What should binary option traders investing in the Euro binary option markets expect in the future. Is really, the Euro-zone falling apart?
The economic troubles in the Euro-zone deserve very serious considerations. Spain and Greece are on the verge of bankruptcy and the second is even threatening with a potential Euro exit.
The Spanish economy is in a severe recession, that looks like might transform into a depression. Even though one in four Spaniards are out of work in Spain, yet the government is still unwilling to accept terms of any EU rescue plan.
The circulating rumors are suggesting that there is 1/3 chance of Greece exiting from the Euro-zone in the coming months, following the elections on June 17th. The credit agency further stated a Greek exit would seriously damage Greece’s economy and fiscal position in the medium term and most likely lead to another Greek sovereign default. Another Greek default would impact other Euro-zone economies which would also face a negative credit rating write.
On the other side, the good news for the binary option community interested in the E.U. are that the bond market is not shutting Spain out. At least not yet. Yields for Spanish 10-year notes are coming down in today’s trading. Apparently, the bond vigilantes did not get the Montoro memo. Although, the rates for the Spanish 10-year note have risen steadily and approached the 7% danger zone.
Disclaimer:
The information in this analysis is collected from different sources and should serve for informative purposes only. The author shall not be held responsible for the validity of the presented information. No part of this analysis recommends the purchase or sale of a currency pair or any other financial instrument.
