Greece’s victory over Confidence Vote

Wednesday, 22 June 2011 11:12

Greece’s crucial Confidence Vote was announced last night, late European hours. Greece’s government survived the confidence vote; important to avoiding a Greek default.

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U.S Dollar gains

Tuesday, 21 June 2011 05:32

U.S Home Resales declined in May with 4.81 million rather than April’s annualized 5 million Existing Homes Sold. Although May’s figure was disappointing compared to previous release; Home Resales didn’t do all that bad as May’s 4.81 million was very close to economists prediction.

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Euro drops after German report

Tuesday, 21 June 2011 12:18

ZEW released Germany’s Economic Sentiment with a dramatic drop as it stands at -9.0 from previous 3.1. A fall was expected as forecast for Sentiment was analysed at around -1.7.

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Euro/Dollar skyrockets

Monday, 20 June 2011 05:00

Greek payment plan was delayed by the troika, so long until Greece settles some austerity measures; to which Juncker claims confident that Greece will not deny.

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Greek payment delayed yet again

Monday, 20 June 2011 12:41

EUR/USD starts the week with a downward spiral, resulting from the failure of agreement amongst the European leaders about the Greek bailout plan. Decision has been delayed up until July, whether or not Greece will receive the 12 billion euros as part of the 110 billion euros given to Greece in last year’s crisis.

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