31 May 08:37 AM
Forex news, EURUSD.
Spanish government, headed by charismatic Mariano Rajoy, keeps pronouncing the country’s capacity to handle its foreign debt on its own. At the same time, it acknowledges that the treasury will find it hard to maintain high earning capacity of government bonds for a long time. In this reference, Brussels is ready to meet the needs of Madrid. "We are ready to suggest postponing the deadline of adjusting surplus deficit for one year – to 2014", said the Vice President of European Commission Olli Rehn during yesterday’s press conference, making reference to the EC recommendation to Ecofin (Economic and Financial Affairs Council of the countries of European Union).
At the same time, in the situation of general uncertainty the risk index of Spanish debt obligations has reached 540 points. Other countries (Greece, Portugal , and Ireland) would turn to international financial institutions for help, having similar results.
At FOREX market EURUSD currency pair has not yet finished h1 down wave "С". According to the System of Early Prediction Sub-department of Masterforex-V Trading Academy, if there are no signals of its termination, EURUSD downtrend to the point of 1.2295 may continue.
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