Wondering what 2015 has in store for your trading? If you are trading the Euro (and to some degree all currency traders do…) you might be in for an interesting ride. It looks like the mighty Eurozone is running into troubles (once again).
Here are a few articles discussing the ongoing struggles faced by the European Economic Union.
To start out with, business activity in the eurozone has been in a slump. Recent economic data is pointing to the fact that the eurozone is trying hard to crawl out of its hole but continues to have difficulty.
THE EUROZONE has been plunged into fresh financial turmoil today after the euro fell to a four-year low against the dollar.
If that wouldn’t be enough, we have the ongoing issue with what’s going to happen with Greece.
Will they stay, will they leave? Only time will tell.
However, one thing is certain, this ongoing debate does little to add stability to the issue and the region.
Next month’s snap elections have reignited talk about a possible Greek exit from the eurozone, while statements insisting that the next government will see Athens sticking to its commitments are also on the increase.
And then there are other countries, relatively eager to join the Eurozone, regardless of all the troubles up ahead. How will all of this affect trading the euro?
Lithuania has celebrated the New Year by joining the eurozone. The decision is country’s bid to boost stability despite inflation fears and euro zone debt troubles.
Again, time will tell how all these issues will play out and what level of volatility you can expect when trading the Euro in the new year.
It might just be a good idea to pay extra close attention to ongoing developments in the eurozone. After all, nobody wants to get blindsided!