Forex Trading Live Update, Wednesday 27th June

by Joe Oliver, Forex Trading-Pips

Euro currency traded close to two week lows on Wednesday ahead of the EU summit scheduled for tomorrow where European leaders will attempt to find a solution to the region’s debt crisis. German Chancellor Angela Merkel and  French President Francois Hollande meet today in Paris before the 2 day event. Earlier today Italy sold 9 billion euros of 185 day bills at an average yield of 2.957 percent.

Spanish Prime Minister Marioano Rajoy recently commented “We can’t finance at current prices for too long. There are many institutions and financial entities that have no market access. It’s happening in Spain, it’s happening in Italy and in other countries, that’s why this is a crucial issue.”

We are currently short euro on our Forex Signals intra-day intermarket component with +85 pips profit. Our longer term intermarket signals component recently booked +843 pips profit in euro currency.