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European Union not the Euro May be the Issue

Discussion in 'Forex Daily News & Outlook' started by forextrends24, May 19, 2010.

  1. forextrends24

    forextrends24 New Member

    Mar 27, 2009
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    Today’s sample of Forex Analysis from ForexHound.com

    The Euro continued its slide on Tuesday and signs are developing that indicate the problem is with the European Union and not the Euro. The market seems to be content with the weakness in the Euro. It’s the inability of the European Union to act as a cohesive unit that makes traders feel that a breakup may be coming. France and Germany are obviously upset at the turn of events and both feel in my opinion that its time to walk away from the notion of one unified currency.

    After ten years, it appears that both the Germans and the French have finally realized that they cannot afford to support the wild spending habits of the other Euro Zone countries. Although some of the weaker countries are taking pre-emptive steps to shore up their economies through austere financial measures, it may be a case of too little, too late.

    Today’s announcement to ban naked short-selling by the Germans is clearly a sign of desperation. This goes back to what I was saying a couple of weeks ago when I said the European Union has no, and may have never had a plan to deal with the situation that is taking place at this time

    Read full article at ForexHound.com as well more Forex Trading articles including Forex Technical Analysis and Forex Education

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