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Ikon forex “EUR/USD fell down sharply from the highest point of this trading sessionâ€￾

Discussion in 'Diskusi Forex' started by ikonfx, Mar 3, 2011.

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  1. ikonfx

    ikonfx Banned

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    Ikon forex “The forex price of EUR/USD fell from the highest point of this trading session on Thursday (December 2), because it is expected that the decision of the European Central bank on the interest rate would not be capable of changing the weak state of EUR in the market.

    Societe Generale SA said on Thursday (December 2) no matter whether European Central Bank would hold the currency policy meeting later in the forex market and declare the specific measurements to restrict further spread of European sovereign debt crisis, the investors would continue to sell out EUR in the market.

    Forex strategist Kit Juckes said that if the European Central Bank does not declare specific measurements to restrict further spread of the crisis, then the panic emotions on the EU sovereign debt crisis would be temporarily smoothed, but this panic emotions would come to the forex market again.

    But it is hard to say this would be for sure, because under the so called quantitative easing plan to buy in national bond did do some good for EUR in the forex market, and the quantitative easing policy might be another reason for the forex investors to sell out EUR in the forex market.

    Forex news in Ikon Group.

    Edited by lilian.
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  2. flash134

    flash134 New Member

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