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Article / 15 March 2017 at 15:13 GMTAlmost 10 years after the outbreak of the financial crisis, Greece is still hit extremely hard. The IMF and OECD think it cannot tackle its debt burden alone. But German politicians argue against debt relief.Read the article
Squawk / 09 October 2016 at 3:13 GMTWeekly Trading Forecasts on Major Pairs (October 10 - 14, 2016)
Dominant bias: Neutral
This pair remains neutral in spite of strong volatility witnessed on other pairs and crosses last week. Price simply went below the support line at 1.1150 and then moved towards the resistance line at 1.1200, closing at 1.1200. The neutral bias would persist for some time, but a strong momentum is expected soon. Price needs to go above the resistance line at 1.1350, or below the support line at 1.1050, before it could be said that the neutral bias is over. This week, the most probable direction for EURUSD and some other few EUR pairs, is downwards.
Dominant bias: Bullish
This currency trading instrument is neutral in the long term, but bullish in the short-term. Price went upward on Monday and Tuesday, nosedived on Wednesday, and went upwards again on Thursday and got corrected again on Friday.
Article / 29 July 2015 at 11:30 GMT
Russia battens down the hatchesRussia's economy shrank 4.2% year-on-year in June, showing a deeper decline than earlier this year. The economy ministry does see some light in the headline stats, but its own analysis of economic trends poises some uneasy questions.Read the article
Editor’s Picks / 12 January 2015 at 23:07 GMT
Japan plans record budgetBloombergJapan is planning a record budget for next fiscal year to support an economy that fell into recession after Prime Minister Shinzo Abe’s government increased the sales tax, write Masaaki Iwamoto and Kyoko Shimodoi for Bloomberg. Government ministers and the ruling coalition parties approved the JPY 96.34 trillion ($814 billion) budget proposal for the 12 months starting April 1 at a meeting in Tokyo on Monday. Japan, which is fighting to rein in the world’s heaviest debt burden, will see tax revenue rise to the highest level in 24 years while new bond issuance declines to the lowest since 2008. The government has already boosted public works and assistance for small businesses through a supplementary budget for the current year.Read article on Bloomberg