As the Economic and Financial Affairs Council (ECOFIN) kicks off another round of talks, the euro zone published today a report which showed the region’s current account deficit widening. The news has only added to recent fears that the Greece bailout plans may falter.
The EUR was seen holding uneasily against its currency rivals this morning. Many investors have been awaiting comments to emerge from the ECOFIN conference. So far, news has been largely pessimistic, with an impasse forming in the last several hours. Traders may see the EUR plummeting as the day wears on if nothing is done to address investor concerns soon.
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Greg Holden is the Chief Market Analyst at ForexYard. Greg uses his detailed knowledge of fundamental and technical analysis to provide some of the leading market forecasts in the forex world today. A guest lecturer at forex symposiums and Chief Editor of ForexYard's analysis center, Greg brings highly detailed and easy-to-use market analyses to his clientele. He has been published on ForexYard's Trading Blog and affiliate websites. Greg holds degrees in Political Science and Economics from Missouri State University, as well as a Masters degree in Middle Eastern History.
