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EUR weakens?


The Euro has shown only little changed on Wednesday for the start of trading. The strong up
and down from the past few days did not continue. After the euro rose on Monday
due to the Crimean crisis, the common currency stabilized at $ 1,3730 during
the course of the day.
Only the silence before the storm?
The upcoming interest rate decision on Thursday from the European Central Bank
could lead to a further weakening of the euro. Thereby it is possible euro will
drop down to find a new support l…
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Convallium avatar

yes, I agree with you, my friend, euro will drop down and will find a new support level.

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Gold backdown after strong gain yesterday

Setback after relaxation provide signals from the Ukraine. Following the sharp gains
the previous day to $ 1,351 gold has eased back to $ 1,337 today. After a
four month high yesterday this corresponds to a drop down of the gold price in
the market by about 1%. Reason for the relaxation is probably the announcement
that Russian troops had completed their maneuvers in western Russia and were
ordered back to their homes. The far trend after this correction seems to be still long. But in case of fu
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jezz avatar
jezz 4 3月

Considering the future potential political acts, there is a high possibility that gold will remain bullish, together with oil and potentially natural gas.
Russian reaction to US 'threats' is hilarious - in that case, we will stop paying our credits to US banks ?!?!?!
And there is a possibility that Gazprom takes action because of 1,5Bn debt of Ukraine, affecting Europe.
All this could rush investors to seek for more gold.

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Situationin Ukraine continues to EUR


The situation in Ukraine affects not only the political business days, also the currency trading is reacting. At the start of the week the euro is weakening, the yen seems to be safe. The fear of an escalationof the situation burdens the common currency. At Friday the European Central Bank fixed the euro referenceprice at $ 1.3813. This afternoon, the euro cost $ 1.3783.
Kerry threatened Russia also, as a consequence of the Russian intervention on the Crimean peninsula, with expulsion from the
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Maria_r avatar
Maria_r 3 3月

+1

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