Portugal is under pressure to take a bailout, despite denying it. Portuguese bond yields traded in a choppy manner, as the Euro dropped lower. Tracy Alloway, at Alphaville, reminds us of the previous bailouts through charts – 7% yields on ten year notes were the point of no return. Portuguese bonds already passed this mark briefly. Here’s the analysis. Reports that Germany and France are pushing Portugal to take a bailout have appeared during the weekend, and were denied, at least now. The markets opened the week with a lower Euro/Dollar. It went as low as 1.2873 in early trade before recovering and now returning back to 1.2885. A bailout for Portugal has already been thought of – the small nation was already marked as the next domino. The big European countries and the EU officials want to avoid a bailout for Spain – the Euro-zone’s fourth largest economy, that has a load of debt which the current bailout fund cannot capacitate. For more on the Euro, including technical analysis, 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 Bits share Read Next AUD/USD Jan.11 -AUD Higher Again Today Against the USD Tamar Schoppik 12 years Portugal is under pressure to take a bailout, despite denying it. Portuguese bond yields traded in a choppy manner, as the Euro dropped lower. Tracy Alloway, at Alphaville, reminds us of the previous bailouts through charts - 7% yields on ten year notes were the point of no return. Portuguese bonds already passed this mark briefly. Here's the analysis. Reports that Germany and France are pushing Portugal to take a bailout have appeared during the weekend, and were denied, at least now. The markets opened the week with a lower Euro/Dollar. It went as low as 1.2873 in early trade… 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.
