Euro selling continues
Disclaimer: THIS MATERIAL IS NOT INVESTMENT RESEARCH AS DEFINED BY THE FINANCIAL SERVICES AUTHORITY
The Euro continues to suffer despite a €110 billion bailout package on concern Greece will not be able to cut its debt sufficiently to avoid default. Euro zone finance officials are hoping the package will be sufficient to prevent the problems flowing over to Portugal and Spain.
This afternoon the Euro has traded below $1.31 for the first time since April last year. Sterling is on the verge of breaking above the 1.1621 level against the Euro.
From a technical standpoint the Euro continues to look weak, the selling continues. Volatility in the Euro zone has spiked enormously and the selling is now moving into the Equity market. The European banking sector being the hardest hit.
Tuesday 04 May 2010, 04:12pm
Latest Posts
11 August 2010, 02:29pm
03 August 2010, 11:02am
23 July 2010, 04:10pm
14 July 2010, 10:12am
02 July 2010, 04:20pm
23 June 2010, 02:41pm
24 May 2010, 11:13am
10 May 2010, 11:28am
04 May 2010, 04:12pm
21 April 2010, 12:03pm
Our Twitter Updates
Monthly Archives
2010
August (2 entries)
July (3 entries)
June (1 entry)
May (3 entries)
April (3 entries)
March (4 entries)
Febuary (3 entries)
January (3 entries)
2009
December (1 entry)
November (3 entries)
October (2 entries)
April (3 entries)
March (7 entries)
Febuary (4 entries)
January (11 entries)
2008
December (8 entries)
November (12 entries)
October (13 entries)
September (12 entries)
August (4 entries)
July (4 entries)
June (17 entries)
May (12 entries)
Tags
The details expressed in this website are for information purposes only and are not intended as a solicitation for or a recommendation to buy or sell any currency. You should exercise your own judgment before entering into any financial transaction, including the buying or selling of foreign exchange. FairFX Plc accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the information contained or related to this site.
The material set out in this website is current as of the indicated date. This material is prepared from publicly available information believed to be reliable, but FairFX Plc makes no representations as to its accuracy or completeness. All expressions of opinion are subject to change without notice. Opinion may be personal to the author and may not reflect the opinions of FairFX Plc.
FairFX Plc is not acting as your financial adviser or in a fiduciary capacity in respect of any foreign exchange transaction Before entering into any foreign exchange transaction you should take steps to ensure that you understand the transaction and have made an independent assessment of the appropriateness of the transaction in the light of your own objectives and circumstances, including the possible risks and benefits of entering into such transaction.
