The Italian Prime Minister Mario Draghi wanted to resign yesterday, after the Five Star party, which is the second biggest party in Draghi’s coalition government, boycotted a confidence vote in the senate; they didn’t quite like Mario’s response to the economic crisis. Draghi said that the loyalty agreement, which was the foundation of this government […]
The post The Draghi Drama appeared first on Action Forex.
EUR/USD is consolidating near 1.1532 on Wednesday, with markets adopting a wait-and-see stance ahead of the Federal Reserve’s decision. The Fed is widely expected to keep rates unchanged. Investor attention will focus on Jerome Powell’s Read more…
Switzerland’s economic outlook has been revised slightly lower as the fallout from the Middle East conflict continues to ripple through global markets. The Federal Government Expert Group on Business Cycles now expects GDP growth of Read more…
The market is fixated on the threat of accelerating inflation driven by high energy prices. As a result, central banks are expected to adopt a tighter monetary policy, keeping rates at high levels or even Read more…