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Posts Tagged ‘crisis’

Euro Debt Crisis

EURO DEBT CRISIS

A popular journal in Greek stated Greek debt crises focused less on the crisis and more on the market reaction. It also stated that Hedge Funds Try ‘Career Trade’ Against Euro” and “Speculators Bet Record Amount against Euro for 4th Week” and “Europe Trouble, U.S. Opportunity” in the headline. It explains the collapse in the Euro mainly against the dollar as one of the important and profitable techniques for exploiting the crisis. The debt crisis has become self fulfilling both for Greece and Euro, both Greek and Euro bonds lost their value which makes the crisis more badly. Most of the speculators are using this favorable condition by making more bets against Euro. Based on the viewed commitment of Trader’s report, the net short conditions against the Euro have a record 12 billion dollar. Some analysts took these details at face value. 

There is also proof that most of the speculators are now trying in concert to bring down the value of Euro. The magazine also mentioned about the private meeting between Hedge funds managers and investment banks helping their customers bet against Euro by using derivatives. These speculators influence the currency markets. The Euro has down 10 percent in less than three months which is more surprising for a currency whose daily trading volume is calculated at 1.2 trillion dollars. The famous choice trade is based on the Euro falling to party against the dollar. It is also not in the good position to accept the market power that these speculators have.

But emotion has no place in forex trading. EU member states contain shaky finances which cannot be dismissed. The Euro is controlled by the European central bank over which Greece has no power. Usually in the forex trading investors like to buy one currency because they think it is going to appreciate in its value against other currencies. If all the investors have same sentiment, these purchases will cause the Euro to appreciate and the dollar will depreciate. In the European debt crisis of 2010, some countries in the European Union were at danger to default on their debt. 

This caused the Euro to fall down so investors look for the other currencies. The three big safe havens are the Treasury bills, U.S dollar and gold. These investments are regarded as less risky of all investments. The strength of the Euro is currency stability. Businesses will not face any risk from currency exchange rates and tourists also no longer to pay the price of the currency conversion. But the weakness is the Euro using countries are not able to set their own monetary policy and they should act according to the policies which are drawn by the European central bank. Greece is unable to devalue its currency to keep prices stable and increase exports to increase money. So forex traders always should keep an eye with the fluctuations of the currency value to operate their forex trading successfully. This helps them to avoid unnecessary frustration in forex trading.

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GREECE CRISIS KEPT AT BAY

GREECE CRISIS KEPT AT BAY
The European Union approved the disbursement of it’s last $ 17 billion tranche of bailout funding Saturday, putting Greece’s debt crisis at bay — for now.
Read more on CNN Money

European Commission grants Rs. 328 m for disaster risk reduction
The Humanitarian Aid and Civil Protection Department of the European Commission (ECHO) is providing EUR 3.275 million (NPR approx 328 million) for disaster risk reduction in different parts of Nepal, under its sixth 6th Disaster Preparedness (DIPECHO) action plan for South Asia.
Read more on Nepalnews. com

European Stocks Advance After Greece Vote
Read full story for details.
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Europe can avoid debt crisis: Geithner

Europe can avoid debt crisis: Geithner
EU urged to speak with one voice on debt plan. 21 Jun 2011 3:39 PM
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Parliament speaker: First laws, then EU candidacy
BELGRADE — In order to be granted an EU candidate status and possibly the date for accession talks, Serbia should pass a bill on public property. MPs should also “start adopting a bill on restitution”, Parliament Speaker Slavica ?uki?-Dejanovi? has said.
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Highlights – Juncker and Rehn on Greece, sovereign debt crisis

Highlights – Juncker and Rehn on Greece, sovereign debt crisis
STRASBOURG, France (Reuters) – European Economic Affairs Commissioner Olli Rehn and the chairman of the Eurogroup, Jean-Claude Juncker, answered questions before the European Parliament’s economic committee on Monday.
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Europe close: Germany’s regulator slashes out at EBA
European stocks have closed the day in a mixed fashion (FTSE-100: 8, Dax: -25, Euro Stoxx 50: -28, SMI: -37, Cac: -27, Ibex 35: -128), with the London benchmark riding on the back of a rise in basic resource …
Read more on Sharecast Finance News via Yahoo! UK & Ireland Finance

ECB official: Property means Greece solvent
A top European Central Bank official says financially troubled Greece can pay its debts if it is willing to sell off billions in state property and carry through on plans for budget cuts.
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World stocks, euro slip on euro zone debt crisis

World stocks, euro slip on euro zone debt crisis
World stocks fell while the euro headed toward a two-month low on Wednesday on concerns about the euro zone’s spreading debt crisis and the potential for a further reduction of positions in risky assets.
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April pace of euro zone lending edges higher
The rate of growth in euro zone bank loans to the private sector increased slightly in April, the European Central bank said.
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European shares edge up; renewable stocks gain
* FTSEurofirst 300 up 0.1 pct, Euro STOXX 50 up 0.2 pct * E.ON, RWE fall on German nuclear news; solar shares up * SocGen says long Euro STOXX 50/short aluminium LONDON, May 30 (Reuters) – European share …
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talks towards a multi-billion-euro free trade deal
29 May 2011 Leaders of the European Union and Japan have agreed to start talks towards a multi-billion-euro free trade deal linking the world’s third biggest economy to the globe’s largest market.
Read more on NZCity

Europe close: Bourses lower as Greek crisis rolls on

Europe close: Bourses lower as Greek crisis rolls on
European markets fell into the red after a strong start as a result of disappointing economic news from the US and the ongoing troubles in Greece. Banking stocks across the continent were mixed.
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Stocks rise for fourth day, dollar tumbles
Europe’s shares advanced on Friday, led higher by banks after a media report that stringent capital requirements for European banks could be relaxed, and helping power world stocks up for the fourth straight day.
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Japan nuclear crisis: how it happened

Japan nuclear crisis: how it happened
HOW news.com.au reported the crisis at the stricken Fukushima No.1 nuclear power station and the fallout from the quake.
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EU says responding to Japan quake, nuke plant situation
The European Union on Tuesday said that its Civil Protection coordination mechanism (MIC) is preparing to coordinate deployment of in-kind assistance and experts from Europe, as soon as the Japanese authorities request it.
Read more on Calcutta News

Iran heads to Russia for Freestyle Wrestling World Cup
TEHRAN, March 15 (MNA) — Iran wrestling team left Tehran for the capital of Russia’s Dagestan Republic, Makhachkala, on Tuesday to take part in the 2011 Freestyle World Cup.
Read more on mehrnews.com

Euro Zone Debt Crisis Intensifies Ahead of Summit

Euro Zone Debt Crisis Intensifies Ahead of Summit
The euro zone’s debt crisis intensified on the eve of a summit of the currency bloc when Moody’s downgraded Spain’s credit rating on Thursday and bond markets heaped pressure on Portugal to seek a bailout.
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Pound near 2011 lows against euro
LONDON (Reuters) – Sterling fell versus the euro on Monday, and was on course to test 4-month lows as the single currency was boosted by an unexpected deal to strengthen a euro zone bailout fund and a …
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Euro zone leaders agree to strengthen bailout fund
BRUSSELS (Reuters) – European leaders agreed to strengthen the euro zone bailout fund on Saturday, make its loans cheaper and lower the interest rate on funds extended to Greece, a move to get on top of …
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FM: eurozone crisis deal good for Germany

FM: eurozone crisis deal good for Germany
Germany’s foreign minister says an agreement on Europe’s strategy to tackle its debt crisis is a good compromise that allows Berlin to keep control of its own purse strings.
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Ofsted reveals England is the only nation in Europe where students can stop studying history at 13
Many secondary schools are also squeezing the curriculum so that teaching usually spread over three years has been condensed into two.
Read more on Daily Mail

Selexis SA to Partner at the BIO-Europe Spring 2011 Partnering Conference
Selexis will be participating in the BIO-Europe Spring 2011 Partnering Conference being held March 14-16, 2011, at the Milano Convention Center in Milan, Italy.
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Euro slumps as Europeans fight over crisis plans

Euro slumps as Europeans fight over crisis plans
The dollar gained against the euro Monday as European finance ministers fought over how to tackle the region’s debt crisis, worrying investors that a more comprehensive solution won’t be coming soon.
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FOREX-Euro struggles after fall; dollar eyes data
* Euro seen likely to struggle after fall
Read more on Reuters via Yahoo! Singapore News