No matter how much pain the European economy is experiencing and how much global risk appetite is deteriorating, the approaching start of the Fed’s monetary expansion is limiting the EURUSD’s decline. Let’s discuss this topic and make a trading plan.
Highlights and key points
The Bank of Japan’s decision did not dampen global risk appetite.
The 0.3% GDP growth in the eurozone is not cause for celebration.
The fall in the EURUSD pair is slowed down by the Fed’s plans to cut rates.
The euro risks returning to the range of 1.083-1.09.
Weekly US dollar fundamental forecast
The overnight rate… Read full author’s opinion and review in blog of #LiteFinance
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