After the Greek government announced a nationwide referendum on the fate of Greece as a Eurozone member on June 28th, European banks lost 50 billion EUR or market capital, European media report.
Ukrainian lenders and professional advisors dealing debt restructuring are going to meet in New York this week. The meeting is designed to discuss some technical issues related to the structure of the Ukrainian debt and clarifying those ambiguous points that seem unclear to the holders of Ukrainian bonds, Market Leader reports.
Greece has been in the headlines for quite a while. The Greek economy is on the verge of falling into the abyss of recession after defaulting on its debt. However, it is still unclear whether Greece are going to quit the Eurozone. There are almost zero chances to save the day. However, the existing Greek government is currently trying to avoid responsibility for the disaster Greece has found itself in. As you probably know, the local authorities are going to hold a nationwide referendum to let the Greek people decided the fate of their homeland as well as their own destinies.
As FX traders become more sophisticated, the FX industry evolves as well. Client-oriented Forex brokers come up with innovative solutions for more comfortable and efficient trading. This includes improving trading conditions and even creating new types of trading accounts.
According to the analysts working for Credit Suisse, the odds of Greece quitting the Eurozone is 1/3. They assume that in case the so-called Grexit does happen, the Eurozone is unlikely to suffer a lot for it. This opinion is included in the latest overview for investors.
These days, more FX brokers offer their clients swap-free accounts. What are the benefits and advantages of such accounts? Can we count on more substantial profits while making use of them? The expert team of an FX company named Orbex helped us to answer these questions.
As you know, summertime is a time for vacation, which means Fx traders can rarely find excellent trading opportunities amid flat markets and decreased volatility and liquidity. Less volatility means less substantial profits. Still, you can benefit from trading major news or events.