Posts Tagged: European financial stability facility

The end of the Group of Twenty summit has had a powerful impact upon the trading sentiment, causing the evolution of some currencies to change. This G-20 summit was supposed to find solutions for the sovereign debt crisis in the Eurozone and for the banks in the region. Up to now, the only result we know concerning this summit is that the members of the 20 European countries have refused the idea of a forceful restructuring of the Greek debt. It seems that the plans made by politicians did not manage to persuade investors of this thought. Moreover, the market has been affected by the decrease of the European manufacturing and services industries.

The result of this still blur outcome is that of influencing the trading sentiment, causing the risk appetite to grow once more. This has had a negative impact upon the US Dollar, which started to fall against its major counterparts as the safety need Read more »

As the problems in the Eurozone go on unsolved, the Euro started to fall this week as optimism has turned into risk aversion. Of course, this change has been benefic for the Swiss Franc, which has registered growths on concerns related to the situation in the European Union.

Even though there have been traders who have believed that the optimism shown two weeks ago, which has caused the Euro to grow incredibly, is going to persist for the previous week as well, reality shows us that the Euro started to fall on concerns related to the evolution of the sovereign debt crisis. The attention of traders has focused on the Group of Twenty summit and in the possible changes of the bailout fund, both of which have had a negative impact upon them. Initially, the sentiment related to these events has been a positive one, but it had gradually turned into a negative one as doubts started Read more »