2012 January | Forex Trading TV Video Blog

Archive for January, 2012

EU Fiscal Treaty Rejected by David Cameron

By Brian Tieling on January 31, 2012 -

Following yesterdays EU Brussels summit, 25 EU member states have agreed in principal to come together on a fiscal treaty to enforce European budget discipline in a brave attempt to ward off future debt crisis. Only 2 EU members refused to signup, the UK and Czech Republic. In Britain the PM was quoted "my government would act if the treaty threatened UK interests" following up with justification for refusing to add his signature, that he has "legal concerns" regarding the the use of the EU and it's many institutions to enforce... ( read more )

Greece Leading EUR into Potential Meltdown

By Brian Tieling on January 30, 2012 -

Stock & Currency Markets fell further yesterday as experts and politicians became increasingly worried about the chances of reaching an agreement on the debt restructuring plan for Greece. Last week and continuing on Sunday politicians began promising that a deal was 'all but done' and final details should be agreed by the end of this week leading to signing and ratification by Greek leaders and EU Partners. This promise is increasingly looking empty leading many to start internalizing the very real potential of a Greek bankrup... ( read more )

Greek Debt Deal to be Completed this Week

By Brian Tieling on January 29, 2012 -

From Wall Street Journal Greece and its private sector creditors said Saturday they were on the verge of a deal to write off €100 billion ($132 billion) worth of the country's debt, pending the outcome of separate talks on a new, multi-billion euro bailout for Athens. In separate statements, Greece and the creditors both noted significant progress in the talks and said a final deal would be announced next week in tandem with the new loan program. Effectively, the focus now shifts to a European summit in ... ( read more )

After New Sanctions Iranian Rial Falls Further Against t...

By Brian Tieling on January 25, 2012 -

EU sanctions on the Iranian economy yesterday forced an imediate reaction on the currency markets. The Rial, official currency of the Iranian people has now fallen by over 71% against the USD since September last year. Senior US Treasury Department statement dedicated this directly to the measures imposed by the U.S. and international partners on the Tehran leadership. After yesterday's new Oil sanctions, the Rial fell back a further 10% and met its new record levels. The EU officially passed new sanctions focusing on oil imp... ( read more )

January 24, 2012 - Greek bailout update & is Portugal next?

By Brian Tieling on

In the early morning market trading the EUR fell from its three week high against the USD whilst at the same time Asian markets were able to enjoy an upswing after a positive move on Monday trading. Yesterday a number of senior EU Finance ministers met in Brussels though not only was there no concrete plan agreed upon, the increasing concern over failure to reach an agreement suffered an additional significant setback. There is now real concern amongst European policy makers and traders that Greece is heading towards a default. T... ( read more )

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