Now that big buyers have closed their long positions with profit, they need EURUSD to go down. We will see more sponsored news like this in coming days.
The Euro Crisis Isn't Over
As the eurozone economic recovery begins to gain traction and as the credit rating agencies start to upgrade former eurozone deadbeat countries, the conventional wisdom seems to be that the euro crisis is now safely behind us. It would be wonderful if that common view were proved right. Sadly, however, there are all too many reasons to think that the conventional wisdom will prove to be far too complacent and that the euro crisis could raise its ugly head again next year. It could do so when the European Central Bank starts to normalize its present ultra-easy monetary policy stance and when the Italian parliamentary ... (full story)