| Online: | |
| Visits: | |
| Stories: |
| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Greece proposals accepted by Eurozone ministers! (Dayle Littlejohn)
Yesterday was a positive day for the future of Greece as Eurozone ministers accepted the list of economic reforms proposed. This has lead to Greece now recieving an additional bailout of 4 months. I am surprised the Euro has not significantly strengthened from this and exchange rates have not dropped to the 1.34s.
However going forward there are three main reasons why I would be looking to buy Euros sooner rather than later:
- Exchange rates have stayed at a 7 year high.
- Greece have accepted a four month bailout something they swore they would never do as they wanted to end austerity. I now believe in four months time negotiations will go smoothly and therefore will strengthen the Euro.
- With the upcoming UK election, there is no doubt this will stir political uncertainty, therefore this should weaken the currency in question (sterling) and exchange rates should drop.
If you are looking to buy Euros in the future but do not have all of the Sterling available an option for you is a forward contract. This is where you can book today’s 7 year high rate of exchange and then pay later. If you are looking for further professional advice feel free to email me on [email protected] or alternatively call 01494 787 478 and quote Dayle Littlejohn.
Source: http://www.eurorateforecast.com/2015/02/25/greece-proposals-accepted-by-eurozone-ministers-dayle-littlejohn/
It’s so good to see when the predictions are coming true and this has been predicted so long ago. I am into trade with EUR/USD for long time now and thanks to the swap free account by OctaFX broker I don’t have to pay anything for keeping trade on so that is seriously use given that my trade is open from more than 4-5 months just imagine paying commission for that long period with swap but now I can get away thanks to this option!