{"id":9014,"date":"2010-05-03T08:17:38","date_gmt":"2010-05-03T12:17:38","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9014"},"modified":"2010-05-03T08:17:38","modified_gmt":"2010-05-03T12:17:38","slug":"concerns-regarding-greek-bailout-to-weaken-the-euro","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/03\/concerns-regarding-greek-bailout-to-weaken-the-euro\/","title":{"rendered":"Concerns Regarding Greek Bailout to Weaken the Euro"},"content":{"rendered":"<p><strong>By Ashley Smith<\/strong> &#8211; This week began with a sharp appreciation of the Euro, following the  Euro-Zone\u2019s $146 billion rescue plan for the Greek economy. However,  once the optimistic clouds scattered, the concerns regarding the  Euro-Zone\u2019s future have dominated the market.<\/p>\n<p>Currently, despite the Greek aid package,  investors have great concerns regarding the Euro-Zone\u2019s ability to  control the current gloomy situation. The effects of the enormous aid  package in addition to the uncertainty of the Irish, Portuguese and  Spanish economies have continued to put downward pressure on the Euro.  As a result, the Euro dropped over 150 pips from a 1-week high at the  1.3358 level.<\/p>\n<p>As for today, traders should first and foremost follow all updates  regarding the Greek economy. Moreover, for the near future there are no  doubts that this issue will continue to have an immense influence on the  market.<\/p>\n<p><em>Here are today leading news publications<\/em>:<\/p>\n<p>\u2022\u00a0<strong>12:30 GMT, US Personal Spending <\/strong>\u2013 This report  measures the change in the total value of expenditures by consumers. The  consumer spending accounts for a majority of overall economic activity.  Current expectations are that the personal spending in the US grew by  0.7% on March. If the actual result will be similar, it is likely to  strengthen the Dollar.<\/p>\n<p>\u2022\u00a0<strong>14:00 GMT, Manufacturing Purchasing Managers\u2019 Index (PMI)<\/strong> \u2013 It is a survey of purchasing managers, who are asked to rate their  current business conditions. If the end result will beat expectations  for 60.0, the USD is likely to be boosted as a result.<\/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 Ashley Smith &#8211; This week began with a sharp appreciation of the Euro, following the Euro-Zone\u2019s $146 billion rescue plan for the Greek economy. However, once the optimistic clouds scattered, the concerns regarding the Euro-Zone\u2019s future have dominated the market. Currently, despite the Greek aid package, investors have great concerns regarding the Euro-Zone\u2019s ability &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/05\/03\/concerns-regarding-greek-bailout-to-weaken-the-euro\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Concerns Regarding Greek Bailout to Weaken the Euro&#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-9014","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9014","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=9014"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9014\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}