{"id":9670,"date":"2010-05-24T11:35:33","date_gmt":"2010-05-24T15:35:33","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9670"},"modified":"2010-05-24T11:35:33","modified_gmt":"2010-05-24T15:35:33","slug":"euro-drops-following-spanish-bank-takeover","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/24\/euro-drops-following-spanish-bank-takeover\/","title":{"rendered":"Euro Drops Following Spanish Bank Takeover"},"content":{"rendered":"<p><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><span style=\"text-decoration: underline;\"><strong>By ForexYard<\/strong><\/span><\/a> &#8211; Last week&#8217;s Euro rally proved to be short-lived following today&#8217;s  decision by the Spanish government to take over one of the leading banks  in Spain.  The takeover reinforced investor doubts regarding the  Euro-zone economies, and led to a drop for the single currency against  its major counterparts.  EUR\/USD, currently trading just below the  1.2400 level, has dropped approximately 200 pips since last night.   EUR\/GBP has also seen a significant drop since last night, falling from  0.8700 to its current level of 0.8622.<\/p>\n<p>Traders will want to pay attention to the U.S. Existing Home Sales  report set to be released at 14:00 GMT today.  Following last month&#8217;s  stronger than expected home sales figures, investors are waiting to see  if the uptrend will continue.  With analysts forecasting a strong home  sales figure, traders will want to watch out for Dollar gains in  afternoon and evening trading.  That being said, should the figure come  in below expectations the greenback may take some losses against certain  currencies like the JPY and CAD.<\/p>\n<p><strong><em>Forex Market       Analysis<\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex                                          Yard.<\/a><\/strong><\/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 ForexYard &#8211; Last week&#8217;s Euro rally proved to be short-lived following today&#8217;s decision by the Spanish government to take over one of the leading banks in Spain. The takeover reinforced investor doubts regarding the Euro-zone economies, and led to a drop for the single currency against its major counterparts. EUR\/USD, currently trading just below &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/05\/24\/euro-drops-following-spanish-bank-takeover\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Euro Drops Following Spanish Bank Takeover&#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-9670","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9670","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=9670"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9670\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}