Forex broker reviews

Vantage FX (http://www.vantagefx.co.uk/) provides a daily overview of the news activity and announcements currently shaping currency movements across the world. Jay Mawji, the company’s head of market analysis, takes a look at news surrounding Eurozone economies on 30th May 2012. There you have it. Speculation about Spain falling short and following Greece out of Europe has certainly sensationalised the Eurozone crisis. In reality, however, the European Commission appears a little more attracted to sensibility that sensationalism. Spain was given the lifeline it has been in desperate need of by the European commission. As it stands, investors have all but abandoned Spain as borrowing costs have risen above 7%, and the Spanish equity markets have been drained as investors flee to Germany and the US for less hostile investing grounds. Spain’s worries intensified when it was announced that they were unlikely to meet the strict austerity targets from the Eurozone, which spread fear that they would be rejected from the European Union (in the worst case). The European commission today allowed Spain an extra year to reach its target of deficit reaching 3% of GDP. This is something Spain has accepted and they are putting together a proposal that will satisfy the European commission on how they will achieve this. A second helping hand comes from the European Union which will give Spain the necessary capital to sure up its struggling banking sector, which has virtually crumbled in the past few weeks. With Bankia now being propped up by the government (who can’t afford it!), any form of security in the financial services will go a long way to settling the troubled state. The helping hand is a good thing, but it also shows the European commission is as worried about the Eurozone as we are! Keep your finger on the pulse of the markets with daily commentary from Vantage FX. Visit: http://www.vantagefx.co.uk/market-news/market-news/ 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 a FX 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 FX trading demo account. For further information, visit http://www.vantagefx.co.uk/