Euro-Dollar edged higher to near the round-level resistance of 1.0800 in European trading on Friday, with the performance of the currency pair remaining weak in the past few days. EURUSD failed to discover significant buying interest, even though the Fed has leaned towards pivoting to policy normalisation in September. On Wednesday, the Federal Reserve kept … Read more
In the near future, the Cyprus property market is expected to continue on its dynamic path, however, it will not be a bed of roses, and strategic planning will be crucial to navigate changes and challenges ahead. In the next couple of years, we should expect to experience moderate growth as high interest rates stabilise … Read more
EURUSD is clinging to gains above the crucial support of 1.0800 on Tuesday as the Dollar remains under pressure due to firm market speculation that the Fed will start reducing interest rates in September. According to the CME FedWatch tool, traders see a 77% chance that interest rates will be lower than current levels in … Read more
The EURUSD corrected to a near round-level figure of 1.0800 in Thursday’s late European trading. The major currency pair faces pressure after a bullish Wednesday, when it rallied to 1.0850 from an almost six-week low of 1.0720 after the US Consumer Price Index (CPI) data for May was cooler than expected, weighing heavily on the Dollar. Later … Read more
The Cypriot political scene has many “characters” who win or are rewarded even when they lose. Another “character” getting elected won’t end the world. A protest vote is viewed as a serious matter, but some see it as glorifying nothingness. The rise of the far-right in Cyprus is seen as a natural consequence, requiring an admission of mistakes made by various institutions.
The far-right party ELAM has gained significant political space in Cyprus, attracting voters from various parties. This rise of the far-right is not just a Cypriot issue but a European and international phenomenon. The far-right thrives on crises and social inequalities, offering what seems like an attractive alternative to traditional parties. Despite some missteps, ELAM continues to influence public discussions and set the agenda, posing a potential nightmare for other parties and society as a whole. The focus should be on countering the far-right through effective policies and addressing pressing issues to prevent the normalization of fascism.