The pressure is still on the single currency on increasing European requests for Portugal to accept a funding loan of its deficit from the IMF and European commission prepared package for the debt problems of the Euro area countries following Ireland but until now there is no signs of acceptance from Portugal and the Spanish government is still tied to its same position that there is no need of getting this package aid satisfied with its current bond market conditions exposure but it looks that the markets are still worrying about the debt conditions inside the Euro area weighing negatively on the European equities market which has had no considerable support from the US first session after long vacation because of the thanksgiving holidays as it is still depressed by the tension in the Korean semi island and Dow has hardly could tighten most of its loses by the end of session yesterday closing down by just 39 points while the demand for the US treasuries is still strong supporting the greenback taking from the investors' interests in the shares...

The pressure is still on the single currency on increasing European requests for Portugal to accept a funding loan of its deficit from the IMF and European commission prepared package for the debt problems of the Euro area following Ireland while they have new assurance from Spain that it is not in need of this package satisfied with the current bond market conditions and how it was obvious to the market that the Irish yields have gone down as it has become less exposed to the normal bond market conditions which have become sever to its financial position, after the announcement about its reached deal for having funds from this package as it has restored the confidence on the offered debts giving stability of its position supporting the position of the other European countries after the yield differential have increased recording new highs between the suffering countries like Ireland and Germany as the most stable trusted country and first funding county of this offered package and looking for having adjustments of the bond market inside the Euro zone as what has been announced with France by the end of last week.

The greenback is still keeping its gains across the broad trading below 1.33 again as  yesterday release of the germane IFO historical recorded high of November which has not been seen since 1991 reaching 109.3 while it was expected to be just 107.4 easing from 107.7 in October could not ease the market worries about the debt outlook inside the Euro area capping the single currency from getting over 1.342 despite the improving of the market risk appetite yesterday which triggered gaining in the equities market after Tuesday strong selling on worries about Irish debt and the tension in the Korean semi island as it is still under strong technical selling pressure after inability to break above 1.3775 in the beginning of this week drawing down breaking 1.35 psychological level which triggered stop losing orders adding to the downward momentum which lead the pair to be traded below 1.33 today while the pair real major supporting area is starting from 1.3030 to 1.297 and the failing there can lead to testing the pair recent bottom at 1.26.

The greenback could add to its gains early in the European session breaking below 1.33 despite the germane IFO historical recorded high of November which has not been seen since 1991 reaching 109.3 while it was expected to be just 107.4 easing from 107.7 in October but the worries about the debt outlook inside the Euro area are still putting pressure on the single currency which is still under technical selling pressure after inability to break above 1.3775 in the beginning of this week drawing down breaking 1.35 psychological level which triggered stop losing orders adding to the downward momentum which lead the pair to be traded below 1.33 today while the pair real major supporting area is starting from 1.3030 to 1.297 and the failing there can lead to testing the pair recent bottom at 1.26.