Euro loses again

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Euro can’t even win for losing

‘GIF’ beat out ‘Eurogeddon’ and ‘YOLO’ among others as Oxford’s word of the year. I’m surprised ‘Grexit’ wasn’t on the list.

I predict my very own ‘Spainnihilation‘ makes a strong push in 2013. So far Oxford hasn’t picked up on it but they have noted the hapless Spailout, Spanic and the dreadful Itexit.

Author: Adam Button

Adam Button is the managing editor of ForexLiveâ„¢. He was previously the chief currency strategist at XForex and has also worked with Intermarket Strategy. Adam believes there's an edge in knowing every tidbit of news. He was formerly the head of the markets team at the Canadian Economic Press and is a graduate of Ryerson University. Adam lives in Montreal, follow him on Twitter: @FX_Button.

14 Comments

  1. I’ve been throwing around Spailout (Spanish bailout) and austerifail (austerity fail).

  2. some asian accounts selling into 1.2728 earlier today

  3. Spailout isn’t that bad, I guess.

  4. US word was ‘GIF’ but the UK word was ‘omnishambles':
    http://www.theregister.co.uk/2012/11/13/omnishambles_uk_word_of_2012/

  5. So when U.S. stocks are tanking (again) and the Euro is holding steady while the USD/JPY remains under pressure and there is no Euro negative news to report…. well you just invent a Euro negative headline for the hell of it. I mean really.

  6. Go easy ib, just havin’ a little bit of fun. Would you like me to write about a fake rumor that Spain is asking for a bailout so the euro can go up for you?

  7. Didn’t hear that rumour, and quite frankly I don’t see the Spanish bailout (rumoured or otherwise) as Euro positive. I don’t understand why some people in the market see it as a positive…

  8. P.S. Any particular reason for the late sell off in U.S. stocks?

  9. I didn’t come on any news

  10. Neither did I, that’s why I asked. So just negative market dynamics… this could get interesting in a very bad way. :-(

  11. Hey Adam, I’m writing you an email as I post this also, but I’m surprised I’ve never seen or heard ‘Grefault’ or ‘Greefault’. And I can hear the French saying it in my head, “Greefough”. ‘Spainnihilation’ is the best one I’ve heard because it takes it so far, haha, to a new level. It sounds like what Germany would say to Spain in a ‘Mortal Kombat WW III: The EMU Unties Itself’ game, right after a perfect victory or something, lol.

  12. Adam, time to sell off risk currencies?

  13. lol. Thanks Zach. It has the sound ‘Spain’ in it, unlike the others. I need to hire a savvy PR agency to get it out there, Mad Men style.

  14. Sell-off is due to the usual…..Federal budget debate….it`ll be the trading day theme for a while. It overshadowed the rally off the back of retailers….no one seems to want to own anything but the Dollar and treasuries overnight

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