The Euro
weakens for today versus the Dollar and it seems like it wants to retake its
longer-term bearish trend, due to the fact that the markets are focusing again
on the divergence between the monetary policies of the Federal Reserve of the
United States and the European Central Bank. While the European stocks rise due
to a possible agreement between Greece and its creditors, the Euro weakens as
it is being used to finance the purchase of higher yielding currencies in a
move known as the Carry Trade.
Exciting days ahead!
ReplyDeleteVery interesting post, thank you!
ReplyDeleteVery helpful article.
ReplyDeleteAwaiting to see back the bearish trend!
ReplyDeleteInteresting to read, thank you!
ReplyDeleteNicely spotted, thank you.
ReplyDeleteGreece, Greece, Greece still focus of the market.
ReplyDeleteGood and clear post!
ReplyDeleteVery useful analysis.
ReplyDelete