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EUR/USD Outlook August 6-10 2012
Euro/dollar fell to critical support but made a huge comeback. While Draghi disappointed markets with no immediate action, he opened the door to full QE and is now waiting for Spain to walk through. Spain took a big step. Is this a significant positive change in the debt crisis? Many problems still remain. The upcoming features Italian GDP and important German figures. Here is an outlook for the upcoming events and an updated technical analysis for EUR/USD. Contrary to previous performances, Draghi was not at his best and the absence of bond buying from the only factor able to act was disappointing. Nevertheless, the ... (full story)
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Ride the tide, baby!
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