The minutes of the last US Federal Reserve meeting showed that several voting members of the FOMC were open to tapering the current $85 billion economic stimulus package known as QE3. QE stands for quantitative easing which was started by outgoing US Fed Chief Ben Bernanke in an attempt to stabilize the US economy during the Great Recession. While QE3, as well as the previous two stimulus packages, have artificially kept the US economy afloat and outside of a technical recession, defined as two consecutive quarters of negative GDP, the long...
A top international economic body warned this week that Greece's crippling recession is likely to continue into next year, and urged bailout creditors to intervene as soon as possible to make the country's debt sustainable. The Organization for Economic Cooperation and Development said the Greek economy, which is shrinking for a sixth consecutive year, would contract another 0.4 percent in 2014. In contrast, the Greek government forecasts 0.6 percent growth. "We are half a decade into the longest, deepest economic crisis that...
There are plenty of mistakes new traders make and they tend to repeat the same mistakes over and over again. This does not only hurt their progress as forex traders, but it also reduces their profitability. There is a growing number of new traders who could increase their profits and operate their portfolio much better, but making these five mistakes limits their success. Unfortunately with the increase of popularity of forex trading too many rush into trading and do not take the proper time to learn the basics. Many think they can rush the...
PaxForex team wish you Happy Holidays. Find out Forex Holiday Trading hours: December 24, 2013 - January 2, 2014 All time is referring to the Server time (GMT+2) Date Trading hours Customer service Hours December 24, 2012 Close at 09:00 PM Close at 09:00 PM December 25, 2012 Closed Closed December 26, 2012 Open at 09:00 AM Open at 09:00 AM December 31, 2012 Close at 06:00 PM Close at 06:00 PM January 1...
Today is Christmas Eve which will be followed by Christmas tomorrow while some countries also celebrate a second day of Christmas on Thursday. Since this year the celebrations fall in the middle of the week most traders decided to enjoy a longer break and took vacation days which means their probably enjoyed their last day trading forex last week on Friday. It is good to take some time off from the joy and stress of trading and Christmas is the preferred time for traders from Europe through Asia and into the American continents to take some...
