Fundamental view: The EUR/USD pair kick-started 2021 reaching a fresh multi-year high, as optimism continued to undermine the greenback. The dollar got to recover some ground ahead of the weekly close, but retains its intrinsic long-term weakness, as it latest advance seems a mere correction. Coronavirus immunization through different approved vaccines has seen a bumpy [...]
Fundamental view: EUR seemed to be stronger than the greenback in the past week. The greenback retains the doubtful honor of being the weakest currency across the FX board, undermined by mounting virus concerns, but also but resurgent demand for the pound after the UK Parliament backed the post-Brexit deal. The EU hasn’t published macroeconomic [...]
Fundamental view: The Euro went back and forth during the course of the week, as it looks like it is a bit overextended. Furthermore, the United States is very possibly going to have an even bigger stimulus package than previously agreed upon, so that could also lift the Euro. Europe Consumer Confidence on 21st Dec and Europe [...]
Fundamental view: The Euro rallied during the week. The greenback was pressured by an optimistic mood related to Brexit talks and a US coronavirus relief package. The week went by and both issues remain unsolved, although investors are still waiting for positive news in the next couple of days. In the past week, US Capacity Utilization Rate [...]
