Ukrainian Globalist

The exchange rate depends not on the euro in Greece or Hungary, and from one of the countries – the founders of the euro area … The future of the euro looks unreal. Greece went into the background, now it is just “the opening act.” All eyes are on Spain, a country that is destined to have a significant impact on the future of the euro, as well as to determine whether a new system of management control over the budgets of the Eurozone countries. It will be a crisis in Spain – the situation will change for the better in the world.

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Gold price set a new record against continuing fears over the economic outlook in Europe on Friday, 18 June. As a result of the regular trading session on the New York Mercantile Exchange, NYMEX, the August futures for gold delivery have risen by 0,8% to $ 1,258.30 per troy ounce.

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World stock indices resumed their decline under pressure from fears of spread of the credit crisis on the euro area, as well as on the background of growing geopolitical tension in Asia. Speculative capital, has long nourished the growth of stock markets, leaving the risky assets, contributing to a very “blow” emerged on the market “bubbles”.

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Dow Jones Industrial Average will repeat the fate of Russian indices. Such opinions are most investors. Faith in the Dow Jones can finally come to naught, if new reports of the U.S. economy will please not speculators and the U.S. stock market bulls. In the last hour of trading on Wall Street were swept away by all the achievements of the previous day because of fear of “defeat” the financial crisis of eurozone sovereign debt.

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