Euro Forecast: EUR/USD Plunges Below 1.08 as EU Summit Flops

The Euro Forecast: EUR/USD Plunges Below 1.08 as EU Summit Flops Is an article by Ed Coker in which he outlines why the European currency has dropped to its lowest levels in about a decade. The article contains three factors that are causing the Euro to drop, and the reasons for these are discussed at length in the article.

The headline of the article is that the official unemployment figures are down but real unemployment is way up. There is also the poor employment picture in other parts of the world, where job growth is steady or declining. There is also the case of Greece, with all the problems there.

There is a lot more to the article than that though, including information on the Euro Forecast: EUR/USD indicators, which have been so high lately and continues to climb. That data is based on the most recent price data and trends and is based on a twenty-year moving average with two additional trending points included. It is likely that the European currency will continue to climb above the trendline level this is a great buying opportunity.

The second part of the article takes a look at the trend of the EUR/USD moving averages, the strength of the currency, and a charted time series approach. This is of course based on the euro price, but it also includes the news of how the economy is doing, because as was mentioned before, unemployment in many parts of the world is on the rise, and many areas of the world, including Greece, are facing serious financial problems, thus causing turmoil and possibly the end of the Euro.

Finally, the third part of the article takes a look at the Euro Forecast: EUR/USD components, including the EUR/CHF pair, the EUR/JPY pair, and the EUR/GBP pair. This gives a view of the breakdown of the weekly data for the various pairs and provides a better view of what is going on, as this is based on the more recent data, not from old data that may be skewed by market news. This is a really good way to get a real idea of what is happening and get a good handle on what the most likely markets are going to be next.

The last part of the article looks at the broader perspective of the Euro Forecast: EUR/USD chart, and how the statistics on GDP growth over the past several years have not been good ones. Many nations have experienced economic growth and some have had problems. The main argument against the euro has been that it has been cheaper for them to print their own money and use it to pay for imports, but if this cheapening of the currency was the main problem, why has there been so much growth?

The biggest reason for the growth, of course, is the increase in the money supply in Europe. This can be contrasted to the United States, which has seen its money supply to decline from $10 trillion to only $7 trillion since the Federal Reserve took over the monetary policy.

Of course, with inflation and taxes increasing, as well as rising labor costs, there is now an overall growth rate in many nations that may not be good. All of the national economies will face some kind of turmoil, unless, and until, the European nations, and the European Central Bank, change course, and stop their expansionary policies.

We all know that the U.S. dollar has gained ground on the Euro over the past two months, as the euro started to weaken and the dollar gained a little ground. If the European nations do not change course, as the U.S. is unwilling to do, then the U.S. dollar could continue to make gains, while the Euro, which has lost too much ground in the past few weeks, could fall to under one dollar. But even if that does not happen, then you see that it is going to be quite a different scenario for the Euro versus the U.S. dollar, and the Euro Forecast: EUR/USDwill continue to go down from here.

So, there is a major difference between the U.S. and European economies, and that will continue to be the case, as the strong growth of the U.S. in the early part of the century, followed by a period of recession, will continue to affect Europe, even if it has shown no negative effects for the Euro. And, of course, as mentioned, other nations are struggling with their economies, especially those that were doing well economically in the past. like the emerging nations, with their commodity-based economies, and their high trade surpluses.