What does this mean for the euro? Any rally should be seen as an opportunity to sell at a higher level.

The big story in the financial market today is Portugal - the next domino expected to fall. According to a poll conducted by Reuters, 85% of dealers expect Portugal to receive a bailout. [...]

Posted in 2011 euro forecast, euro, forex blog, sovereign debt crisis euro, spain crisis No Comments »

Here’s another timely story from the Wall Street Journal. Forex markets are in a doozy today with speculation of another possible ratings downgrade for Greece. A bunch of Greek banks were already downgraded earlier this week. However Spain could be the next straw to break:
Greece set off the crisis rattling the [...]

Posted in eur/usd, spain crisis No Comments »