Greece Parliament to Vote on Austerity Budget Today
With the Greece parliament voting on its newly proposed austerity budget today, most traders will be fixated on the outcomes in order to adjust their investment portfolios accordingly.
Author: Forexyard.com
Greece Debt Takes Center Stage as EUR Fluctuates
Debt concerns have taken center stage in the euro zone, with higher yielding assets like the GBP and EUR positioned to lose significant value if authorities fail to address the ominous drift to caution and reluctance among...
Euro Zone Manufacturing in Steep Decline, Risk Aversion Rising
The series of flash manufacturing and service data released by Europe yesterday painted a grim picture for the manufacturing sector of the euro zone. Analysts expect the USD to see further upside as interest rate differentials between...
US Housing Market on the Rise?
US housing data beat expectations yesterday, as the Office of Federal Housing Enterprise Oversight (OFHEO) released an assessment showing homes that were mortgaged by Fannie Mae and Freddie Mac saw a rise in value of approximately 0.8%...
US Federal Funds Rate on Tap
The US economy will be publishing its recent decision regarding short-term interest rates today, known as the Federal Funds Rate. A rate adjustment is not expected given the sentiment expressed by the Fed in recent weeks. Any...
EUR Holds Gains as Investors Bet on Greece Bailout
The euro zone will be publishing its reports on consumer confidence today; most predominant will be the ZEW readings. Many investors are turning their attention on the euro zone regional economy after yesterday’s faltering debt discussion met...
EUR Hangs On as Traders Await News of Greece Bailout
The EUR was able to hold its recent price against the US dollar as regional investors battled over the direction of the 17-nation common currency. The push and pull between bears and bulls was mostly even this...
Republican Debates Factoring into UoM Sentiment Report?
With the Republican debates kicking off this past week, and Rep. Anthony Weiner (D-NY) stepping down from office from his recent scandal, criticism of President Obama’s economic policies and stimulus will likely get revved up, possibly leading...
Eyes Turn to Philly after Dismal Manufacturing Report from NY
The US economy will be publishing its weekly unemployment claims numbers today alongside more manufacturing data, this time out of Philadelphia. After the Empire State manufacturing report revealed a sharp downturn in New York, today’s Philly manufacturing...
Higher Yielding Assets Soar as Data Boosts Short-Term Outlook
Yesterday’s bullish retail sales and PPI figures out of the American economy, alongside solid growth figures in British CPI and RPI data, have so far helped to lift the value of riskier assets as investors seek higher...