{"id":15924,"date":"2010-11-27T10:33:24","date_gmt":"2010-11-27T15:33:24","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=15924"},"modified":"2010-11-27T10:33:24","modified_gmt":"2010-11-27T15:33:24","slug":"euro-clinging-to-life","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/11\/27\/euro-clinging-to-life\/","title":{"rendered":"Euro Clinging to Life"},"content":{"rendered":"<p><strong>By James McKee<\/strong><\/p>\n<p>The Euro has seen its fair share of trouble in the last 48 hours between  renewed concerns about Greece and growing uncertainty about the effect  the bailout of Ireland will have on the Euro Zone. Investors are running  scared in light of this new information and are not likely to return to  the AUD, NZD, or EUR until this situation has been sorted out to some  extent. Despite these troubles the USD has managed to still fall against  the EUR, possibly due to the fact that the USD is undergoing its own  troubles from the recent actions of the Federal Reserve Bank in an  effort to provide quantitative easing.<\/p>\n<p>Problems in both the US and Europe are growing to fruition as austerity  measures are being imposed in both countries. The austerity measures in  the United States have not been fully realized as of yet but if the US  dollar continues to drop in value there are sure to be serious  modifications to the level of effort being made to curb spending. The  Great British pound has been doing remarkably well recently and it would  be a good idea to use the GBP paired with any Euro Zone currency  provided you can apply due diligence during the trade. The Forex  currency exchange is a rather scary place at the moment and should not  be treaded into lightly.<\/p>\n<p>Austerity measures, quantitative easing and other efforts are sure to  result in inflation in no time at all. The countries who are not  practicing this behavior (or are at least doing it less) will be the  ones to bet on in the near future. Intraday trading of any type is not  advisable currently in light of the severe instability across the board  of every major currency. The minor currencies would also be a bad idea  to jump into for a long period since most of them are dependent on the  US dollar which is having its own woes.<\/p>\n<h3>About the Author<\/h3>\n<p>Author is a Forex trader and financial analyst residing in Denver,  Colorado. To stay up to date on all the latest developments in the  financial world and beyond be sure to check out the <strong><a href=\"http:\/\/forex.tradingcharts.com\/foreign_exchange_rates\/\" target=\"_new\">forex exchange rates<\/a><\/strong> regularly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Austerity measures, quantitative easing and other efforts are sure to result in inflation in no time at all. The countries who are not practicing this behavior (or are at least doing it less) will be the ones to bet on in the near future.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-15924","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=15924"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15924\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=15924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=15924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=15924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}