Debt Crisis Articles

Thin Volume, but the U.S. Economy is Firmer Than Investors Expected

It has been a tough year for the market participants. Currency traders had many whipsaws over the last twelve months. On the last trading day of the year, volume is expected to be thin. EUR/USD is trying to stay over 1.29 major support. We don’t expect any huge surprises today…
December 30th

EUR/USD Continues to Face Downward Pressure

When we look at the price action in the forex market, we see that trading is likely to remain thin until next week. Investors expect little market action into the year-end holidays as many market participants have already closed their books for this year. Today we don’t expect high volatility…
December 28th

Absence of a Comprehensive Plan to Stabilize Europe

Potential ratings downgrades and uncertainty in the eurozone have been dragging the euro lower. Since EU leaders disappointed investors and as a result, the euro lost its credibility. The recent price action in the forex market shows that investors lost confidence in EU politicians ability to end the ongoing debt…
December 16th

EUR Sinks

EUR Sinks On Possible Mass Downgrade of Eurozone Countries Increasing concerns over slowing global growth and worsening European debt crisis are pressuring the forex market. EUR/USD fell sharply after German Chancellor Angela Merkel rejected to raise upper limits of the European Stability Mechanism (ESM). In addition, possible sovereign debt downgrades…
December 14th