Monday

Forex News EUR / USD this week


This week, EUR is expected to Bullish. 
The things that cause bullish EURUSD is as follows: 
First, despite the huge drop in the EU since the last ECB meeting but the ECB does not make the movement of "easing" the new date. While the Fed and now Japan, both involved in the operation of large-scale stimulus. Differences in the central bank's policy will only provide support for the EUR over the coming week. 
Second, the report disappointing U.S. jobs, which this month only 88000 new jobs generated from the target of 200,000. This reaffirms the Fed doubts about the speed and strength of the U.S. economic recovery and the policies that are now being embraced.

But the rally from EURUSD will encounter selling pressure due to the following matters:
First, according to ECB President Draghi, the recovery so far, which is expected for the second half of the year depending on the risk reduction and data entry will look closely at. At the same time he stressed that the ECB is ready to act if needed.


Second, the risk of inflation is widely regarded as balanced. However, if the incoming data continues to weaken it would be a matter for the risk of inflation to fall. On Friday the ECB Executive Board member Coeure said inflation was falling steadily.
Third, with the expectation of "rate" is at the limit there is little room for EUR to ride with the big anytime soon, especially in an environment of uncertainty regarding the ongoing EU suburb. In this regard, the ongoing political developments in Italy will remain in focus as well.

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