http://www.forexconspiracyreport.com/euro-falls-below-forex-entry-price/
Euro Falls below Forex Entry Price
The EU currency, the Euro, started trading in Forex markets in 1999. It first traded at one Euro to $1.1747 US. Europe is in danger of falling back into recession and even worse into a period of deflation. At long last the EU appears to be ready to follow the example of the US Federal Reserve and its quantitative easing campaign. The Fed purchased $85 Billion a month in US Treasury and corporate bonds thus driving interest rates down and injecting money and credit into the economy. The result has been economic growth in the USA, reduced unemployment to levels not seen in a decade and a healthy US dollar. We noted that the prospect of quantitative easing forces Euro downward. Now we see that the Euro falls below the Forex entry price of fifteen years ago.
New Lows for the Euro
In order to improve its economy the EU is coming around to the point of view of the US Federal Reserve and especially is former head, Ben Bernanke. The quantitative easing policy will drive interest rates down and the Euro below the 1999 launch rate. Reuters follows the story.
The euro fell below its 1999 launch rate against the dollar for the first time in over nine years on Wednesday after an adviser to Europe’s highest court said an ECB bond-buying program was legal under certain conditions.
As investors worried about global growth, the safe-haven yen rose to a 2-1/2-month high against Europe’s common currency and a one-month high versus the dollar.
The euro fell against the dollar following the adviser’s opinion, hitting a nine-year low of $1.1728, down 0.3 percent on the day and below the psychologically important $1.1747 level at which the single currency first traded on Jan. 4, 1999.
Traders will likely be betting on a steadily falling Euro when this program starts. The question as the Euro falls below its Forex entry price just how much farther it will drop before it stabilizes.
Greek Debt Dilemma
Elections are coming up in Greece and there is a strong likelihood that the new government will want debt relief from the EU, new terms on repayment and more money. The thinking in the rest of the EU depends upon whether your country recently had debt problems or not. The Financial Times reports that the Prime Minister of Finland strong opposes Greek debt forgiveness.
Finland’s prime minister has warned that the Nordic country would give a “resounding no” to any move to forgive Greece’s debts in comments that represent a high-profile intervention in the country’s upcoming election.
The warning from Alex Stubb in an interview with the Financial Times puts Finland on a collision course with Syriza, the radical left party that is currently leading the polls in Greece and has put debt relief at the core of its election proposals.
Finland was one of the countries that dug into its pockets to finance Greek debt.
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5. Europe is in danger of falling back
into recession and even worse into a
period of deflation.
6. At long last the EU appears to be
ready to follow the example of the
US Federal Reserve and its
quantitative easing campaign.
7. The Fed purchased $85 Billion a
month in US Treasury and corporate
bonds thus driving interest rates
down and injecting money and
credit into the economy.
8. The result has been economic growth
in the USA, reduced unemployment
to levels not seen in a decade and a
healthy US dollar.
9. We noted that the prospect of
quantitative easing forces Euro
downward.
10. Now we see that the Euro falls below
the Forex entry price of fifteen years
ago.
12. In order to improve its economy the
EU is coming around to the point of
view of the US Federal Reserve and
especially is former head, Ben
Bernanke.
13. The quantitative easing policy will
drive interest rates down and
the Euro below the 1999 launch rate.
Reuters follows the story.
14. The euro fell below its 1999 launch rate
against the dollar for the first time in
over nine years on Wednesday after an
adviser to Europe’s highest court said an
ECB bond-buying program was legal
under certain conditions.
15. As investors worried about global
growth, the safe-haven yen rose to a 2-
1/2-month high against Europe’s
common currency and a one-month high
versus the dollar.
16. The euro fell against the dollar following
the adviser’s opinion
17. hitting a nine-year low of $1.1728,
down 0.3 percent on the day and below
the psychologically important $1.1747
level at which the single currency first
traded on Jan. 4, 1999.
18. Traders will likely be betting on a
steadily falling Euro when this
program starts.
19. The question as the Euro falls below
its Forex entry price just how much
farther it will drop before it
stabilizes.
21. Elections are coming up in Greece
and there is a strong likelihood that
the new government will want debt
relief from the EU, new terms on
repayment and more money.
22. The thinking in the rest of the EU
depends upon whether your country
recently had debt problems or not.
23. The Financial Times reports that the
Prime Minister of Finland strong
opposes Greek debt forgiveness.
24. Finland’s prime minister has warned
that the Nordic country would give a
“resounding no” to any move to forgive
Greece’s debts in comments that
represent a high-profile intervention in
the country’s upcoming election.
25. The warning from Alex Stubb in an
interview with the Financial Times puts
Finland on a collision course with Syriza
26. the radical left party that is currently
leading the polls in Greece and has put
debt relief at the core of its election
proposals.
27. Finland was one of the countries that
dug into its pockets to finance Greek
debt.
28. On the other hand Ireland had debt
problems and was the recipient of an
EU bailout.
30. Ireland has signalled support for a
European debt conference demanded by
the far-left Syriza party likely to win the
upcoming Greek elections.
31. Irish finance minister Michael Noonan
told a gathering of Irish ambassadors in
Dublin he would not dismiss the idea of
Greek, Irish, Spanish and Portuguese
debt being discussed at a European debt
conference, the Irish Times reports.
32. This is the first time an EU politician
has been publicly favourable of the idea
33. which has been at the core of the
campaign led by Syriza and its young
leader, Alexis Tsipras
34. To keep the EU together nations like
Greece will from time to time require
help as their debts are held in Euros
and they do not have the luxury of
devaluating their currency.
35. On the other hand as the Euro falls
below its Forex entry point the
European Central bank may be
doing that for them.
