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21/4/2010 - The Current Market Sentiment

Discussion in 'Current Market Sentiments' started by fx-recommends, Apr 21, 2010.

  1. fx-recommends

    fx-recommends Content Contributor

    Aug 6, 2008
    Likes Received:
    The single currency is still possessed by the European rescue plan for Greece and the activation of it weighing negatively on it across the broad this week. The single currency is trading below 1.34 versus the greenback which has been underpinned with in the beginning of this week with the market worries about the Goldman sacks fraud but it could give back these gains with outstanding quarterly earning reports of Citigroup, Goldman sacks fixed earning which has ascended to 2.7$ billion last quarter and apple which have risen 90% a year ago thanks to the I phone sales which could contain the market sentiment encouraging the investors' risk appetite putting pressure on the greenback with market focusing on the earning reports this week..

    The changes of the Greek debt crisis are still containing the market sentiment. The single currency has been supported after the release of the 30b euros European rescue plan for Greece but it failed to break 1.37 on a profit taking wave across the broad after this significant rising in the beginning of last week. The rescue plan could calm down the market which was worrying about the Greek ability to finance its debt costs to the IMF and the credit market without European funding support but the market is still in need to get that the worst of this debt crisis has become behind of us and not still ahead of us to push up the single currency again which is not materialized yet to the market amid the current very slower pace of growth in the euro area comparing with US after the credit crisis negative impact on the EU economies which pushed the governmental spending up for spurring investment and growth on the account of their budget deficits which are threating the market confidence and the recovery itself right now with market focusing on the consequences of the debt building in Europe.

    Best wishes

    FX Consultant
    Walid Salah El Din
    E-Mail: mail@fx-recommends.com

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