Forex - Euro finishes week at 1.3040 against the US Dollar

By barrym - Posted on December 24th, 2011

Tagged:

Other work-related topics

The euro lost about 50 pips today on the forex market after 523 banks across Europe asked the ECB for 3-year loans of a total of 489 billion euros, or $641 billion. Theforex scheme is known as LTROs, shorter for the mouthful "longer-term refinancing operations".

If European financial institutions borrow too much, forex traders could get really jittery that what's happening is that banks are amassing risky carry trades — borrowing at low rates from the ECB and buying high-yielding peripheral (Greek-like junk) sovereign debt.

“The crux of the issue is where will this cheap money be spent,” says Chris Fernandes, a forex adviser at Bank of the West, as quotes by MarketWatch.

Login or register to post comments
Email this page

trading how to

Submitted by pennystocksecret on 25 December 2011 - 1:48pm.

Hi, Are you well?

Good one. Very important points mentioned in this article which is absolutely true. I think men should take note on it. Secret Trading Strategy Revealed. See how unemployed dad now makes up to $50,000 per month. 60 Day 100% Money Back Guarantee. Lets go to trading how to, shares of stock

Thanks for the great post.

Login or register to post comments
Email this comment

other forex info

What is forex? The forex market is where one currency is traded for another. It is the largest market in the world, not only in Dubai. You can learn a lot about the most famous city of the Emirates and its amazing airport and also tallest tower in the world. its amazing airport. You could try following their forex trading plan (at your own peril), or set up your own forex blog to better learn forex. That way, you can at least take note of the reasons for taking specific trades, what forex chart patterns they are looking at, and get some valuable forex tips from them. Don't forget about calculating the support and resistance area for the forex pairs you're following by using a Fibonacci calculator. This will help you immensely in your trading as most speculators will be looking at the same price levels, and you could possibly predict the moves of currency pairs.

new users

Poll

new discussion topics

AnaDubawi Polls
Dubai & Gulf Blogs

dubai weather now

share this page

Please download or enable Adobe Flash to see CitiFX Pro's currency rates widget.

Trade Forex with CitiFX Pro

AnaDubawi is an online community for people residing in or with any interests in Dubai, the United Arab Emirates and forex currency trading. All trademarks and copyrights on this page are owned by their respective owners. Any views or opinions expressed on AnaDubawi.com are those of the author/poster and do not represent those of AnaDubawi. AnaDubawi is not responsible for any materials submitted to the website. No material posted is in any way reviewed or approved by AnaDubawi's owners. Forex Trading Disclaimer: The information comprised in this site is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of this web-site does not constitute advice or a recommendation by AnaDubawi and should not be relied upon in making (or refraining from making) any decision relating to forex investments or any other financial matter. Trading with forex brokers on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. You must be aware of the risks and be willing to accept them in order to invest in the forex, futures and options markets. Do NOT trade with money you cannot afford to lose. You should consult your own independent financial and/or forex adviser and obtain professional advice before exercising any investment decisions or choices based on information found on this web-site.