. Is the crowd wrong? It isn’t… not always By Andreas Tserkezos Candidate Certified Financial Technician (CFTe) Technical Analysis & Research Department – YESFX LTD www.yesfx.com.cy Regarding Humphrey Neil, the crowd is correct many times. Turning points are what create problems to the majority, and the crowd comes along with wrong thoughts. The why is
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. Marcuard's Market update by GaveKal Research In the good old days, a US economic rebound would be an unambiguous, no-brainer buy signal for global assets in general, and high-beta Asian assets in particular. But today, of course, it’s complicated. Strong US growth only brings closer the day of reckoning: the start of the unwind
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Christoforos Pissarides, Nobel laureate economist and head of the National Economy Council of Cyprus said that the situation in the eurozone has become very unsatisfactory and that the single currency should either be rescued by rapidly making it more growth and employment friendly or be dismantled. “If we don’t make the reforms, we might as
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The 2014 state budget is focused on the reduction of expenditures, Finance Minister Harris Georgiades told parliament on Thursday, adding that cuts will reach around 10%. Speaking before the plenary session of the House of Representatives, Georgiades said that the government has taken a series of measures and succeeded in avoiding complete financial collapse or
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The Cypriot economy will continue to contract until 2017, according to the December 2013 forecasts issued by the ‘Big 4’ audit firm EY (formerly Ernst & Young), which notes that hope for economic recovery stems from Cyprus’ gas reserves, which are expected to boost investment and exports in the long term. In its projections, compiled
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Toyota has been declared the most successful brand in the 2014 TÜV Report for the fourth consecutive year with Germany’s leading technical inspection agency ranking 15 Toyota models within the top 10 positions of its reliability survey. The hybrid Prius took the number one spot in two categories for vehicles aged four to five years
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In the period of 2010-2012 the goss domestic product (GDP) per capita expressed, in purchasing power standards (PPS) and the actual individual consumption (AIC) per capita has decreased in Cyprus, while in Greece it marked a significant shrinkage due the economic crisis. According to the data released by Eurostat, the statistical office of the European
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President Nicos Anastasiades is paying an official visit to Egypt where he has presented investment opportunities in Cyprus, highlighting recentmeasures taken by the government to attract foreign investment. Speaking at a dinner in Cairo late on Wednesday, Anastasiades said that Cyprus and Egypt share common needs as well as the intense interest in securing peace
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* Cyprus at centre of bitcoin blunder; Central Bank says “no coin”, UNic maintains fee payment * The dust had hardly settled from the international bailout that brought the economy and the banking sector to its knees and a new storm is brewing over the central bank’s warning on Tuesday against the use of the
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Property prices continued to fall in the third quarter, according to the RICS Cyprus Property Price Index, that showed significant reductions in all major urban areas, with sale and rent prices dropping. Nicosia and Limassol are in the worst position, as these were the least affected areas until the second half of 2012, said the
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