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Forex Commentaries and Forecasts
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UBS suffering from U.S. subprime crisis
Tue, Apr 1 2008, 07:11 GMT
by Peter Mill
Forex Trading Signals and Daily Strategy
Live Forex, Stock, CFD, Gold and Crude Oil signals by World-Signals.com.The Euro declines for second day against the dollar after the release of UBS plan for additional capital of $15 billion. The bank is the biggest European bank loser from U.S. subprime crisis. An UBS problem is the first solid signal for the spread crisis in the European Union. Europe will suffer from U.S. crisis predict some expert’s very soon. After the UBS bank news was release follow mass euro sells. The recovery of the dollar will continue.
The
expert of World-Signals.com George Marshal forecast that the euro would down to
1.5450 against the dollar. Yesterday the EURUSD was trading at 1.5896 just 6
pips away from the ever time record. After that the EURUSD recovered to 1.5653
during the morning European session.
Published on Tue, Apr 1 2008, 07:12 GMT
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