The euro dropped below the 1.30 level, as the fallout from the French and Greek elections continue to spook the markets. There are fears that the political instability in Greece and the sharp turn to the left in France may interfere with austerity measures designed to alleviate the Euro-zone debt crisis. The markets received a dose of good news early this morning, as both the German and French Trade Balance readings were slightly better than the market forecast.
Here’s an update on technicals, fundamentals and what’s going on in the markets.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-may-9-euro-slump-continues-falls-below-1-30/"]EUR/USD Slump Continues, Falls Below 1.30[/URL][/I][/B]
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.