Hello Traders,
How are you guys doing?
EURUSD did reverse from 1.14 area, Why it did rise from the first place?
It did because the USD has been weakened because FEDS Rate Cut and Stock buying which is part of their QE, USD is negativity correlated to STOCKS.
So, having Massive rate cut, and huge QE money printing >>> Weakened the Dollar and gave investor hope to BUY more risky currencies like AUD, NZD and CAD. We saw that rally in AUD, NZD and CAD last three weeks
What is next? AS tension grows between some countries, STOCK is falling and USD is seeked again as a safe haven, EUR has 0.58 wieigh in USD index, so the rise of the dollar will mean a fall in the EURUSD automatic.
Taking Negative Rates of the table by the FEDS, and discussing it in EU or UK, will weaken both EUR and GBP against the Greenback.
As Stock is pointed to down side for Next week, EURUSD is falling, high potential EURUSD will continue to fall
In Long Term, EURUSD should fall to 1.07 again
If u like the idea, kindly like it and share it, if u like to see more, FOLLOW PLEASE. thanks :))
How are you guys doing?
EURUSD did reverse from 1.14 area, Why it did rise from the first place?
It did because the USD has been weakened because FEDS Rate Cut and Stock buying which is part of their QE, USD is negativity correlated to STOCKS.
So, having Massive rate cut, and huge QE money printing >>> Weakened the Dollar and gave investor hope to BUY more risky currencies like AUD, NZD and CAD. We saw that rally in AUD, NZD and CAD last three weeks
What is next? AS tension grows between some countries, STOCK is falling and USD is seeked again as a safe haven, EUR has 0.58 wieigh in USD index, so the rise of the dollar will mean a fall in the EURUSD automatic.
Taking Negative Rates of the table by the FEDS, and discussing it in EU or UK, will weaken both EUR and GBP against the Greenback.
As Stock is pointed to down side for Next week, EURUSD is falling, high potential EURUSD will continue to fall
In Long Term, EURUSD should fall to 1.07 again
If u like the idea, kindly like it and share it, if u like to see more, FOLLOW PLEASE. thanks :))
