FX:EURUSD   Euro / U.S. Dollar
355 2 13
Early in March 2015, I predicted an uptrend of the Euro             against the US Dollar             , on the basis that the Dollar had risen too high. I sketched a rebound of EUR/USD             potentially symmetrical to its previous downtrend (blue triangle). I offered the opinion that the Greek crisis would not prevent the rise of EUR/USD             , because it was not about the Euro             , but about the Dollar. Then came better news of the American economy and talk of an imminent end to ZIRP, possibly as early as Sep 2015. Rising American interest rate, while Euro             clings to ZIRP would kill the EUR/USD             rebound. All eyes were on Janet Yellen yesterday, with the expectation that interest rate rise would be indicated from September. Instead, she indicated a continuance of Zero interest rate for the present. As a result, EUR/USD             spiked. However, in Europe the Financial Ministers meet today again with no end in sight to the Greek crisis. Today should see a reversal of yesterday's spike, even if temporary.
Excellent review and analysis.
+1 Reply
I am flattered.
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out