Euro Still Under Siege - Bradley Associates.

http://mintarticles.com/read/currency-trading-articles/euro-still-under-siege-bradley-associates,17284/

Bradley Associates analysts have concluded that the $1 trillion eurozone stabilization package has failed in its efforts to halt the decline of the single currency as investors continue to sell euros in favor of the US dollar and gold.Despite this, however, the firm believes that if the aim of the package was to turn what was quickly becoming a panic into a steady and orderly decline, then it appears to be achieving that objective.A Bradley Associatse client note suggested that rumors and conjecture pointing to the collapse of the euro were exaggerated and warned that the US dollar would likely face a similar process in the months ahead. It warned that quantitative easing would make a return in the United Kingdom and the US, countries that are able to print their own currencies.Bradley Associates says it is confident that the package represents enough of a “big stick” with which to deter speculators and so-called bond vigilantes who forced up the yields on Greek, Spanish and Portuguese bonds before the unveiling of the €750bn ECB/IMF facility last weekend. Fears over the future of the European Union spilled over into equity markets as the euro traded at less than $1.24 on the foreign exchange markets.