Portugal is likely to receive a bailout program in a few weeks. Yields on Portuguese yields refuse to drop from the 7.50%. Bonds on 10 year notes are a good benchmark of confidence that the market has. Ireland received its bailout when bond yields reached 7%. 7% marks the point of no return. April is critical month for Portugal – it has a big load of debt to pay back – which means it will have to borrow new money to cover it. With yields at these levels, the debt cycle is becoming very vicious and unsustainable. The Euro has enjoyed the rising price of oil caused by the Libyan crisis to rise against the falling dollar. Also the imminent rate hike, which ECB Jean-Claude Trichet explicitly talked about, have given a big boost to the Euro, which temporary passed the 1.40 mark. But the same Trichet stopped buying bonds at one point – and this also pushed yields higher. But time is running out for Portugal. April is around the corner. There’s a European summit on March 24th, in the last moment for Portugal. The Euro is likely to take a hit on bailout for Portugal, and will take an even bigger dive if a plan isn’t realized. Here’s one opinion: Europe’s leaders are well aware of the scrutiny they face from the markets, so they are likely to cook up some kind of deal this week; but without solid proposals for a Portuguese bailout and a wider debt restructuring, the eurozone will be left stumbling towards its next crisis. “I think this could potentially be a very tricky month for the euro – it’s a car crash waiting to happen,” says Michael Derks of foreign exchange broker FxPro. “I think Portugal is weeks away, and I think Portugal will be the trigger.” The talk about a bailout for Portugal already began at the beginning of the year as Germany and France reportedly discussed the details. The goal of such a bailout for Portugal is that Portugal would be the third and last country, and that the Spain will avoid the fate of Ireland, Greece and Portugal. How will the Euro react? For EUR/US technical levels and an outlook for market moving events, see the EUR/USD forecast. FxPro - Forex Broker FxPro - Forex Broker Forex Broker FxPro is an international Forex Broker. FxPro is an award-winning online broker, offering CFDs on forex, futures, indices, shares, spot metals and energies, serving clients in more than 150 countries worldwide. FxPro offers execution with no-dealing-desk intervention and maintains a client-centric business model that puts customer needs at the forefront of our operations. Our acquisition of leading spot FX aggregator, Quotix, enables us to offer access to a deep pool of liquidity, as well as top-class order-matching and some of the most competitive spreads in the market. FxPro is one of only few brokers offering Negative Balance Protection, ensuring that clients cannot lose more than their overall investment. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration number: 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 078/07) and by the South Africa Financial Services Board (authorisation number 45052). Risk Warning: Trading CFDs involves significant risk of loss. View All Post By FxPro - Forex Broker Forex News Today: Daily Trading News share Read Next AUD/USD Mar.07-Aussie Closes Week Lower against US Dollar Tamar Schoppik 11 years Portugal is likely to receive a bailout program in a few weeks. Yields on Portuguese yields refuse to drop from the 7.50%. Bonds on 10 year notes are a good benchmark of confidence that the market has. Ireland received its bailout when bond yields reached 7%. 7% marks the point of no return. April is critical month for Portugal - it has a big load of debt to pay back - which means it will have to borrow new money to cover it. With yields at these levels, the debt cycle is becoming very vicious and unsustainable. The Euro has… 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.