Finnish elections might cause Euro to ‘panic’

Last Updated on Monday, 18 April 2011 11:38 Written by Elena Rajkovic Monday, 18 April 2011 11:38

Finnish elections were completed over the weekend. Three types of parties were in action, as follows: The True Finns (anti-euro) placed third collecting 19% of the votes. The ones critical of the Portuguese aid package but yet supportive of the euro (Social Democrats) assembled 19.1% and the National Coalition Party with 20.4%. As previously mentioned Finland is a one of a kind on Europe as the only country with the Parliament that votes on EU inquiries for bailout funds. Finland could vote and veto against the aid package for Portugal, which could delay provisioning in funds and ‘panic’ the EUR.

Euroland markets trading lower.

Last Updated on Wednesday, 20 April 2011 01:53 Written by MegatraderFX Monday, 18 April 2011 11:16

European markets are all off this morning, continual issues with debt and inflation are ongoing.

New Zealand CPI

Last Updated on Wednesday, 20 April 2011 01:53 Written by MegatraderFX Monday, 18 April 2011 10:05

Rising petrol prices helped push up inflation in the March quarter but the increase in the CPI was still below market expectations.

Gold rose to $1,488.68

Last Updated on Wednesday, 20 April 2011 01:53 Written by MegatraderFX Monday, 18 April 2011 09:42

Gold rose to $1,488.68 an ounce in early Asian trading. Gold for June delivery in New York also climbed to an all time high of $1,489.70 an ounce.

Asian as markets start in negative territory

Last Updated on Wednesday, 20 April 2011 01:53 Written by MegatraderFX Monday, 18 April 2011 08:29

Asian as markets start in negative territory yet now back to positive. Reserve hike by China ignored as Shanghai market also up on the the day

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