France will start a busy week and a busy year of selling debt – it aims to raise 8.5 billion euros on Monday. Also Germany, Belgium and the Netherlands will raise money, but the focus will be on Portugal, which will go for a modest 0.5 billion euros on Wednesday. Portugal is marked as the next domino in the European debt crisis – asking for a bailout from the European Union – the third country to get a bailout. In an article in the Wall Street Journal, we hear that Portugal may be the last country to be bailed out, meaning the crisis won’t reach the huge economy of Spains: Intesa Sanpaolo’s forecast assumes the country will turn to European Union for help in the first quarter. But the bank also thinks no further bailouts will follow. “We believe the euro government bond crisis should be overcome without other countries reaching the point of default,” Intesa Sanpaolo strategists said. If tensions mount but don’t lead to a bailout, the expected trend of euro spreads would not necessarily change a lot, they said. Anyway, the success or failure of bond auctions in the first week of 2011 will set the tone for the whole quarter, perhaps for the full year. Some fear that 2011 will be much worse – Credit Crunch 2. The Euro ended the year on a high note, 1.3383. What’s up for the Euro this week ? Check out 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 NZD/USD Outlook – January 3-7 Yohay Elam 12 years France will start a busy week and a busy year of selling debt - it aims to raise 8.5 billion euros on Monday. Also Germany, Belgium and the Netherlands will raise money, but the focus will be on Portugal, which will go for a modest 0.5 billion euros on Wednesday. Portugal is marked as the next domino in the European debt crisis - asking for a bailout from the European Union - the third country to get a bailout. In an article in the Wall Street Journal, we hear that Portugal may be the last country to be bailed out,… 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.