Originally posted by uniquetrader

Recent news about euro r positive. Italian prime minister said that euro crisis was like a tunnel and now we can see light at the end of this tunnel. So eurozone is now hopeful to recover from this crisis.

Will this hope strengthen Euro in coming days?

 

I Heard these new but i can't see light at the end of this Long tunnel

No I think EUR will go further down it doesn't only depend of the Italian prime minister

lol. I agree with sharktrader. Cant see anything real in these statements. Such statements of hope were also given in past by different personalities. I dun think Eur will recover in near future.

Originally posted by uniquetrader

Recent news about euro r positive. Italian prime minister said that euro crisis was like a tunnel and now we can see light at the end of this tunnel. So eurozone is now hopeful to recover from this crisis.

Will this hope strengthen Euro in coming days?

This statement was given during talks between leaders of Italy & Spain. Now eyes r on euro central bank. Lets see what they decide this time.

Even if they start recovering, it will take very long period and it will be a slow process. So these news can move market for short period but in long run these news cannot sharply move the market.

Even if they start recovering, it will take very long period and it will be a slow process. So these news can move market for short period but in long run these news cannot sharply move the market.