Fundamental view: Euro fell early last week even as hopes of a corona virus vaccine raised the tantalizing prospect of a global economic recovery and prompted a move by investors out of safe havens like the US Dollar into more risky assets such as stocks. By Thursday, this optimism had already started to fade and that raises [...]
Fundamental view: The Euro has exploded to the upside reaching towards the 1.19 level, last week. There are several resistances at this level like the fact that the US elections are still causing issues, and of course and lockdowns in the European Union. Further compounding this noise is the fact that the European Central Bank is [...]
Fundamental view: The Euro broke down significantly during the week, slicing through the 1.16 level, an area that will cause a certain amount of psychological importance and support. The second wave of coronavirus is taking its toll in the northern hemisphere, with cases in Europe rising exponentially and the US reaching a record of over 85K new contagions [...]
Fundamental view: The Euro has shot straight up in the air again during the week, but as you can see continues to struggle with the previous uptrend line that had been so important. Uncertainty about economic growth within the pandemic context, and the upcoming US presidential election made the pair confusing to choose direction till now. With [...]
