البورصةBourseBolsa股市AktienBorsaFinansФорексFXFinançasGiełdaΧρηματιστήριοBeursBörsPörssi금융
May 26, 2012 09:58PM GMT
     
 
  New York   London   Tokyo 
   
 

Euro Rebound?

By   |  Fundamental Analysis  |  Mar 23, 2010 12:00AM GMT  |  Add a Comment
 
Despite the  sour news on Greek debt and the inability of the EMU to come to an agreement among it members about how, or even if, to assist Greece , the euro found strong support ahead of the 1.3450 technical level. The 60 point bounce to 1.3525 does not remove the downside risk to the euro and the risk averse crosses.  If the Europeans do not arrange some type of assistance to calm market doubts on Greek debt renewals due in the next two months the potential for further euro losses is high.The 1.3450 support has not been crossed since last May when the currency was moving higher in the unwinding of the dollar flight positions caused by the financial crisis. The German-Greek ten year spread increased for the third day widening by 13 basis points to 337, or a 3.37% premium for Greek debt.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
CFDs Quotes
 SPX 500 Futures1315.15-7.35-0.56%  
 NQ 100 Futures2525.40-10.85-0.43%  
 US 3012454.83-74.92-0.60%  
 DAX6339.94+24.05+0.38%  
 UK 1005351.53+1.48+0.03%  
 Japan 2258580.39+17.01+0.20%  
 US Dollar Index82.52+0.08+0.10%  
CFDs Quotes
 Gold1572.25+14.75+0.95%  
 Silver28.475+0.318+1.13%  
 Copper3.448+0.020+0.58%  
 Crude Oil90.75+0.09+0.09%  
 Natural Gas2.618-0.092-3.38%  
 US Cotton No.273.67-0.27-0.36%  
 US Coffee C167.65+2.13+1.28%  
 
 EUR/USD1.2516-0.0015-0.12%  
 GBP/USD1.5667-0.0002-0.01%  
 USD/JPY79.68+0.08+0.10%  
 USD/CHF0.9597+0.0011+0.11%  
 AUD/USD0.9758-0.0005-0.05%  
 USD/CAD1.0293+0.0025+0.24%  
 EUR/CHF1.2011-0.0001-0.01%  
CFDs Quotes
 Euro Bund144.34+0.36+0.25%  
 Euro BTP101.66-0.48-0.47%  
 Euro BOBL126.341+0.140+0.11%  
 UK Gilt119.72+0.27+0.23%  
 US 2 YR T-Note110.23+0.03+0.03%  
 US 10 YR T-Note133.81+0.44+0.33%  
 US 30 YR T-Bond147.80+0.69+0.47%  
Survey
What type of platform do you prefer?
Web based
Software Download
Mobile
Doesn't matter as long as it works