Search Results for: euro zone
Italy may trigger collapse of European economy
July 11th, 2016
No emergency measures of either the European Central Bank or any other central banks can rescue the European banking system that currently stands on the verge of collapse. The shares of Europe’s largest financial institutions – Deutsche Bank and ...
Elliott Wave Analysis: GBPUSD Searching For A Bottom; 1.2650 Zone Could Offer A New Turnaround
July 7th, 2016
GBPUSD fell sharply lower two weeks back after vote counts for EU membership showed that UK wants to leave the Euro zone. Pair fell to a new low which was technically expected as you know since we counted bounce ...
Brexit isn’t the most serious threat to the EU — the euro is
July 4th, 2016
Brexit isn’t the most serious threat to the EU — the euro is One surprising thing about Britain’s vote to leave the EU is that Britain’s economy has been doing better than a lot of European countries. Unemployment in ...
European markets set to follow Asia lower; oil under pressure
June 10th, 2016
European markets are expected to open mixed to mostly lower on Friday, as weaker trade in Asia and a fall in oil prices weighed on sentiment. The London FTSE 100 index is called to open 3 points lower at ...
The European Central Bank keeps key interest rates at historic lows
June 2nd, 2016
The European Central Bank held key interest rates at historic lows Thursday, but made no announcement regarding Greece despite speculation it may offer a helping hand to its cash-strapped banks. Meeting in the Austrian capital instead of its usual ...
European stocks suffer 2nd straight fall
June 2nd, 2016
European stocks finished lower Wednesday, with mining shares among the biggest laggards after lackluster Chinese manufacturing data underscored worries about the health of the world’s second-largest economy. The Stoxx Europe 600 SXXP, -0.96% fell 1% to end at 344.12. Among financials, UniCredit ...
European car manufacturers face fines of up to €2 billion
May 30th, 2016
Several European car manufacturers have hefty fines hanging over their heads if they are unable to meet the new emission standards set by the European Union. Those with a cloud around their performance include Jaguar Land Rover, BMW, Volkswagen, ...
Nearly half of Europeans are in favor of voting on their EU membership
May 9th, 2016
Almost 50 percent of voters in eight big EU countries are in favor of voting on their membership, a survey has found. The results come just weeks before the UK heads to the polls for their EU referendum. According ...
A Currency War Battle That Europe and Japan Can’t Afford To Lose
May 5th, 2016
The dollar is tanking lately. From a high of around 100 in December, the dollar index — which measures USD against a basket of foreign currencies — is down about 8%, and the decline is steepening. In counterintuitive currency ...
TICKING TIME-BOMB: Greece set to run out of cash by MAY pushing Europe into ANOTHER crisis
April 28th, 2016
DEBT-ridden Greece is dangerously close to running out of cash and plunging the eurozone into a fresh crisis. Athens desperately needs £4 BILLION worth of aid from creditors but is refusing to make any further cutbacks to government spending. ...
