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Thread: Euro Market Meltdown

  1. #1
    Administrator funyoo's Avatar
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    Sep 2008

    Default Euro Market Meltdown

    With British stocks hitting a 4 year low, Russian stocks falling almost 20 percent, and markets in France reaching historic lows, the U.S. financial crisis is becoming global. Richard Roth reports.

  2. #2


    The introduction of the Euro was by and large used as an excuse for some huge price increases. Probably not the Universal truth, but I can't think of any cases where many price drops were reported.

  3. #3


    The euro sank to a one-year low of beneath $1.31 and the risk premium on Greek, Portuguese and Spanish bonds soared amid jitters about a possible Greek debt restructuring and worries over the fiscal health of other southern European countries.

  4. #4


    EURO (EUR) 29 Sep 2010 – The Euro traded at almost a five month high against the Dollar in forex market when U.S. home prices came out worse than expected in July, fueling speculation the Federal Reserve will ease monetary policy. The momentum of the EUR/USD is still strongly bullish for the euro, as long it’s above 1.3400 level a long position is preferred, the next resistance line on the daily chart is 1.3700,the RSI and the 10 moving average indicators support up trend as well . Overall, EUR/USD traded with a low of 1.3381 and with a high of 1.3595. No economic data expected today.

  5. #5


    Euro (EUR) 09/11/2010 – The Euro fell for a second day versus the Dollar amid concern that some governments in the region will struggle to pay their debt, curbing demand for European assets.

  6. #6
    Junior Member Janni's Avatar
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    Nov 2010


    The euro (sign: €; code: EUR) is the official currency of the euro zone. The euro is the second largest reserve currency as well as the second most traded currency in the world after the U.S. dollar. As of June 2010, with more than €800 billion in circulation, the euro is the currency with the highest combined value of banknotes and coins in circulation in the world, having surpassed the U.S. dollar.

  7. #7


    EURO (EUR) 19/11/2010 – The Euro strengthened against the dollar as Brian Lenihan Irish finance minister said he would welcome a “substantial contingency capital funding” mechanism for Irish banks. The idea of contingency funds is welcomed far more for banks than for states. The euro rallied more than 100 pips against the USD.

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100, 100 pips, average, eur/usd, forex, high, home, indicators, low, markets, moving average, resistance, rsi, stocks, support, trend, usd

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