In the previous EUR/USD weekly review, we noted that Eurozone leaders had reached an in principle agreement on a pact for the Euro to coordinate economic policies. In talks is the establishment of the new European Stability Mechanism. This would probably spark increased optimism as the markets hopes for a stabilized Euro Zone. Having said so, concerns probably lingered as there are still various troubled countries of the Euro Zone. Greece, Ireland, Portugal and even Spain whose ratings were cut by Moody's recently.
In the beginning of the week, a forex gap developed. This was probably due to the change of expectations towards the Euro Zone after the mainly successful Euro Zone leaders summit. 1.4 was tested again. Next the German ZEW Economic Sentiment came out lower than expected and this brought the EURUSD under ...Full Forex News click below :
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In the beginning of the week, a forex gap developed. This was probably due to the change of expectations towards the Euro Zone after the mainly successful Euro Zone leaders summit. 1.4 was tested again. Next the German ZEW Economic Sentiment came out lower than expected and this brought the EURUSD under ...Full Forex News click below :
Forex News
ForexSQ