Saturday, 5 November 2011

EUR/USD And The Ongoing Crisis Of Debt

Events in Europe continue to push beyond the control of European policy-makers.

The Greek PM, Papandreou, has won the crucial confidence vote.  He will now aim to seek the coalition govt. If this goes ahead the head could be be Evangelos Venizelos, he is the present Finance Minister. 

A much bigger issue than the Greek one is Italy.  The EUR/USD currency pair is holding its ground but many forecasters are predicting a drop going forward.  This is counter to the latest COT report from the CFTC though which shows large specs cutting down their bearish EUR bets..

No comments:

Post a Comment