EURUSD News is full of surprises , the EURO Bulls will buy EURUSD on anything even if the reality says a different thing. Well whats the reality ?
REALITY:
- EU Economy is slowing down as per recent data (last 3 to 6 months ) while US is powering on all cyclinders
- EU CPI is weak compared to US
- EU QE is not ending until 31 October 2019 when Mario Draghi leaves office
- US Tariffs on EU exports to US or "Trade War with EU" -- EU is bound to be hurt the most
- Italian mess ( "The debt and bond dance" --- Hey everyone is invited to the party but no one want to show up at this party except the ECB )
- ECB is not willing to raise any Interest rates.
- For the time being US budget deficit is a long-term issue so long as the US Economy is doing well
- USD currency (DXY) is getting a little stronger and emerging markets are starting to feel the pain, which means money outflows from emerging markets to USD . For time being USD will get stronger (3 to 6 months ) before the USD Risks start to hit the roof again.
What is my trade:
Order : SELL
Entry Price : 1.1666 -- 1.1695
Exit Price 1: 1.1600 -- 1.1620
Exit Price 2: 1.1560 -- 1.1580
Exit Price 3: Anywhere below 1.1520
Good hunting !!!!!
REALITY:
- EU Economy is slowing down as per recent data (last 3 to 6 months ) while US is powering on all cyclinders
- EU CPI is weak compared to US
- EU QE is not ending until 31 October 2019 when Mario Draghi leaves office
- US Tariffs on EU exports to US or "Trade War with EU" -- EU is bound to be hurt the most
- Italian mess ( "The debt and bond dance" --- Hey everyone is invited to the party but no one want to show up at this party except the ECB )
- ECB is not willing to raise any Interest rates.
- For the time being US budget deficit is a long-term issue so long as the US Economy is doing well
- USD currency (DXY) is getting a little stronger and emerging markets are starting to feel the pain, which means money outflows from emerging markets to USD . For time being USD will get stronger (3 to 6 months ) before the USD Risks start to hit the roof again.
What is my trade:
Order : SELL
Entry Price : 1.1666 -- 1.1695
Exit Price 1: 1.1600 -- 1.1620
Exit Price 2: 1.1560 -- 1.1580
Exit Price 3: Anywhere below 1.1520
Good hunting !!!!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.