How many remember the Greek debt crisis? It lasted almost a decade with many pinning the start at October 4th 2009 after the center-left PASOK party won elections while some EU bureaucrats like to claim victory with the last bailout payment which was supposed to arrive in Athens on August 20th of 2018 at which point Greece exited its bailout. Greek finances where a mess and debt-to GDP ratio soared to nearly 180%.During that period, Greece saw GDP contractions almost every year, unemployment soar and incomes shrink. Just as Greece officially...
When trading forex as in most endeavors, it is important to start at the end and work backward to create your plan and figure out what type of trader you should be. In the heat of the moment, making objective decisions about your trades can be difficult, leaving you at the mercy of emotion and gut feeling. A trading plan helps you make logical decisions, even when the stakes are high. A good trading plan can act as your own personal decision-making tool, helping you decide what, when and how much you should trade. As a forex trader, you...
Alright, I totally get it. There are plenty of bad bosses around. When I took on part-time jobs to put myself through college, I even accepted that. I was hired for my looks and objectified by some bosses, but I needed those jobs as I was working towards my degree. I studied tourism as my youthful mind at that time envisioned a great career with plenty of travelling opportunities to see the world. After I realized that I may have been dreaming a bit too much, it was too late to change direction without losing three years of my life so I stuck...
After a two day meeting of the Federal Open Market Committee or FOMC, the division of the US Federal Reserve which decided on interest rates, a 25 basis point increase in interest rates was announced. This was widely expected by market participants and marked the third 25 basis point interest rate hike in 2018. This took US interest rates to a lower bound rate of 2.00% and an upper bound rate of 2.25%. The interest rate on excess reserves was increased by 5 basis points from 1.95% to 2.00%. The US Fed moved ahead with its gradual increase in...
When it comes to analyzing currencies on a fundamental level, many traders feel overwhelmed by the number of factors that impact currency exchange rates. While there are many factors that determine traders’ desire to invest in a country, comparing interest rates can be a good barometer for the strength of a country’s economy. The Federal Reserve, responsible for managing the monetary system of the United States, recently raised interest rates by 0.25 percentage points. All money flowing through the U.S. financial system...
