EUR/USD Pairing Status Quo
EUR/USD pairing is trading at a relatively lower table in comparison to the duo’s original scratch price at Asia-Pacific Trading Circle by -0.05%. The pairing rests at 1.3227 at present, with a high point of 1.3250 at the trading circle, as it fell to further session lows of 1.3210 subsequently. Continue reading
Precious Gold Rising More Than One Percent
The finance ministers of the Euro Zone finally came to an agreement over handing out the second bailout plan worth 130-billion euro to Greece to support its staggering economy and avert a messy default that was almost becoming imminent after they virtually forced Athens to make commitments of implementing the painful austerity measures on its crippled economy prompting the holders of the private bolds to take on substantial losses. The conclusions that were drafted in the meeting had stated that the leaders of the European Union will call on the leaders of the 20 biggest economies of the world – the G20 group next week to come to an agreement in the month of April to considerably strengthen the funds upon the disposal of the International Monetary Fund. Continue reading
Yen Goes For Further Plunge
The Japanese yen hit its lowest point in six months as against the dollars in Wednesday and the importers of Japan and the offshore traders went on seeing off their currency holdings thereby bringing the Japanese currency to the brink of testing the most important technical level. Continue reading
Euro Confused As The World Market Still
The Euro continued its haphazard trading throughout the Asian Trading Circle and hovered within a fixed range throughout Wednesday. The reason of the Euro behaviour can be attributed to the deal that was reached at in the meeting of the Finance Ministers of the Euro Zone over handing out the second bailout plan of EUR130 billion to the indebted country to give its beleaguered economy some support to avert a messy default. The bailout plan may be music to the Greek ears but obstructed the common currency from heading towards a particular direction. Continue reading
Deal In Greece Pushes Euro Up
As Greece managed to avert a messy default and grabbed the second bailout plan to give its staggering economy a temporary relief the Euros saw its rise as against the dollars as well as the Japanese Yen on Tuesday in the Asian trading circle. However, the news from Athens came at a time when the investors were caught napping though the rise of the Euro is more or less perceived as a short term affair as the bailout package lacked the major cues of purchases that the traders had apprehended. Continue reading
Greece Manages To Earn The Bailout Package
The futures of the German Bund suffered a huge fall on Tuesday as Greece ultimately managed to grasp its second bailout package and avoided a messy default. Still, it is to be seen whether the beleaguered country is able to implement the painful austerity measures on its staggering economy. These speculations, nevertheless has kept a check over losses of the German Bunds, in spite of the fall. Continue reading
Gold Hold Its Position
Spot gold maintained its status quo at $1,730 an ounce on Tuesday, as the investors all over the world kept a close watch on the meeting by the Finance Ministers of the Euro Zone as they inched towards a consensus for funding Greece its second bailout and help it avert a messy default. Continue reading
Australian Dollar Makes Up For The Fall Of Gold
The Japanese Yen went on to lose its ground as against the US Dollar, while the in general, the outlook of the US Treasury Yield shows further progress in the world market. However, against the recent trend, the Australian Dollar appears to be a lucky bet for the traders who were ruing over the loss suffered by precious gold. Continue reading
EUR/USD Pairing
The EUR/USD pairing is a matter of grave concern as it reached 3010, its lowest in 3 weeks. It further came down today from the highs of at 1.it has reached earlier in the London trading circles. This, to say the least, has sparked new speculations amongst the traders and sent a wave of chill through the spine of the world market today as the statement in Greece does not show any signs of easing out. Continue reading
Greece Receiving Bailout Package Easing Gold
Monday saw a rise in the price of the precious gold by more than half percent following the decision by Central Bank of Chine to slash its monetary reserves in Banks along with the decision taken by the Finance Ministers of the Euro Zone to provide the much needed bailout financial package to the ailing Greek economy. Continue reading
