While the Spanish government is perhaps successfully lowering the debt, fresh news about the debt of the regional and local authorities weighs on the Euro. And despite the high unemployment rate, negotiations with the unions collapsed. EUR/USD is moving lower. A new report about the total debt of the regional governments (communities) in Spain, and the local municipalities, has shown a rise of 2.4% in 2010. It already reaches a total of 3.3% of the GDP. This comes as the Spanish government, shaken by the recent regional elections, has vowed that the debt to GDP ratio will be under 6%. Is this part of the Spanish hidden debt? In addition, negotiations between the socialist government and the unions have collapsed. The government wants more flexible laws. The unions feel they have more power now, with the protests and camp outs continuing in Madrid’s Puerta Del Sol, in Barcelona’s Plaça Catalunya and in many other Spanish cities. EUR/USD is down under the 1.4450 line once again, now 1.4410. Support is at 1.4375. For more lines, see the euro to dollar forecast. Yesterday, around the same hours, it was the downgrade for Greece from Moody’s that sent the pair down. Today in Greece, some of the ruling party’s members are opposing the new austerity measures from the government. This isn’t good news for those that hoped for another quick and temporary resolution. 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 AUD/USD June 03- Aussie UP Against US Dollar On Tamar Schoppik 12 years While the Spanish government is perhaps successfully lowering the debt, fresh news about the debt of the regional and local authorities weighs on the Euro. And despite the high unemployment rate, negotiations with the unions collapsed. EUR/USD is moving lower. A new report about the total debt of the regional governments (communities) in Spain, and the local municipalities, has shown a rise of 2.4% in 2010. It already reaches a total of 3.3% of the GDP. This comes as the Spanish government, shaken by the recent regional elections, has vowed that the debt to GDP ratio will be under… Regulated 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.
