German Ifo Business Climate came out significantly better than expected – 109.3 instead of 107.6 points. But the Euro is troubled by the growing contagion of the debt crisis, and loses another support line. German Ifo Business Climate usually meets expectations and helps the Euro. This time, expectations were significantly exceeded, yet there are lots of troubles in the continent. The yields on Irish, Portuguese and Spanish bonds have all risen once again. Irish yields were the focus of the crisis, and the credit downgrade of Ireland didn’t surprise anybody. But the higher yields on Spanish debt are very worrying – the fourth largest economy in the Euro-zone is unlikely to be bailed out in case of need. The higher yield on long term Spanish bonds joins a weaker than expected bond auction for short term bonds in Spain yesterday – yields were double than those of the previous auction in October. Add the ongoing tensions between North and South Korea and you have another breakdown – EUR/USD lost the 1.3334 line which was a peak in August and is now trading under 1.33. The next line is already very close – 1.3267, which was a support line… just before the Greek crisis in May. See more lines, and technical analysis at the EUR USD forecast. The Irish crisis is also far from over. The government, at the brink of collapse, still wants to pass the budget on December 7th, but this may be wishful thinking. As the deadline approaches, the Irish crisis will probably return to center stage. Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.. 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 News Today: Daily Trading News share Read Next Lebanese Tensions Rise On Upcoming Hezbollah Indictment Yohay Elam 12 years German Ifo Business Climate came out significantly better than expected - 109.3 instead of 107.6 points. But the Euro is troubled by the growing contagion of the debt crisis, and loses another support line. German Ifo Business Climate usually meets expectations and helps the Euro. This time, expectations were significantly exceeded, yet there are lots of troubles in the continent. The yields on Irish, Portuguese and Spanish bonds have all risen once again. Irish yields were the focus of the crisis, and the credit downgrade of Ireland didn't surprise anybody. But the higher yields on Spanish debt are very worrying… 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.