-
5 reasons for the surge of EUR/USD
EUR/USD is on the rise, trading at 1.2540, extending gains. Up to now, EUR/USD has been relatively stable in the global storm, especially the collapse of oil prices and the consequent plunge of the Russian ruble. It seemed to be in a wait and see mode: for ECB action regarding QE and the Fed decision in the nearer future. However, it began moving. Here are 5 reasons for this impressive rally, followed by a chart: Strong ZEW: German business confidence is on the rise. It's not only the second month of rises, but the bounce to 34.9 points means strong optimism in the zone's locomotive. Strong German manufacturing PMI: ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Dec 16, 2014 1:44pm Dec 16, 2014 1:44pm
- traderathome
- Joined Mar 2008 | Status: PVSRA with Traderathome | 1618 Comments
- Comment #2
- Quote
- Dec 16, 2014 2:38pm Dec 16, 2014 2:38pm
- Forexgain
- Joined Oct 2011 | Status: Sleeping..... | 531 Comments
- Comment #3
- Quote
- Dec 16, 2014 4:07pm Dec 16, 2014 4:07pm
- OnlineAddict
- Joined May 2014 | Status: From1toMillion | 3099 Comments | Online Now
Everyone can see the chart, but only a few can actually read it.
- Comment #4
- Quote
- Dec 16, 2014 4:32pm Dec 16, 2014 4:32pm
- ThinkForex_MS
- | Commercial Member | Joined May 2010 | 21 Comments