Cyprus is the latest European nation to face a significant banking crisis, as the eurozone takes another steps towards dissolution and far reaching reform. EU leaders have even threatened the Mediterranean country with expulsion from the single currency, unless it yields to demands and closes its largest bank. While this would appease representatives of the eurozone’s leading monetary organisation’s however, it would exacerbate civil unrest in Cyprus and bring the nation’s economy to its knees. With further high level talks expected this week, there remains the strong possibility that Cyprus will lead a procession of countries in a eurozone exodus as well as www.alpari.com/fr. With approximately £8.5 billion required to save Cyprus from bankruptcy, negotiations are expected to be protracted and prolonged. While this is hardly positive news for the region’s leaders, however, it is also another setback for forex and financial market traders who are attempting to profit in an already volatile environment. With the Euro continuing to weaken on the back of widespread debt, high unemployment and genuine uncertainty, traders are finding it increasingly difficult to forecast market trends and developments.
With this in mind, there is a pressing need for forex traders to evaluate their strategies and determine the most viable route to market success. In the current climate, it may be wise for investors to consider embracing the forex news strategy, which focuses on using reports and bulletins to identify definitive economic trends. By using a certain level of determinism to apply the effects of these trends to a real time market environment, it is possible for traders to execute profitable transactions regardless of the eurozone’s portents for growth.