Italy reported that its economy squeezed by 0.7% in the second quarter of 2012. Early expectations stood on a drop of 0.7%, after a drop of 0.8% in Q1, 0.7% in Q4 and 0.2% in Q3. With this report, Italy completes a full year of recession. On a yearly basis, the Italian economy squeezed by 2.5%. EUR/USD traded at around 1.2415 before the publication and is around the same levels now. Earlier, Italy reported a drop of 1.4% in its industrial production. This was worse than a drop of 1% that was estimated. The previous month saw a rise of 1%. Italy, the euro-zone’s third largest country, is also suffering from a rapidly rising unemployment rate. Italian PM Mario Monti was very active recently in trying to shore up the euro-zone. More details about the Italian situation are in the monthly report, which you can download below. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next EUR/USD August 7 Edging Higher on Expectations of ECB Kenny Fisher 11 years Italy reported that its economy squeezed by 0.7% in the second quarter of 2012. Early expectations stood on a drop of 0.7%, after a drop of 0.8% in Q1, 0.7% in Q4 and 0.2% in Q3. With this report, Italy completes a full year of recession. On a yearly basis, the Italian economy squeezed by 2.5%. EUR/USD traded at around 1.2415 before the publication and is around the same levels now. Earlier, Italy reported a drop of 1.4% in its industrial production. This was worse than a drop of 1% that was estimated. The previous month saw a rise of… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
