After some weakness in US labor market, futures are pricing in more agressive rate cuts this year. If inflation countinues to remain stable or decline and labor market as well, i think there is a case for euro long.
Hello!
I see SP500 has formed some bottom on 12H timeframe and closed beyond previous 12H High Point. Bulls are gaining more strength in this market, that has seen 3 weeks of countinious decline. It looks just about to swing higher.
Taking into consideration that previous weeks NFP data came out much stronger then forecast, about 330k new payrolls added to the...
Euro bulls, opportunity for a euro long has arisen!
Recently euro is being battered by its counterpart dollar for several reasons:
- Regional interest rate differentials, hawkish fed and dovish ecb
- Macroeconomical disparity between the to regions
- Worsening growth outlook for euro bulls
- Technical downtrend for many, many weeks
This counter-trend trade is a...
