Germany slows down, the Brexit uncertainty continues, new problems with Italy… Now markets think twice about ECB’s normalisation policy in 2019. Fourth quarter GDP numbers are due for release next week and given the central bank’s concerns and the contraction in German retail sales, the risk is to the downside for the report.
Despite the FED, U-Turn in 6 weeks on the US side, questioning its credibility, the Dollar is still attractive due to its high real interest rate compared to the Euro.
Huge SHS Pattern is emerging...
It's just a matter of time... Wait for the breakout of 1.12980.
Trading without technicals is like driving a car without the brake. Trading without fundamentals is like driving a car in the dark with no headlights. Trading with emotions and without a plan is "committing suicide"...
Greta views thanks for the Analysis. And also still big problems in France and i know thats far away but there is the Macroon gap also IMO.
chartreader_pro
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@ImiD1981, Yep..Agree..Thanks for your contribution.
Domsax48
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@ImiD1981, Indeed, the eurozone is going to face some serious issues and questions in the upcoming year. I personally view the dollar as more stable than the euro on the long term.
maxw3st
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Great qoute "…trading with emotions & without a plan is committing suicide."