Board member Joerg Asmussen announced to a German business daily that the European Central bank (ECB) intends to back up the euro zone’s firewall by fusing whatever is left of its temporary bailout facility with its permanent fund. Eurogroup President Jean-Claude Juncker raised the suggestion of having the euro bloc to add up the remaining deposits in the European Financial Stability Facility with the 500 billion euros ($658.15 billion) that is purportedly intended for the European Stability Mechanism to form a super-fund. “In this way, we could reach …

In the stock market, after Greece finally decided to come to an agreement to and accept the austerity terms in order to get a financial rescue package, UK stocks soared to its highest since July recovering from a drop a week ago. Reaching 5,905.7 at the close in London, the FTSE 100 index climbed by 53.31 or 0.9 percent, the top so far since July 26. The FTSE-All Share Index (ASX) elevated also by 0.9 percent today and Ireland’s ISEQ Index increased to 0.1 percent.
This past week legislation …

The UK’s AAA credit rating was put on hot water as the ratings agency Moody’s made speculations that the current euro crisis as well as a credit squeeze on the banking sector is taking a toll on the country’s predicament on defaulting on its debts affecting future dealings on speculative derivatives such as spread betting and CFDs.
The decision was based on the euro zone’s outlook for institutional reform of its fiscal and economic framework and the amount of resources that will be utilized for combating the crisis.
Other countries included in …

The FTSE 100 ended running way ahead of the pack in the stock market as Greece was closing in to securing its financial rescue package. Things are looking bright as Greek politicians have come to acceptable terms necessary in order for the country to acquire its second bailout which could be approved as early as Monday.
In preventing Greece from experiencing financial bankruptcy, it would seem to be a very significant measure in putting market pressure off on other debt-laden countries included in the euro zone region while shielding the banking …

Financial spread betting will always invoke two negative emotions in every trader in the FX market; these being are fear and greed. Traders often commit the tremendous mistake of shifting to stop losses or in simple terms, closing a position too early. This is often done in haste by the spread bettor as they do not want of the possibility of encountering a large setback. Quite often this is done simply based upon human emotions rather than analytic data and facts. They can also be derailed by way of pushing …