FXstreet.com (Barcelona) - Now that the Greek elections are out of the way, the center of the euro debt crisis will focus back again on Spain. Scotiabank believes that "focus is likely to return to Spain this week, given the upcoming release of the private sector stress tests. The details of the stress test have reportedly already been submitted to the Spanish government, and whispers suggest a need for €150bn. The Spanish banking sector's fortunes continue to deteriorate as a result of weak loan performance, where metrics have weakened to levels not seen since 1994." In fact, 10 year government bond yields breached the 7% barrier yesterday, the level that prompted the governments of Greece, Portugal and Ireland to seek bailouts.
The fear is that the 4th largest economy of the euro zone is too big to fail but too big to bailout. Scotiabank sees that a possible rate cut from the ECB might be on the way. It notes that "at the most recent ECB press conference, President Draghi had stated that the decision to hold rates had been one made by 'consensus', indicating that some members of the governing council had already argued for rate cuts. This new development increases the chances of a rate cut at the next ECB meeting on July 5th."
Vantage FX UK Launches MetaTrader 4 for Mac - msnbc.com
LONDON, UNITED KINGDOM — It is official: Mac traders can finally take advantage of MetaTrader 4, thanks to Vantage FX UK (http://www.vantagefx.co.uk/).
MetaTrader 4 has long been regarded as the platform of choice for currency traders who operate on PCs. Now, with the launch of a brand new desktop program exclusive to Vantage FX UK, Mac users too can take advantage of essential currency trading tools such as simplified analysis and 50 built-in indicators.
To download MetaTrader 4 for Mac, traders simply apply for a free demo account from Vantage FX UK and follow the instructions provided.
As well as desktop trading, Vantage FX UK allows traders to analyse the markets and manage their Forex trading on the move with real-time mobile Forex trading. Vantage FX droidTrader, Vantage FX BlackBerry Trader and Vantage FX iTrader are free applications available from the Android Market, BlackBerry App World and App Store respectively, and give traders mobile access to trading tools including charting packages, an economic calendar and a range of Forex calculators.
Try Vantage FX UK for free by opening a MetaTrader 4 demo account with the company at:
http://www.vantagefx.co.uk/get-trading/demo-account/
Trading derivatives and Forex carries a high level of risk to your capital and you should only trade with money you can afford to lose. Forex trading may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
About Vantage FX UK
Vantage FX UK is an internationally recognised currency trading broker based in the City of London, providing foreign exchange trading services to clients in the UK, the EU and the rest of the world.
What sets Vantage FX apart is its wide range of services and outstanding level of customer support. The company strives to provide an intuitive, interactive Forex experience by continually innovating and taking advantage of the latest trading technology, such as MetaTrader 4 and Expert Advisors.
Vantage FX also offers extensive educational resources to help give traders their edge, keep up with daily market commentary and try a Forex trading demo account.
© Marketwire 2012
Forex Flash : OT2 more likely than QE3 – Standard Chartered - FXStreet.com
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