Forex Trading TV Video Blog

Spanish Unemployment Fuels Panic in EuroZone

MikeHanas — Thu, 02 Feb 2012 10:20:44 +0000

Spanish job losses accelerated again in January, as the number of unemployed residents soared 4% to 4.59 million, a sign that the euro zone’s fourth-largest economy is still shedding jobs at a record rate. According to data released Thursday by the country’s unemployment ministry, the number of residents registered as job seekers rose in [...]

Fear in Europe and Dollar Continues to Slide

MikeHanas — Thu, 02 Feb 2012 08:41:23 +0000

In Europe, yesterdays trading saw the EUR move strengthen against the dollar. The EUR moved up 0.1% to $1.3176 More positive news came out of Europe regarding the eagerly awaited Greek debt reconstruction agreement. Latest briefs claim the much delayed deal is close to being finalized. However fears of constant repeats of broken promises [...]

Greek Optimism Lifts European Markets

MikeHanas — Wed, 01 Feb 2012 14:37:12 +0000

European shares rose on Wednesday, helped by a boost to bank stocks from hopes of an agreement in Greek debt swap talks and better-than-expected Chinese manufacturing data. Earnings, which have so far only given mixed results, were another focus, with Infineon rising 5.5 percent, near the top of the leaderboard after the German chipmaker reported [...]

Day Trading Effects After Market Volatility

MikeHanas — Wed, 01 Feb 2012 10:38:00 +0000

Following the agreement yesterday by EU leaders to create a a fiscal treaty in an attempt to avoid and ward off future debt crises the EUR improved slightly against the USD, moving up above the 1.3200 level before retreating on late profit taking by traders. Today sees the release of the monthly US Non-Farm [...]

EU Fiscal Treaty Rejected by David Cameron

MikeHanas — Tue, 31 Jan 2012 09:45:11 +0000

Following yesterdays EU Brussels summit, 25 EU member states have agreed in principal to come together on a fiscal treaty to enforce European budget discipline in a brave attempt to ward off future debt crisis. Only 2 EU members refused to signup, the UK and Czech Republic. In Britain the PM was quoted “my [...]