A report that the European permanent bailout fund (ESM) will be able to recapitalize banks such as Bankia is lifting the euro from the gutter. EUR/USD jumped from 1.2430 to 1.2470. 1.25 is still looming above. EUR USD Small Recovery - Click image to enlarge It fell earlier to the abyss on rising yields for Spain and an awful Italian auction. Spanish yields got too close to the scary 7%. One of the reasons for Spain’s pain is the nationalization of Bankia -injecting an additional 19 billion euros for weighs on the sovereign. Getting ESM funds is a great relief for Spain, assuming it is correct. For more, see the EUR/USD forecast. This move could certainly be a squeeze of shorts after the recent fall – an opportunity to cover a drop. EUR/USD is now stabilizing around 1.2450- 1.2460. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next How to Trade False Breakouts Yohay Elam 10 years A report that the European permanent bailout fund (ESM) will be able to recapitalize banks such as Bankia is lifting the euro from the gutter. EUR/USD jumped from 1.2430 to 1.2470. 1.25 is still looming above. [caption id="attachment_35876" align="alignnone" width="610" caption="EUR USD Small Recovery - Click image to enlarge"][/caption] It fell earlier to the abyss on rising yields for Spain and an awful Italian auction. Spanish yields got too close to the scary 7%. One of the reasons for Spain's pain is the nationalization of Bankia -injecting an additional 19 billion euros for weighs on the sovereign. Getting ESM funds… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
