Monday, June 27, 2011

The Euro Digest

This week we'll see the Votes on Euro, and pending the outcome we may see price tone being set based on the outcome - likely to see increased volatility.

The opinion is still widely varied so it seems like it will be a coinflip at this stage. Since I'm a betting man, I'll go with my short positions, as the trend is still down.

Some reading for the EURO

Soros indicates some country will leave EURO at some stage
China PM indicates support for the EURO
Political Cross Currents within the EURO

and the rate hikes are looming across the globe, as inflation remains persistent.