 Yesterday European stocks also experienced a fall, as investors are concerned about rumors that the Greek bondholders may suffer more significant losses than expected, which poses a risk to financial stability in the eurozone, said representatives of the Bank European Central. For example, German banks are bracing for losses of up to 60% of Greek bonds, told Bloomberg news agency, without reference to the source of information. However, the euro was trading in a narrow range against the dollar yesterday, closing at 1.3771, and has now been able to grow during the Asian trading session to 1.3800 level. On the other hand, risk appetite is still strong support after the adoption of EFSF in Slovakia, during the second vote in Parliament. In addition, there are comments from China suggest that emerging markets would be ready to increase aid through loans to Europe, through funding from the IMF. Although no details and no official confirmation, the dream that China appears with its huge reserves and save the day, is very rapid. Be cautious, as they take loans from external sources to resolve a domestic debt crisis is not an appropriate solution. However, the nations of the European Monetary Union (EMU) may have doubts about using IMF resources in an area where income levels are often much higher than in the countries of the monetary union. We have also seen that the sovereign accounts have reduced their purchases of euros, because of concern for risk. In a few minutes to publish data on retail sales and consumer confidence (preliminary) of the University of Michigan / Reuters at 8:30 and 9:55 Eastern, respectively.
Gerardo Porras is taking part in the "Analyst of the Year" award organized by MT5.com portal. If you like his article, please vote for him.
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施行 Gerardo Porras, 解析的专家
InstaForex 公司集体 &复制; 2007-2013
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