Portugal Focus of ECB

The European Central Bank now focuses on buying Portuguese bonds, in an effort to prevent the fall of the next domino in the European debt crisis. After the Irish parliament approved the budget cuts – a pre-condition for the bailout package, the ECB leaves Irish debt crisis behind and focuses on another periphery country – Portugal.

Tracy Alloway, at Alpahville reports about the efforts in CDS bonds. EUR/USD is falling in online trading forex once again after an attempt to move higher, currently trading at 1.3260, between the 1.32 and 1.3267 lines.

For more technical levels and analysis, see the EUR/USD forecast.

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

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