EUR/USD is free-falling after the release of the Non-Payrolls and threatening to encounter the yearly lows. However, the NFP, which was mediocre, is not the reason. The publication just let the markets react to all the bad things going on. Here are 5 rdebt crisis related easons (and counting). Finland threatens to leave the euro-zone, and then denies it. Finland also contests the lack of seniority for the ESM in wehn buying bonds (such as Spanish sovereign bonds). Spanish bond yields are already back to the 7% region after hardly a very shot period of calm. Banking supervision is now expected only in mid 2013 (if not later), and not by the end of the year – this is needed for transferring money directly to Spanish banks. Troika says: no money for Greece until the program is back on track. But how will Greece get on track? Greece cannot collect taxes: “Over 12.5 billion euros in penalties could have entered state coffers had the mechanism worked” EUR/USD is at 1.2327 at the time of writing, down around 50 pips. The pair held above the 1.2360 line prior to the release and plunged afterwards. The low was at 1.2318. The break under 1.2330 is not confirmed yet. 1.2288 is the critical 2012 low. For more, see the EUR/USD forecast. 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 Canadian Dollar Erases Gains Despite Positive Jobs Report Yohay Elam 10 years EUR/USD is free-falling after the release of the Non-Payrolls and threatening to encounter the yearly lows. However, the NFP, which was mediocre, is not the reason. The publication just let the markets react to all the bad things going on. Here are 5 rdebt crisis related easons (and counting). Finland threatens to leave the euro-zone, and then denies it. Finland also contests the lack of seniority for the ESM in wehn buying bonds (such as Spanish sovereign bonds). Spanish bond yields are already back to the 7% region after hardly a very shot period of calm. Banking supervision is now… 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.