Today is the day when the first amount of support to Greece arrives and investors will be watching keenly to grade the risk of contagion, meaning the problems expanding across the other high risk countries in Southern Europe? This risk pushed the EURO DOLLAR rate to a four year low yesterday as investors waited for initial results.
EU Trade balance figures are released shortly for the EURO at 10:00 BST which will be the largest mover for the EURO today. Some readers may recall that this report has come out positive, with a surplus for the EURO for the last 3 months and if this was the case it may provider EURO sellers with a short term opportunity. GBPEUR trader may wish to take advantage ASAP as UK Trade balance figures are out at 10:00BST and are expected to weaken the pound. Clients with a EURGBP trade may find the best opportunity between 10:00 – 12:00BST.
If you are in that position and would like to limit your exposure there is a number of tools available here including Limit orders and Stop-Loss orders which helps to limit your exposure to the markets. For more information please fill out the enquiry form to the right and one of our currency expert’s will be in contact shortly.