Much is being done of the fact that Greece could be on the verge of reaching of some kind of agreement with its creditors. It started a few months ago when Sarkozy supposedly negotiated a “voluntary” forgiveness of about 50% of debt held in private hands. This includes hedge funds, banks, pension funds and other [...]

Sparks are flying around the globe as markets are getting ready to open after the weekend. Following volatility of last week and the S&P downgrade of US debt rating, many are bracing for extreme conditions, perhaps even a repeat of 2008 panic. Trying to prevent it, financial authorities from the G-20 economies held a telephone conference Sunday, discussing possible steps they could [...]

Breakouts are among the most popular trading strategies. The concept is simple – to get in on a price move at a time when it is surpassing a previous high or a low. There is a good logic behind it, after all, in order to reach new extremes, the price must clear existing ones. They [...]