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The Geneva Forex Event

The Geneva Forex Event

Dear Bankers, Finance Professionals and Investors, Everybody agrees that daily formalities, procedures, and extreme pressure we go through raise the necessity to break the misconception about tiresome professionals from banking industry. “The Geneva Forex Event” is breaking misconceptions about us – bankers and this magnificent city. It appears as a great solution to bring a fresh airstream and to make a change needed every...

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Euro Break 1.2300 on Rising Hopes of ECB Action

Euro Break 1.2300 on Rising Hopes of ECB Action U.S. Dollar Trading (USD) although there are still plenty of doubts remaining about the new Eurozone measures yet to be announced optimism won out in the end on Friday and we saw fresh week highs on the EUR/USD into the weekend. US Q2 GDP met expectations at 1.5% Q/Q annualized. Speculation is mounting that QE3 will be announced by the FED this month to help stimulate a stumbling US recovery and...

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Samaras: “SYRIZA demolishes Greece”

Antonis versus Alexis! New attack on Alexis Tsipras unleashed the leader of the New Democracy party, following the ‘shots’ Åland, Venizelos and Schauble, against SYRIZA. In an interview on ANT1 TV, Mr. Samaras asked Mr. Tsipras “to tell the Greek people, what will happen if you get out of the euro.” He stressed that the New Democracy party has “concrete proposals and a plan” unlike SYRIZA, which-as he said,...

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The Phantom of the drachma!

Barrage of stories that analyze the exit of Greece from the euro sooner before the ink dries on the activities of the summit in Brussels. The issue was discussed during the meeting between the President of the Republic Karolos Papoulias and the Governor of the Bank of Greece, George Provopoulos. Analysts of U.S. banking group Citigroup predicted that on January 1, 2013 Greece will be outside the Eurozone. They estimate that sooner or later...

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Plans in place for Greek exit

Plans in place for Greek exit The Euro (EUR) spiraled to new multi-month lows as Reuters reports circulated that the “Euro group were asked to prepare a Greek exit contingency plan”. Stock markets were sent in to a free fall, dragging the Eurodollar along for the ride to trade at its lowest level since July 2011. The single currency managed to fall from levels near 1.2690 to trade at 1.2545

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