It is no secret that the euro has seen better days. Early today it hit session lows as the Spanish debt crisis persisted. German lawmakers have chimed into the talks about the eurozone’s bailout plan for Spain giving their support as long as Spain guarantees the funds.
Spain’s debt crisis is entering its third year and it’s safe to say that it has replaced Greece as the eurozone’s current focal point. German Finance Minister Wolfgang Schaeuble is calling Spain’s current state an “emergency situation” and has said the world’s doubt in Spain creates “a problem of the euro zone’s financial stability.”
With the euro’s future standing on shaky ground, currency traders are watching closely to see how the actions will affect the currency market. These market moves could mean money for educated Forex traders. The question is not if the news will affect the market. The question is when.
Forex education could show you how your daily dose of news can turn into money-making opportunities. It could give you the resources you need to get started in this more than $4 trillion market and how to recognize which trades may be beneficial to you. To learn more about how you can get an edge on the Forex market, click here.