Many people wonder,Will the EURO continue to decline below 1.2500 ?!! OR It will bounce back strongly from this level?!!
Frankly, the answer is unclear,why ?!!
Because there are many and complex things will determine the fate of the euro ?!!
EU leaders are trying to reduce the price of gold to help Greece in its debt repayment ?!
How Greece will benefit from the low price of gold ?!!
When Gold goes down ,Greece will purchase their requirements by gold, It may also pay some debts by gold, this way public spending will be reduced ?!!
What's the relationship betweeen EURO and Gold ?!!
When Gold goes down , EURO usually goes down ?!!
The most important thing that will determine the fate of the euro,French legislative
election on 10 and 17 June 2012 ?!
The policy of Nicolas Sarkozy towards the EURO , makes the EURO stand up to this day ?
In other words,Sarkozy is the Joker card, who will save the euro ?!!
François Hollande , his policy is unclear yet , he will be with United States or Russia
Till his policy becomes clear, no one would risk with EURO especially the big players , then
the European Currency should sink down to 1.2000 even 1.1800 is suggested till the sky
becomes clear ?!!
Keep an eye on French legislative election, 2012
Nicolas Sarkozy = 1.4000 , François Hollande = 1.1800
Thursday 24 May 2012 04:50 PM