The Euro is under pressure this week.

The Euro is under pressure this week.
March 5, 2012 Matthew Mocorro

The Euro is under pressure this week. On March 8th, Greece’s private investors will decide whether or not to accept a bond swap that could help prevent Greece from a messy default. If investors agree to this swap, they will forgive 53.5% of the principal and exchange remaining holdings for new government bonds and notes from the European Financial Stability Facility. This will be the biggest debt restructuring in history.

Greece’s second bailout package of 130 billion-euros is dependent on Greece’s private investors agreeing to the bond swap. The anticipation of the bond swap has already caused the Euro to fall nearly 2% against the US Dollar.

Matt's Technical Analysis

News events can create momentum in the Forex market. Educated Forex traders are able to know what to look for, how to prepare and how to react to these market movements.

Market Traders Institute prides itself in helping students prepare for such market movements through a variety of Forex tools, resources and support found within the Ultimate Traders Package on Demand. The five-phased, lifetime Forex education is geared to help traders develop their trading skills and become an effective Forex trader.

Learn how MTI’s Ultimate Traders Package on Demand could prepare you for such fundamental announcements. Attend a free webinar for more information. Register by completing the form below.

0 Comments

Leave a reply

Chat live with one of our friendly team members.

Fill out the form below to start a chat session.

×

Welcome to Market Traders Institute Support