the market might remain in consolidation

Discussion in 'Forex Signals' started by kirstenDavid, Jun 14, 2012.

  1. kirstenDavid

    kirstenDavid Trader

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  2. Enivid

    Enivid Administrator Staff Member

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    Yes, a great level of uncertainty before the June 17 elections in Greece.
     
  3. Fxpipper

    Fxpipper Master Trader

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    The election results are in, narrow shave for Eurozone but the long term prognosis is not good. For the moment, IMF is stepping in but as others have pointed out, this is Eurozone's last chance to get their house in order..
     
  4. Fxpipper

    Fxpipper Master Trader

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    Here's an update: Greek's FM resigns, Greece-Euro meeting is postponed and now, Cyprus is asking for a handout and to top this, Moody's has downgraded 24 Spanish banks. To be fair, a similar downgrade on banks located elsewhere has not had much effect but the impact on banks located in Spain and Greece, will face a cash crunch, in short - less liquidity. So yes, the prognosis is not that good for the Euro [at the moment]
     

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