Following the Jobless Claims Data I would like to give my thoughts on the next moves in the markets and FX pairs such as EUR/USD.
It is obvious that the virus is still here. New uproars of the virus in US states are threatening to the recovery. However I believe that because we are seeing stabilisation of indicators such as Jobless claims and Retail in America , and a uptick in some indicators in European markets. There will be a sharp recovery in the next few months. Statements and Analyst predictions put too much pressure on the markets. Overall We are improving and because of this I see a much better risk appetite moving forward.
This is not financial Advice. Please do DD and RM.
It is obvious that the virus is still here. New uproars of the virus in US states are threatening to the recovery. However I believe that because we are seeing stabilisation of indicators such as Jobless claims and Retail in America , and a uptick in some indicators in European markets. There will be a sharp recovery in the next few months. Statements and Analyst predictions put too much pressure on the markets. Overall We are improving and because of this I see a much better risk appetite moving forward.
This is not financial Advice. Please do DD and RM.