Forex
online trading news are witnessing market volatility due to the euro’s
constant ups and downs that have brokers puzzled over how the Eurozone’s
debt crisis will develop and if the continent’s most important
institutions will manage to emerge stronger from it.
This week will prove crucial for the Eurozone’s future and euro market
behavior, as regional leaders will meet to discuss Greece’s fiscal
adjustment program and Spain’s debt bond auction.
In effect, The euro surged on Tuesday, pushing back through the $1.2468
level against the dollar and strengthening 0.9 percent to reach the
98.95 level against the yen, rising to a six-week high before this
week’s meeting, amid optimism that the European Central Bank will step
in to stabilize peripheral bond markets.
“Debt-crisis developments have been enough to give the euro a bit of a
pop”, said Brian Kim, a currency strategist at the Royal Bank of
Scotland Group Plc in Stamford, Connecticut. “The headlines we have been
seeing in terms of what may happen –concessions are possible- are
giving people a little bit of a boost”, concluded Kim.
One of these forex online trading headlines is brought by the possible
concessions for Greece made by German chancellor Angela Merkel’s party,
“so long as the Prime Minister Antonis Samaras shows a willingness to
meet the main targets set out in his country’s bailout program.”
Samaras will travel to Berlin and Paris on August 24th and 25th, after
French president Francois Hollande and Merkel meet in the German capital
on August 23rd and discuss a request by Samaras for a two-year
extension to the indebted nation’s fiscal adjustment program.
The other headline comes from a report that states that the European
Central Bank (ECB) will set a cap on bond yields, amid an expected
Spanish aid request.
“The fact is that we and the markets expect the ECB to intervene in the
secondary market, whenever there is a Spanish request for assistance”,
said Lloyds Bank Wholesale Banking & Markets.
In effect, Spain may be forced to follow Greece, Portugal and Ireland
and seek emergency funding from international lenders. Forex online
trading markets are expecting a considerable amount of help, on top of
the €100 billion Spain has already received.
The hurdles are still high, but European leaders seem to be working
towards more positive forex online trading results. According to Callum
Henderson, global head of currency research at Stanford Chartered Pic in
Singapore, “this is a period of calm before a resumption of the bear
trend for the euro”.
“Europe`s common currency has advanced 0.6 percent over the past month,
still, it has weakened 12 percent against the dollar over the past
year, so we are going to have to wait for the latest developments”,
concluded Henderson.
Forex online trading news are witnessing market volatility due to the
euro’s constant ups and downs that have brokers puzzled over how the
Eurozone’s debt crisis will develop and if the continent’s most
important institutions will manage to emerge stronger from it.This week
will prove crucial for the Eurozone’s future and euro market behavior,
as regional leaders will meet to discuss Greece’s fiscal adjustment
program and Spain’s debt bond auction. In effect, The euro surged on
Tuesday, pushing back through the $1.2468 level against the dollar and
strengthening 0.9 percent to reach the 98.95 level against the yen,
rising to a six-week high before this week’s meeting, amid optimism that
the European Central Bank will step in to stabilize peripheral bond
markets. “Debt-crisis developments have been enough to give the euro a
bit of a pop”, said Brian Kim, a currency strategist at the Royal Bank
of Scotland Group Plc in Stamford, Connecticut. “The headlines we have
been seeing in terms of what may happen –concessions are possible- are
giving people a little bit of a boost”, concluded Kim. One of these
forex online trading headlines is brought by the possible concessions
for Greece made by German chancellor Angela Merkel’s party, “so long as
the Prime Minister Antonis Samaras shows a willingness to meet the main
targets set out in his country’s bailout program.” Samaras will travel
to Berlin and Paris on August 24th and 25th, after French president
Francois Hollande and Merkel meet in the German capital on August 23rd
and discuss a request by Samaras for a two-year extension to the
indebted nation’s fiscal adjustment program. The other headline comes
from a report that states that the European Central Bank (ECB) will set a
cap on bond yields, amid an expected Spanish aid request. “The fact is
that we and the markets expect the ECB to intervene in the secondary
market, whenever there is a Spanish request for assistance”, said Lloyds
Bank Wholesale Banking & Markets. In effect, Spain may be forced to
follow Greece, Portugal and Ireland and seek emergency funding from
international lenders. Forex online trading markets are expecting a
considerable amount of help, on top of the €100 billion Spain has
already received.The hurdles are still high, but European leaders seem
to be working towards more positive forex online trading results.
According to Callum Henderson, global head of currency research at
Stanford Chartered Pic in Singapore, “this is a period of calm before a
resumption of the bear trend for the euro”. “Europe`s common currency
has advanced 0.6 percent over the past month, still, it has weakened 12
percent against the dollar over the past year, so we are going to have
to wait for the latest developments”, concluded Henderson.
Article Source: http://www.tradeviewforex.com
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