EUR/USD lost some ground after its gains following the victory of pro-bailout parties in Greece (June 18th). While hurdles to forming a coalition will likely be overcome, the troubles in the euro-zone are far from over. The focus has quickly shifted to Spain, where bond yields remain at dangerous levels, and the announced bailout might already be too small. It seems that without central bank intervention, more falls are on the cards. Tuesday go off to a bad start, as both the German and Euro-zone ZEW Economic Sentiment indicators posted sharp declines. In the US, today’s key release is US Building Permits. As well, the G20 meeeting wraps up today in Mexico.
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-june-19-weak-german-data-spanish-yields-unnerve-markets/"]EUR/USD - Weak German Data, Spanish Yields Unnerve Markets[/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.