Hello traders , as you can see I deeply explain the way I see the markets. Make sure to see the entire video because I'm sharing a potential trade idea for the next hours. Let me know if you are more bullish or bearish .
I've got many fundamental reasons to continue shorting :EUR
Europe continues struggling to immunize its citizens Eurozone bank lending doesn’t point towards an investment recovery yet The gap between German and US bond yields widens Vaccination problems in Europe to weigh on the euro ECB's lack of commitment to longer-term support means fewer funds for the economy The eurozone lags behind the US on three important metrics Political risk in Europe is starting to percolate New quarantine restrictions in Germany muddy the outlook for the recovery Europe to face the same levels of the new covid strain as the UK Rising fragilities among firms, households and sovereigns amid higher debt burdens Germany struggles with the virus The latest lockdown measures have dented the summer optimism ECB to try to break the vicious deflation spiral
Also good reasons to BE LONG in GBP:
British economic data continue to improve Bank of England see hopeful signs ahead for the UK The UK’s amazing vaccination prowess strengthen the pound Vaccine optimism and shelving of negative rates to drive sterling higher BoE has left its rates unchanged, yet all but closed the door on negative rates BoE's acknowledgment of vaccines helps the pound BoE’s Bailey remains sceptical on negative rates AstraZeneca vaccine approval helps improve outlook for 2021 recovery Business optimism for the 12-month outlook remains upbeat Bailey ready to buy bonds