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Christine Lagarde Thinks Only 3 Months is Left to Save Euro

12 June 10:02 AM

Forex news, Euro rate. In her interview to CNN, IMF head Christine Lagarde claimed that only 3 months was left to save Eurozone. After this, its collapse will be inevitable. Let us remind that last week a billionaire George Soros expressed similar opinion.

IMF head supposes that the problems of Eurozone may be solved by moderate but stable reduction of national debts in European countries. In this reference Christine Lagarde has highlighted that such process is to be achieved by means of austerity. She said that at present there is no necessity to comment on the fact if Greece will remain a part of Eurozone, as this is the matter of political will.

However, governmental bodies of some European countries have already started preparing to the possible quitting of Greece, and political uncertainty due to coming elections on June 17 keeps rising. Possible measures, regarded by the government, include suspending Schengen agreement, providing limits on money withdrawal from bank accounts, and controlling the capital of Greece.

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Experts: EURUSD Will Drop Down To 1,15

It seems like more and more experts feel bearish on the near-term prospects of the common European currency. Some of them say that EURUSD may even drop down to 1,15 in late 2013. If this is the case, this will be the lowest level in 10 years.

Publication date: 17 May 10:35 AM

The current weakening of the Japanese Yen was fairly predictable for investors. However, after USDJPY exceeded the 100 limit, experts got divided over the prospects of the currency pair.

Publication date: 17 May 06:27 AM

Yesterday, on May 15^th 2013, Eurostat published a eurozone GDP report, which reflects the economic dynamics in al the 17 countries. The figures turned out to be much worse than expected. In Q1 2013, the aggregate GDP dropped by 0,2% as compared to the previous quarter. At the same time, tere was a 1% decline year-over-year.

Publication date: 16 May 05:06 AM

Stability is a cornerstone of success. While standards can change, such things as quality, reliability and safety will always be of great value.

There are hundreds of broking companies. However, few of them can actually boast premium-quality services and competitive trading conditions. Larson&Holz is one of such broking companies.

The company keeps evolving and improving the existing products and services while staying client-oriented and focused on innovation.

Not so long, the broking company offered even better trading conditions on NDD-based trading accounts. Let’s have closer look at the offer.

Publication date: 15 May 08:51 AM

These days, few people do not know about Forex. Most people know that this is a currency market that gives everyone an opportunity to make money by trading currency pairs. Unfortunately, there are many people that treat Forex as some kind of a scam or bingo play… or they are sure that it is impossible to trade Forex profitably. Indeed, most traders do lose in the long run, but this is how it works. This holds true for any market.

This is a rather controversial issue that needs comprehensive analysis.

Publication date: 14 May 12:08 PM

What is the key factor of successful trading? There is no universal answer to this question. Everyone can give his own reasoning. However, the most typical answers include:

Publication date: 14 May 09:49 AM

The Bank of England has left its policies unchanged. The MPC is probably not going to make any major changes until the new BOE Governor takes office.

Publication date: 13 May 07:11 PM

Japan’s external account showed bigger surplus in March. The actual figures reached ¥1251bn. This was a major increase against ¥637bn in February.

Publication date: 13 May 06:57 PM

As the Australian rate of unemployment kept growing steadily in April, this may indicate an investment decline in the mining sector. Multiple mining companies curtailed some projects and got focused on exports to Asian countries. This might well result in further interest rate cuts.

Publication date: 13 May 06:45 PM

If you have been a Forex trader for a while, you could have noticed that today’s Forex industry has become extremely competitive. There is excessive demand. That is why brokers are literally forced to improve their products and services along with trading conditions, not to mention innovation. On top of that, traders become more and more sophisticated and demanding.

Publication date: 13 May 03:55 PM

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«Market Leader» - news and previews making you rich.

Foreign exchange market

Christine Lagarde Thinks Only 3 Months is Left to Save Euro

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