There are hot media speculations about Greece bailout plan to help the country to restore its financial credibility. An estimated of €110 billion Euros bailout is expected to be given to the Greece government by the help of European Union fellow members and IMF. Direct correlation of this event to the forex market movement give me a great concern, as i am trading on the bearish trend all along at the moment. So the main concern here the impact of the financial aids to the movement of EUR-USD bearish [...]
Posts Tagged ‘Greece’
Breaking News – Euro breakup talks!!
The Greece financial crisis and the spiraling impact on other fellow members of the European union has led to the growing speculation of potential disintegration of the Euro currency. An estimated of 860 billion-euro debts total combined from all the European Union led by Greece is big financial dilemma that seems to have no solutions at the moment. Based on Bloomberg report the main reason caused this problem is the uncontrolled taxes and spending among some of the European Union country members which led to mounting debts. If the integration [...]
Greece to receive first batch of financial aid today!!
BBC News report that today will be the first batch of the financial to Greece which amounted of €20 billion euros from the total of €110 billion euros. Partly €14.5 billion from the Euro zone member states and the rest from the IMF. Here comes again our main concern of the impact of the monetary aid may stir temporary turbulence on the EUR-USD trend movement. Despite of all the indicators signal support for long-term bearish continuation, this fundamental data can twist the market for significant correction. If the correction is [...]
Posted in Forex for Beginners 
Tags: BBC, Down, EUR, EUR-USD, Greece, International Monetary Fund 
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