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EUR/USD Forecast June 4-8 - Recovering from Italy, wary of trade wars
EUR/USDcontinued suffering from Italian politics once again after a short respite. What's next? The upcoming week features a mix of data PMI, retail sales, and industrial output data. Here is an outlook forthe highlights of this week and an updated technical analysis for EUR/USD. Italy's President rejected the Euroskeptic candidate for Finance Minister, Paolo Savona triggering widespread anger also against the EU. Fears of early elections that would be a de-facto vote on euro-zone membership triggered a quick yet powerful crisis. Italian bond yields soared, the odds of an "Italexit" rose, stocks crashed, and ... (full story)