A Forex View From Afar

A Trader's Look At A Trader's Life

Forex Analysis

A European Bailout?

Written by A Forex View From Afar on Wednesday, October 01, 2008

Mainstream media has reported that France, which now holds the presidency of the European Union, plans to organize a meeting this weekend with the major Euro-area leaders to analyze the consequences of the credit crisis on the European economy.

This comes after more European based banks are in need of government bailouts and some Euro-area indicators for member countries saw deep plunges, including Spain, Ireland and to some extend France. Sources have said the plan would reach 300 billion-euro ($422 billion), but details are so far limited.

On the charts, it will probably not have an immediate effect on the euro’s valuation. However, if France’s plan is approved and adopted in the coming weeks, it is possible that surging dollar will slow down. The greenback advanced during the last few trading sessions as speculation that once the bailout plan is approved, the U.S. economy will resume its path of growth increases. It now seems the Euro-area will resume this path as well, in theory at least.

Related Posts by Categories



  1. 1 comments: Responses to “ A European Bailout? ”

  2. By Anonymous on October 2, 2008 at 4:25 AM

    You're right!

    דולר

TheLFB Team & The View From Afar Blog

© 2008 A Forex View From a far Trading Blog

Trade Desk View

Fundies and Trading
There is a constant question from some traders as to why anybody would ever need to consider the ‘F’ word when trading. Fundamentals: what is so damaging at looking at both Technical charts and having a Fundamental filter to gauge how many Lots to put on? Why is it that accepting that Technicals give us price points to trade, but Fundamentals determine the direction that we travel is so difficult for some traders to accept? Without a Fundamental Filter very few pure Technical traders would have seen this Dollar move coming today.

Want to subscribe?


Subscribe in a reader.