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BREAKING: EURO drops UNDER 1.23 $ for first time in 2 years -

 
CRASH BURN DROP
User ID: 19228843
Germany
07/06/2012 01:00 PM
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BREAKING: EURO drops UNDER 1.23 $ for first time in 2 years -
EURO / $ : 1.2274

This is it, so it begins etc...
Anonymous Coward (OP)
User ID: 19228843
Germany
07/06/2012 01:07 PM
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Re: BREAKING: EURO drops UNDER 1.23 $ for first time in 2 years -
[link to finance.yahoo.com]
Anonymous Coward
User ID: 19237501
Germany
07/06/2012 01:07 PM
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Re: BREAKING: EURO drops UNDER 1.23 $ for first time in 2 years -
It's friday... -> WEEKEND

[link to www.finanzen100.de]
Anonymous Coward (OP)
User ID: 19228843
Germany
07/06/2012 01:09 PM
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Re: BREAKING: EURO drops UNDER 1.23 $ for first time in 2 years -
(from link)
"The euro is the weakest performer among the majors with a decline of 0.71% on the session. The single currency has remained under pressure since yesterday when the ECB announced it would cut rates to by 25 basis points to 0.75% in an attempt to support the faltering recovery. The move marks the first time the interest rate has fell below 1% since the euro’s inception. It seems more likely that the region will face a pro-longed recession as yields on Spanish and Italian debt hold near record highs with the euro likely to remain under pressure in the coming weeks. Daily support for the pair is now eyed at the 50% Fibonacci extension taken from the May and June highs at 1.2250 with an RSI break below the 50-mark offering further conviction on our bias. A break below this level exposes targets lower at the key 61.8% extension at 1.2130 and 1.2030. Initial daily resistance now stands at the 38.2% extension at 1.2370 and is backed by 1.2435."

violinexplosionaloneabombscaredviolin
Anonymous Coward
User ID: 18818840
United States
07/06/2012 01:10 PM
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Re: BREAKING: EURO drops UNDER 1.23 $ for first time in 2 years -
Ugh that means the US Dollar is rallying which in turn would make stocks go down!!!
FierySky

User ID: 7612693
United States
07/06/2012 01:13 PM
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Re: BREAKING: EURO drops UNDER 1.23 $ for first time in 2 years -
Ugh that means the US Dollar is rallying which in turn would make stocks go down!!!
 Quoting: Anonymous Coward 18818840


Until the idgets wake up and realize that the US dollar is the reason for all this carshing business in the first place and start demanding the delivery of their physical gold, which is what they should do in the first place.
Anonymous Coward
User ID: 19237501
Germany
07/06/2012 01:17 PM
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Re: BREAKING: EURO drops UNDER 1.23 $ for first time in 2 years -
Anonymous Coward
User ID: 14218599
Korea, Republic of
07/06/2012 01:24 PM
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Re: BREAKING: EURO drops UNDER 1.23 $ for first time in 2 years -
Ugh that means the US Dollar is rallying which in turn would make stocks go down!!!
 Quoting: Anonymous Coward 18818840


yup,all commodity are down , except cattle futures...

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