Euro will continue to decrease
EURUSD hit the local maximum recently and is quite “expensive” not to disturb Euro Zone economic recovery. Announcement by French Government saying that high Euro does no good for French economy just prove it.
In case American ADP non-farm data will be better than expected …
It makes sense to sell EUR on the up-trend
It looks like EUR will remain under pressure despite the fact that Mario Draghi is expected not to continue further monetary policy mitigation. We believe that on the next meeting which will take place this Thursday ECB president can announce his …
Geopolitical issues boost USD
Unexpected decision by Russia to support their compatriots on Ukraine led to the increase of tension in Europe and world in general. Due to this fact investors are less interested in risky deals. Russian rubble hit new minimums against EUR and USD and stock market simply …
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