of Greece, and you can be sure it will, we’ll endeavour to bring you more.
July 16, 2012
The Asian currency feels pinch reminiscent of the 1997 crisis due to toll on the Euro and floundering Chinese economy, according to news from a local forex broker. Despite experiencing the slowest growth rate since 2009, the region has indicated that its hopes lie in being the World’s growth engine.
Recently dropping its annual GDP projection from 7% to a moderate 6.5%, the Asian Development Bank’s projection change has been attributed to a number of factors, including the sluggish currency recovery in the United States, Asia’s weak exports, and a decrease in retail sales.
With Singapore’s dwindling economy and Hong Kong on the brink of recession, Asia’s role as an importer has posed serious implications to Australia, who sends more than a quarter of its exports to China, as well as South Korea, Taiwan and Malaysia who depend on the world’s second largest economy and its large export market.
“[The Asian currency needs to see improved resilience]” – Minoru Morita (Tokyo analyst)
Reliant on the Eurozone countries’ ability to draw up a policy that will avert their crisis turning into a global one, specialists of the Asian currency exchange fund have recognised the region’s need to improve resilience to external shocks.
Drawing parallels with a metatrader 4 download, market experts have revealed that the keys to regeneration within the Asian currency union comes down to reducing reliance on external demand, while simultaneously encouraging regional growth sources, and facilitating local industries.
February 1, 2012
Malta business is surviving well under the post recession problems that have plagued the world and most of Europe by keeping its unemployment rates below the average. The influence of overseas business expansion into Malta by creating multinational company premises in Malta and thus creating additional job creation has been heralded as one of the success stories for the Mediterranean island nation. Also heralded as one of the best tourist areas to visit and relying on its strong structure of textile industries Malta has a beneficial fiscal system that encourages business growth and therefore keeps the unemployment rate below the norm for the Continent.
Across the board in Europe, the unemployment rate has risen, but surprisingly the rate in the Island country has remained steady at the relatively low rate of 6.5%. The consistent investments from overseas enterprises into business in Malta have kept the rate below the average with only a few of Europe’s countries beating their unemployment rate. Austria was top of the survey by Eurostat, coming in with the amazingly low rate of 4.1% while the Netherlands came in a close second at the low rate of 4.9%. Spain clocked in with the most people without work in the EU zone, with 22.7% of the population needing a stable source of income.
Malta will continue to have a low unemployment rate due to the government policies as well as the fiscal policies that keep tax in Malta in the sights of companies doing international business. The education system has also produced a wealth of educated youth that have created their own place in the market should hiring opportunities be slightly lacking. While the Eurozone Crisis has greatly affected many countries in Europe, the unemployment rate in Malta seems steady, which encourages further investment for companies looking to do business in Malta.
The Eurozone crisis fills currency and forex trading news stories on daily basis. Not only is Europe’s financial predicament difficult to keep up with, due to its rapid state of flux, but there are also many misperceptions being leaked online.