The euro fell to a 29-month low against the USD on Tuesday, as the announcement of early elections in Greece has caused new aggravation of the political crisis. The ruling coalition on Monday failed to manage in getting enough votes in parliament for its presidential candidate, and, as a result, the country will face early elections next year. Markets fear that the radical left Syriza party could win elections and cancel the agreement on international financial aid to Greece. Euro at some point during the session touched $ 1.2130, the...
CFD's are derivative of the securities. Such situation has developed for the reason that the dynamics of price movement of Contract for Difference on securities (shares) fully coincides with the dynamics of stock price movements, which are the underlying asset of CFD. As for the differences, they largely based on the fact that transactions with CFD does not lead to the ultimately changing in personal right to own shares. And here it is necessary to consider a few things. 1. First of all, it gives you the opportunity to get rid of any extra...
The Organization of Petroleum Exporting Countries (OPEC) will not cut production, even if oil prices fall to $ 20 a barrel, said in an interview with Middle East Economic Survey Saudi Oil minister Ali Al-Naimi. He noted that regardless of oil price placement, cutting the production is not in the interests of OPEC producers. No matter will it fall to $ 50, $ 40 or even to $ 20 per barrel. According to the minister, the world may never see oil at $ 100 a barrel. "If Saudi Arabia will lower production, prices will go up, and Russian, Brazilian...
This week marks a short trading week due to the Christmas holidays which are observed in the developed world which means major trading hubs such as London, New York and Sydney will be closed as traders will take off time to celebrate this major holiday. The forex market will be open, but trading volume will be razor thin which means liquidity will also be severely reduced as there are simply not enough traders in the market place. Forex traders who decide to trade should be aware that tomorrow on the 24th of December many trading floors at...
PaxForex team wish you Happy Holidays. Find out Forex Holiday Trading hours: December 24, 2014 - January 2, 2015 All time is referring to the Server time (GMT+2) Date Trading hours Customer service Hours December 24, 2014 Close at 08:00 PM Close at 08:00 PM December 25, 2014 Closed Closed December 26, 2014 Open at 09:00 AM Open at 09:00 AM December 31, 2014 Close at 06:00 PM Close at 06:00 PM January 1, 2015 Closed Closed January 2, 2015...
