On the crisis that the world is facing, apart from total shock, we can not bet on any short-term solution, which itself could venture timidly is that the end of it (ie low bags) would soon happen and many analysts think there is room for a drop of 10% ... still is, a black week more to start taking some upward trend ... but we repeat that it is a timid assessment.
Fundamental Analysis
A new low came in the forex market EUR / USD. Due to the low rate of European Central Bank (although the rate has also declined in the United States). However, the spaces to reduce the rate is much larger in the euro area, therefore the market bet on further declines in the euro area.
now betting on the Euro is that it should reach $ 1.25.
In summary, we believe that markets are a very unstable and it is advisable to stay away for now. And as always, maintain our vision of a stronger dollar against the Euro.
0 comments:
Post a Comment