Europe and the United States are far away from optimism
In the week of holidays the market is very dynamic. The key fundamental and geopolitical news comes one after another.
The extended travel bans in Europe due to the new virus strain in the United Kingdom is one of the factors but the end date of Brexit is the other factor to influence the dynamic of the markets.
The new U.S. stimul deal of $900 billion supports the Dollar as the gains against the Euro is at about 100-120 pips. We expect these gains to melt in the next few days till Christmas and EURUSD to trade at 1.2350 and up.
Optimism - Forget about optimism in Europe and the United States as the lockdown will become harder and harder as the economy will almost stop these days. Many businesses and workers will go to retirement due to huge losses in the days when the turnover is always at record levels.
The extended travel bans in Europe due to the new virus strain in the United Kingdom is one of the factors but the end date of Brexit is the other factor to influence the dynamic of the markets.
The new U.S. stimul deal of $900 billion supports the Dollar as the gains against the Euro is at about 100-120 pips. We expect these gains to melt in the next few days till Christmas and EURUSD to trade at 1.2350 and up.
Optimism - Forget about optimism in Europe and the United States as the lockdown will become harder and harder as the economy will almost stop these days. Many businesses and workers will go to retirement due to huge losses in the days when the turnover is always at record levels.
