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EUR/USD Outlook – October 24-28
Euro/dollar lost a lot of ground as serious doubts about European seriousness came to light. Apart from the all-important EU Summit during the weekend and the apparent follow up on Wednesday, we have quite a few important indicators, with PMI numbers in the limelight.Here is an outlook for the market moving events, and an updated technical analysis for EUR/USD. The potential haircut for Greece can reach 60%. Bank recapitalization is between 100 and 200 billion euros, but the big dispute is about the EFSF bailout fund, its uses and its leverage. Germany and France are working on a solution. A happy compromise might ... (full story)
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