DislikedIn case you were wondering why the Euro seems strong with negative interest rates - this is a good explanation. http://www.zerohedge.com/news/2014-0...cluding-draghiIgnored
This helps to explain the Euro. The Euro area is a current account surplus area. The United States is a current-account deficit area. The interest rate differential argues for a weaker Euro. The current account position argues for a stronger Euro. These two forces battle it out in the foreign exchange markets, and the result is less Euro weakness than many had expected.
I like the explanation S. I am part of the hoards that were wrong footed by the euro's strength. It feels a bit better because even Draghi himself didnt expect this strength (the author said) although it was my account that got slammed
Olu
Find a trend and milk it for all it is worth. That's how to be profitable