empty
 
 

2012.02.0204:45:00UTC+00Research: Eur/usd Attempting to Settle Above 1.31

Quotes from Societe Generale Cross Asset Research:

-The current environment reminds us of the days preceding the EU summits of end-October and early December. For now, yields of peripheral sovereigns and the EFSF are easing substantially, auctions are taking place in relatively good conditions (watch the French and Spanish issues today), the European stockmarkets are resilient and the EUR/USD is attempting to settle above 1.31.

-However, watch out for the "buy the rumour sell the news" effect: an agreement on Greek PSI that would open the door to the second tranche of EU/IMF aid would be welcome. Nevertheless, this would not solve the long-term fundamental economic and budget problems of the eurozone.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback