To quote the Saxo Bank’s 2011 yearly outlook report ‘it is clear that the Euro is headed for a very critical test for its survival’. The European banking system has been put to the test in 2010, with fears of the sovereign debt crisis spreading beyond Greece and Ireland. So what lies ahead in 2011 for the Eurozone as it enters the year where it is in for the fight of its life.
With us today we have Saxo Bank FX consultant and writer for tradingfloor.com John J Hardy.