Online source for the latest forex and trading news. Stay informed with up-to-date market trends, expert analysis, and insightful articles to help you make smart trading decisions

Tuesday, December 12, 2023

EUR/USD: Is the bullish counterattack too soon?

The premium article will be available in00:00:00

If the market doesn't go where investors expect it to, it will move in the opposite direction. EUR/USD grew tired of waiting for a "bear" attack due to the stabilization of U.S. inflation and the hawkish tone from the Federal Reserve (Fed). Strong statistics on German economic sentiment indices from ZEW and rumors of a faster winding down of the European Quantitative Easing (QE) acted as catalysts for the euro's break above $1.08. However, this breakout looks very much like

Fresh articles are available only to premium users

Read analytics in early access, getting information first

Get
Pentru mai multe detalii, va invitam sa vizitati stirea originala.

No comments: