EU Summit – Special Reports, Analysis and More If you've been pinned to the news in the past few days, waiting to hear what will happen at the EU summit, you're not alone. The DailyForex team has also been waiting anxiously to see how European leaders will fight to save their currency, and struggle to make it work. But while we've been waiting for news, we've also been analyzing potential outcomes, and laughing a bit amongst ourselves. Below you will find fundamental analysis and technical analysis that are critical for anyone trading during these volatile times, as well as a new Forex cartoon, which we hope will bring some levity to the current situation.
Have a great weekend! Eurozone Crisis Special Report The Summit meeting of EU leaders which is underway in Brussels today has been billed as "make or break" for the Euro in many quarters of the press. It is clearly a critical meeting and if common ground can be found and a credible plan agreed, it could go a long way to moving us out of the dark forest of financial uncertainty that we find ourselves in. Read more ECB Summit: ECB 2 for 2 on Rate Cuts As markets and analysts had been expecting, earlier today the European Central Bank announced another 25 basis point reduction to its benchmark interest rates, bringing the new rate to a record low 1%. Mario Draghi, the newly installed head of the ECB who assumed the role less than two months ago, appears to have set a fairly aggressive goal to reverse the previous administration's tight monetary policy. Read more Eurozone Crisis: Laughing with Merkel and Sarkozy
EUR/USD Expected Movement
The news is volatile, but with this EUR/USD expected movement forecast, you can plan your next Forex trade. Read more |