The Greek government acknowledged yesterday that it will miss its deficit targets this year. Under pressure from the troika, Greece has also agreed to take some extra €6.6 billion in new austerity measures in 2011 and 2012 to bring its budget back on track.

The price of an ounce of Gold dropped by more than $100 on Friday in response to the skyrocketing US dollar and rumors of the liquidation of positions by large hedge funds.

US Equities dropped sharply lower on Wednesday as the Fed painted a bleak picture on the economy, while the new measures failed to convince markets. The S&P ended 3% lower led by a 5% sell-off in financials’ shares. This morning, also Asian shares are losing ground.

US Equities reversed their gains late on Tuesday to end the session broadly unchanged. The S&P ended 0.17% lower. This morning, most Asian shares trade in positive territory, led by Chinese ones. The IMF cut its forecasts for global growth to 4% and warned of severe repercussions to the global economy unless the euro zone nations strengthen their banking system and the US gets its fiscal affairs in order.

US Equities reversed some their opening losses on Monday to end the session 1% lower. The S&P dropped 0.98% led by financials. This morning, Asian shares trade mixed to slightly higher. Rating agency Standard & Poor’s downgraded its unsolicited long- and short term

US President Obama will outline today his blueprint to return the US to fiscal health in a speech. According to administration officials, Obama will unveil a tax reform plan that is tilted against the wealthiest and will cut health programmes for the elderly and save money through the withdrawal of troops from Afghanistan and Iraq.

Here is a list of economic events that could provide the right conditions for a lucrative Forex Binary Option investment to finish in-the-money this week.

US Equities rose for a third consecutive session on Wednesday led by gains in industrials. This morning, most Asian shares trade in positive territory…

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