There is a wave of events crouping across the globe that is very disturbing.
The pair of EUR/USD closed at around 1.4480 two weeks ago rather than moving ahead on the bulls afterward, a chain of events before the closing of trading week ended 15/04/2011, the pair closed within the range of the previouse week at about 1.4425 lossing 55pips in between the two weeks.
soverign debts are eating into the fabrics of the currencies rendering them unsafe for investments, but really what then can safe on a rainy day if the currencies are not safe even enough to claim some pips in themselves?
Where does the investors, bankers and speculators alike seek safety? can the Euro really become a safe haven for the investors? the dollar is fast eroding its ability to shield from loses with the Feds printing more money to protect the US economy from colapse.
The leaders of financial industry are gathering to pave a new way to channel the course of event for the future but will they be able to achieve their goal and implement their objective?.
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