Euro crises
It seems that it is getting worse. French prime minister said that Euro zone can break due to this crisis. Does it mean that we can expect euro to go low and low and low?
Stick to your rules
Originally posted by uniquetraderIt seems that it is getting worse. French prime minister said that Euro zone can break due to this crisis. Does it mean that we can expect euro to go low and low and low?
Actually big guys like UK are more concerned about own currency. UK said that they will not favor euro at the cost of pound. So unless their is a mutual effort by all, there is a low chance of any quick recovery.
Originally posted by Jogi
Originally posted by uniquetrader
It seems that it is getting worse. French prime minister said that Euro zone can break due to this crisis. Does it mean that we can expect euro to go low and low and low?
Actually big guys like UK are more concerned about own currency. UK said that they will not favor euro at the cost of pound. So unless their is a mutual effort by all, there is a low chance of any quick recovery.
True... Their priority is country and not eurozone. They r seriously trying to resolve it but in a way that it doesnt effect their own currency. Lets see how it goes in future.
The good or ill of a man lies within his own will. – Epictetus
Euro is coninuously weakening. Euro has hit 11 month dollar low. No effective measures are taken to resolve this issue so far.
Stick to your rules
@ Zogi I think so too
all l am sure is we must not expect some improvemetn for the next at least 10 years.the best scenario is euro will hang over this level.euro zone has very big financial problems and there are still new countries going to join to this crises like spain and italy.so the situation is going to get worse.as long as we are going to trade for short term it is not very risky for us .
Euro zone crisis are far from over and the problems still persists in Italy , Greece and Spain and Euro is still in problem and we need to wait and watch now and be cautious while trading in it .
Now it needs miraculous recovery. Heads of different european countries r hopeless now. I have read there comments on different news sites. Today I read one article. Here is the link http://www.huffingtonpost.com/peter-s-goodman/european-austerity-euro-crisis_b_1435260.html
well l dont listen them any more.euro supposed to be in its historical low but for some reason dont want to go down.it means somebody is just manupulating the market and wants us to sell while they are buying.l am keeping distnce with eurusd last 6 months.l dont trsut to this pair at all.
Europe has not yet overcome the debt crisis, but recent decisions of the euro area, place it on the right track, said the German Minister of Economics Wolfgang Schäuble.