Greek gets bailed out but the GBP CHF and EUR continue
Posted on Tuesday, May 4th, 2010 at 6:01 am.
Fundamental part of trading you may know that Greece has struggle with their financial end. We do expect the continuation with all pair and looking to gain alot of pips out of the market. Trading with amount that could possibly will double or even triple accounts. You can also use the trading tool that we promote the forex magic stick. In forex education you will learn the right things to know when too use the tool and why the tool works. Trading with forex magic stick the results are amazing looking at the audusd has dropped and looking at all these pair making some very big moves. Some people can’t trade during london let magic stick do it all for you.
Fill that Gap and going back to Normal conditions
Posted on Monday, April 12th, 2010 at 11:49 am.
A lot of forex traders don’t know what to do when they see a GAP in the market. The GAP in the market was caused by the Greece bail out and knowing anything trading against the EUR or the GBP and CHF would Gapped. So in situations like that you trade like you are filling the gap and make some easy points. What is going to happen next is we want the market to start to normalize before jumping in and assume a direction. The volume from the market at this current time is very slow during Sydney session. I expect that with the Asian market things will start to move and then when london rolls around we might see some really good setups in the Market.
EUR what is going to happen next
Posted on Wednesday, March 17th, 2010 at 10:01 am.
March 17 The European Union warned that a dozen EU governments including Germany risk missing their deficit targets, a day after finance ministers adopted a bailout framework for debt-stricken Greece.
Germany, France and 10 other EU nations are using “favorable” economic forecasts to draw up their deficit- cutting projections, the European Commission, the EU executive in Brussels, said in a report today. It told most of the countries to either take further steps or explain how they will bring their budget gaps back within the EU limit of 3 percent of gross domestic product.
The German government projects GDP growth of 2 percent next year, compared with an EU forecast of 1.7 percent. For other countries the divergence is greater, with France forecasting 2011 growth of 2.5 percent, a full percentage point above the EU’s estimate. Spain sees 1.8 percent growth, more optimistic than the commission’s 1 percent forecast.
The euro area’s budget gap will more than triple this year from 2008 to the widest in the euro’s 11-year lifetime, according to EU forecasts, after governments pumped billions of euros into their economies to fight the worst recession in six decades. As concerns over Greece’s ability to pay its debts spill over into other countries, the risk premium on Spanish and Portuguese bonds has surged along with that on Greek securities.
Worst Recession
In Germany, Chancellor Angela Merkel today championed her government’s spending that helped Europe’s biggest economy through its worst recession since at least World War II. After 85 billion euros ($117 billion) in stimulus measures, Germany is emerging stronger than other nations, Merkel said in a speech to parliament in Berlin.
Germany forecasts a budget deficit of 5.5 percent of GDP this year, compared with an average 6.9 percent projected for the 16-nation euro region. The nation’s “budgetary outcomes could turn out worse than projected” partly because of “somewhat favorable growth assumptions,” the commission said.
For governments across Europe, “the main risks to consolidation stem from somewhat optimistic macroeconomic assumptions and the lack of specification of consolidating measures,” EU Economic and Monetary Affairs Commissioner Olli Rehn said in a statement.
Rehn yesterday attended a meeting in Brussels at which EU finance ministers worked out a strategy for emergency loans to help Greece with its fiscal crisis. Greece’s budget deficit was 12.7 percent of GDP last year, the widest in the EU.
The commission issued reports on Belgium, Bulgaria, Germany, Estonia, Ireland, Spain, France, Italy, the Netherlands, Austria, Slovakia, Sweden, Finland and the U.K.
EUR at 5 Month Low vs USD
Posted on Wednesday, January 20th, 2010 at 4:31 pm.
Greece continues to weigh heavily on the EURO as it fell to 5 month lows vs the Dollar in trading today. With most major economies showing some signs of life, the Euro zone’s recovery has been called into question with the debt woes that face not only Greece, but possibly Spain, Ireland and Portugal. Additionally, several key US banks have reported good fourth quarter earnings. For those who have not yet returned to profitability, like BoA, there are clear signs that if things continue on their current path they will soon reach that goal. All this has meant a significant drop in the EURUSD which is likely to continue into the near and, perhaps long term.
Euro Facing an Uphill Battle
Posted on Monday, January 18th, 2010 at 12:26 pm.
As each day passes it seems there is more concern about what to do with Greece. To make matters worse, there maybe 2-3 other EU nations soon facing the same situation. Portugal, Ireland and Spain are all said to be facing similar situations as it relates to their debt. All of these things could send the EURUSD down significantly in the near and perhaps, longer term. Check out an article on the subject at http://www.telegraph.co.uk/finance/comment/7012297/ECB-prepares-legal-ground-for-euro-rupture-as-Greek-crisis-escalates.html.
USD Moving Higher vs Majors
Posted on Friday, January 15th, 2010 at 11:58 am.
Friday the Dollar continued an overnight move higher against most major currencies. Woes in the EU surrounding the future of Greece have continued to plague the EURO which fell most significantly against the dollar. In a week of mix moves, perhaps the only sure thing is that investors aren’t ready to commit large amounts to longer term positions with so much uncertainty in the global economy.
