The European mini summit in Berlin supplied so headlines about bank nationalization and regulation. This could trigger the EUR/USD to open the forex trading week lower – with a weekend gap. Bank Nationalization was highly debated in the European mini-summit in Berlin. Although both EU leaders and ECB’s Trichet talked against nationalization, this issue is on the table: It quoted Trichet as saying ‘the classic economic models and theories cannot be applied, and future development cannot be foreseen’ in the current crisis, which complicated restoration of trust in free-market mechanisms. Source: Forbes. But European leaders, preparing for the G-20 summit in April, were in favor of more regulation: “All financial markets, products and their participants — including hedge funds and other private investor groups which have the potential for systematic risk — must be subject to appropriate supervision or regulation,” the heads of government and state including German Chancellor Angela Merkel, U.K. Prime MinisterGordon Brown and French President Nicolas Sarkozy said in a joint statement after talks in Berlin today. Source: Bloomberg. And how would all these news from Berlin impact the Euro? Fears of bank nationalization beat the dollar on Friday. Kathy Lien also talks about this issue, and also reminds us that the nationalization of Northern Rock by the British government hurt the pound on February 2008. Last week, the Euro lost ground against the dollar throughout the week, but erased everything on Friday afternoon, as other currencies did against the dollar on fears of bank nationalization. EUR/USD is at 1.2820 at the weekend. So, after understanding that the nationalization of banks (or just the fear) hurts currencies, we can expect the Euro to start the weekend. I’ll follow and see if my forecast of a weekend gap in the EUR/USD will really happen, as trade resumes in a few hours in the Forex market. 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 Opinions share Read Next Forex Daily Outlook – February 23rd 2009 Yohay Elam 14 years The European mini summit in Berlin supplied so headlines about bank nationalization and regulation. This could trigger the EUR/USD to open the forex trading week lower - with a weekend gap. Bank Nationalization was highly debated in the European mini-summit in Berlin. Although both EU leaders and ECB's Trichet talked against nationalization, this issue is on the table: It quoted Trichet as saying 'the classic economic models and theories cannot be applied, and future development cannot be foreseen' in the current crisis, which complicated restoration of trust in free-market mechanisms. Source: Forbes. But European leaders, preparing for the G-20 summit… 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.