DJIA Today: how long the plastic bonanza will last?

DJIA Today: how long the plastic bonanza will last? Since 2009 the US market was bullish. Nearly five years of quantitative easing led us to greatly inflated financial market and virtualy no real economy progress. Moreover, clever manipulation of DJIA components resulted in a strange and unique flavor of index itself. Let’s look closer on the DJIA today. Read more »

EUR/USD forecast 2015 has surprised sullen bulls

EUR/USD forecast 2015 has surprised sullen bulls. The EUR/USD recovered 46 points as the dollar adjusted to 1.0887 as markets adjust from Friday’s volatile session. The euro had little reaction to the German Trade balance today as traders remain focuses on the US dollar and the possible Federal Reserve interest rate increased to be discussed next week at the FOMC meeting. Over the weekend, Greek officials hinted at a referendum if the government is unhappy with terms of the rescue deal from creditors. “There may be problems. We can go back to elections. Call a referendum…But, as my prime minister told me, we are not glued to our seats yet,” Greek Finance Minister Yanis Varoufakis told Italian newspaper Corriere della Sera on Sunday. Read more »

As driverless cars are getting real insurers are getting worried

Driverless cars are a leap closer to reality. As they are no longer a pure fantasy they pose some risk for conventional business models in the insurance industry. Driverless cars will hit the road as soon as in ten years span, so insurers will have to adapt – or face severe consequences. Read more »

Doomed euro falls to 12-year low: EUR/USD today

Doomed euro falls to 12-year low: EUR/USD today. Doomed euro falls to 12-year low. Everybody hoped, but euro falls deeper, cause of bored Greece. The situation is getting worse every day. But Greek Finance Minister Yanis Varoufukis has another opinion. Read more »

The euro exchange rate fell against the dollar to 1.1083 today, 06.03.2015

The euro exchange rate fell against the dollar to 1.1083 today, 06.03.2015. The euro exchange rate fell against the dollar to 1.1083 dollars during today’s trading. So, its the lowest level since September 2003. What does it mean? As they say, EUR/USD could have parity in a few monthes. According to Bloomberg, the weakening of the euro due to the negative reports on the service sector in the euro area in February 2015. Read more »