On the eve of Christmas and New Year the clients of our company will not be left without presents. It can’t be otherwise! After all, the mutual trust that we have with you, provides reliability, stability and prosperity, and thus the success of our cooperation!Work with true professionals is a valuable experience, which is the key to success in any business. Our trust and mutually beneficial cooperation allowed to overcome many difficulties and maintain stability and security in our relations. The outgoing year will go down in history as...
The 17 member Eurozone economy has contracted 0.1% in the third-quarter of 2012 as the debt contagion started to bite northern economies such as Germany and the Netherlands. The Eurozone economy contracted 0.2% in the second-quarter of this year. This is the first technical recession in the past three years, but to most citizens in the economy block it felt like the recession never ended. The economic outlook is very negative and the recession is poised to deepen in the next few quarters which will amplify the problems in the financial...
The U.S. Department of Labor’s Bureau of Labor Statistics released April’s Employment Report. On Wednesday we received the ADP report which showed a slowdown in private sector hiring and we cautioned forex traders about the release of today’s data (Protection against Friday’s Employment Disappointment). Economists surveyed expected the U.S. economy added 148,000 jobs; we called for job growth to clock in at 89,000 jobs. Today, the BLS surprised all market participants with a 165,000 figure and additionally...
German Chancellor Angela Merkel today announced that Germany backs ECB President Mario Draghi’s plans he outlined at the beginning of August to purchase bonds of troubled Eurozone members in order to, well in order to see what that does to say the best. The ECB believes that bond purchases would do more than to intoxicate the ECB balance sheet and actually thinks it will be beneficial to the Eurozone economy. Merkel reiterated at a joint press conference in Canada with Prime Minister Stephen Harper that EU leaders understand the debt...
