FXstreet.com (Barcelona) - Tonight's Eurogroup meeting ahead of tomorrow's Ecofin meeting should confirm there will be no Spanish bailout request, as said by PM Rajoy, disappointing market participants. “Instead, the focus will likely be on clarifying whether bank bailout funds for Spain go onto the government’s balance sheet or not, with details of Spain’s Bad Bank plan, as well”, wrote TD Securities analyst Annette Beacher.
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
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