The Euro hits 22 months low currently facing 1.2659 of 11/11/2012’s low. The weekly chart S3 is 1.2712, so I focus downward to 1.25xx level as weekly price&timing method.
Posted in Financial News, Fundamental Updates, Market Updates Tagged ECB, EUR/USD, Eurozone, Interesting Rate, Macroeconomic Trends
The interest rate on the main refinancing operations of the Eurosystem will be decreased by 10 basis points to 0.05%, starting from the operation to be settled on 10 September 2014.
Posted in Financial News Tagged Crisis, Debt, Debt Ceiling, ECB, Eurozone, Forex News
Ministers from the 17-nation euro area yesterday declared the 500 billion-euro ($649 billion) European Stability Mechanism operational. They also said Spain, the permanent rescue fund’s biggest pot…
Posted in Financial News Tagged Crisis, ECB, Eurozone, Forex News
Nearly three months after Spain requested a 100 billion euros ($126 billion) European bailout for its banks, the problems facing the country’s frail banking system are deepening, putting pressure …