Will US economy fail? EUR/USD 14/8/14

FX:EURUSD   Euro Fx/U.S. Dollar
Lets look forward for the producer price index. In my opinion the price is oversold and we need a correction.
on the other han look at the numbers from the EU, especialy germany, and dont forget Draghi !
Reply gxan2710
The EU economy failed a bit you are right. But the problem is that the market overreacted to these economic conditions of the EU. The Eur got into a selling rally and got oversold. It is more worth then what the market currently shows.
ok lets see..Greece near default, ES,POR,IT on the bring to do the same, and the inflation is just under 1% ( 0,4% i saw 2day) after summer only those countries who are not deppend on turrism have a chanche to gain but Russia put a stop on that ..i see a downtrent until EURUSD is about 1.25 +-
Reply gxan2710
These conditions were the same in the time of the overrated EUR until Draghi canceled it before June. The price stabilized around 1.35-1.36 like in the beginning of this year but the Russia Ukraine crisis pressed the market lower until this key level at 1.33. If nothing happens on the geopolitical level we will propably see a mid term correction towards previous level at 1.35 and this is just my opinion :)
i respect that! hoping you are right and i am wrong, but you can bent it as much as you like this whole party here is based on psychology ! and dont forge,t Draghi is a puppet to GER,FR....but he also is Italian! ;) ..he finds a way !
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