{"id":8743,"date":"2010-04-22T08:55:07","date_gmt":"2010-04-22T12:55:07","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=8743"},"modified":"2010-04-22T08:55:07","modified_gmt":"2010-04-22T12:55:07","slug":"eur-continues-to-fall-on-greek-debt-worries","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/04\/22\/eur-continues-to-fall-on-greek-debt-worries\/","title":{"rendered":"EUR Continues to Fall on Greek Debt Worries"},"content":{"rendered":"<p><strong>By <strong><\/strong><\/strong><strong><strong><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong><\/strong><\/a><\/strong><span style=\"text-decoration: underline;\"><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex                  Yard<\/strong><\/a><\/strong><\/span> <\/strong><\/strong>&#8211; The euro continued to decline during the European trading session  despite new meetings between Greek government leaders, the EU, and the  IMF. The pound was also trading lower following poor monthly retail  sales numbers.<\/p>\n<p>The EUR\/USD fell to 1.3300 from an opening day price of 1.3387. This  comes after the spread on Greek government bonds rose to a record high  against German bunds. German bunds are considered to be Europe&#8217;s best  measurement of risk. Traders have also been eyeing Portugal government  debt as the bond&#8217;s spreads have also jumped to uncharacteristic high  levels against the bund.<\/p>\n<p>The pound was unable to hold its earlier gains following weaker than  expected British monthly retail sales data. Retail sales for the month  of March fell by 0.4% on market expectations of a 0.7% rise. As such the  GBP\/USD fell to 1.5374 from 1.5425.<\/p>\n<p>This afternoon is flooded with U.S. data releases. At 12:30 GMT U.S.  PPI and weekly unemployment claims are set to be released, along with  existing home sales data at 14:00GMT. Positive data for the U.S. economy  may help to extend the dollar&#8217;s gains into the New York trading  session. The EUR\/USD has found support at the 1.3330 price level. The  next major support level for the pair rests at 1.3280, the bottom of  this month&#8217;s earlier consolidation pattern.<\/p>\n<p><em><strong>Forex Market Analysis<\/strong><\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex                     Yard.<\/strong><\/a><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                     may not be suitable for all investors. There is a          possibility      that     you   could sustain a loss of all of  your         investment and      therefore  you     should  not invest  money  that   you      cannot afford to      lose. You  should  be     aware of   all   the    risks   associated with   Foreign    Exchange   trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Forex Yard &#8211; The euro continued to decline during the European trading session despite new meetings between Greek government leaders, the EU, and the IMF. The pound was also trading lower following poor monthly retail sales numbers. The EUR\/USD fell to 1.3300 from an opening day price of 1.3387. This comes after the spread &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/04\/22\/eur-continues-to-fall-on-greek-debt-worries\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EUR Continues to Fall on Greek Debt Worries&#8221;<\/span><\/a><\/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-8743","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8743","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=8743"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8743\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=8743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=8743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=8743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}