YTE Blog

Over the weekend, Greek Prime Minister Lucas Papademos won parliamentary approval for austerity measures to secure a second international bailout and avoid national bankruptcy. Out of 300 lawmakers, a total of 199 backed the bill. The passing of the austerity bill was a boon for market traders who ...

Last week, 2 major central banks slashed their interest rates by 25 basis points each. The Reserve Bank of Australia was the first to act, cutting rates from 4.75% to 4.5%. This was followed 2 days later by new ECB chief, Mario Draghi, who surprised everyone by cutting rates from 1.5% to 1.25%. Ra...