By TraderVox.com Tradervox (Dublin) - European Finance Ministers have capped the firewall kitty at 500 billion Euros after Germany led a coalition to oppose a further expansion of the region’s firewall power.  This comes as a shock to traders who were expecting a consensus in building a larger firewall kitty. However, the 500 billion lending capacity [...]

Source: ForexYard • Below is the 4-hour chart for the Gold by ForexYard. • The indicators used are the MACD, Slow Stochastic and RSI. • Point 1: The Slow Stochastic shows a bearish cross, signaling that the next move may be in a downward direction. • Point 2: RSI signals that the price of this [...]

By TraderVox.com Tradervox (Dublin) - The Euro has been on a bearish run against major currencies this week due to the eurozone finance ministers meeting today which is expected to endorse a plan to combine the European Stability Mechanism kitty with that of European Financial Stability Facility. This will be done in a bid to strengthen [...]

Source: ForexYard Good news for the 17-nation currency as Europe’s finance ministers met today to discuss a possible increase in the rescue fund.As a result of the meeting, European stocks extended the biggest first-quarter gains since way back in 2006 and the Euro appreciated whilst default risk dropped. The Euro made gains of 0.4% over [...]

By TraderVox.com Tradervox (Dublin) - The single currency held on the recovery the late night recovery of yesterday as it traded above the 1.3300 levels. The pair is approaching the monthly highs formed during this week. It is currently trading around 1.3351, up about 0.38% for the day. The support may be seen at 1.3325 and [...]

Video courtesy of ForexCT – A leading Australian forex broker, liscensed by the Australian Securities & Investments Commission, offers the MetaTrader4 and PROfit Platform to retail traders. Other services include Segregated Accounts, Trading workshops, Tutorials, and Commodities trading.

Source: ForexYard Traders moving assets to safer, lower yielding currencies appear to be playing a factor in the correction of the major crosses. The USD and JPY, which are seen as a safer bet than others currencies in times of market stress, will likely keep drawing demand as investors stay away from riskier assets. Economic [...]

Video courtesy of ForexCT – A leading Australian forex broker, liscensed by the Australian Securities & Investments Commission, offers the MetaTrader4 and PROfit Platform to retail traders. Other services include Segregated Accounts, Trading workshops, Tutorials, and Commodities trading.

By MoneyMorning.com.au For years, the United States has feared an energy crisis. That one day the U.S. would have to import nearly all its oil and gas from overseas. If there was a disruption to the supply lines, it would lead to rising fuel prices and severe shortages. That would mean higher costs for businesses. [...]

By MoneyMorning.com.au Political risk is being blamed for driving up oil prices. The looming threat of Iran, the constant risk of further money-printing by central banks, and concerns over unrest in Saudi Arabia are three that we’ve covered. However, it’s worth pointing out one political risk that – in the longer run – could end [...]

By MoneyMorning.com.au It’s not often that I feel sympathy for a politician. But you have to feel for Spain’s prime minister, Mariano Rajoy. Three months into his government, and he’s facing a general strike from the unions on the one hand, and a potential buyers’ strike from investors on the other. The unions are striking [...]

The Bank of Albania dropped its main monetary policy interest rate another 25 basis points to 4.25% from 4.50% previously.  The Bank said [translated]: “the Supervisory Board decided to reduce by 0.25 percentage point interest rate, by deducting the 4.25% level. This decision aims to create appropriate monetary conditions for meeting the inflation target over the medium [...]

The Banca Nationala a Romaniei reduced its key monetary policy interest rate by another 25 basis points to 5.25% from 5.50%.  The Bank said: “The NBR restates that achieving both price and financial stability, in the context of fulfilling the commitments under the external financing arrangements with the EU, the IMF and other international financial institutions, is [...]

Here's today's Central Bank News link list, click through if you missed the previous central bank news link list.  Remember, if you want to submit links for inclusion in the daily link list, just email them through to us or post them in the comments section below. Brazil central bank sees lower inflation, selic rate (Market News International) [...]

Here's today's Central Bank News link list, click through if you missed the previous central bank news link list.  Remember, if you want to submit links for inclusion in the daily link list, just email them through to us or post them in the comments section below. Brazil central bank sees lower inflation, selic rate (Market News International) [...]

By TraderVox.com Tradervox (Dublin) - The Head of Sovereign Ratings at Standard & Poor’s, Moritz Kraemer has indicated that Greece might require another debt restructuring that will include the bailout partners such as the IMF and the European governments. Kraemer went ahead to state that Greece bailout will have to include its official creditors again. This [...]