Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account

Resources

DailyFX Home / Video / Daily News Report

Forex: EUR/USD Fails to Overtake 1.3000 after Greece ’Rescued’

By , Chief Currency Strategist
27 November 2012 06:08 GMT

Finally, Eurogroup officials and the IMF have accepted terms to the next steps in Greece's rescue...though you wouldn't think that was the case looking at EURUSD. Both the Euro and risk trends were briefly lifted following news that Eurozone's most troubled member could eventually receive 43.7 billion euros after a serious of gauntlet of conditions were met and time spent to assess. Yet, traders quickly recognized this as the same vow for support without immediate action that they had seen so many times before. This may not be the end to this fundamental development, but the first look is not encouraging. We discuss the Euro-area crisis and broader risk catalysts moving forward as well as trade conditions for the various scenarios in today's video.

New to FX? Watch this Video

Sign up for John’s email distribution list, here

27 November 2012 06:08 GMT