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  • EURUSD's Path Ahead Strong Bullish Momentum in Sight

    From acy.com

    As we step into August, the US dollar is feeling the heat, especially after the euro's recent surge, spurred by the European Central Bank's (ECB) latest moves. In July, the ECB kept its key policy rate steady at 3.75%, following a slight cut in June, the first after a significant series of hikes. On top of that, the ECB is shrinking its balance sheet, with plans to reduce its assets by a hefty EUR 380 billion by year-end. Eurozone Impact The euro’s rally in early July caught many by surprise, thanks largely to a shift in political winds in France. The parliamentary elections saw the far-right party fall short, ... (full story)

not before a drop lower...
"...thanks largely to a shift in political winds in France. The parliamentary elections saw the far-right party fall short, bringing some much-needed political calm..... The euro’s gains, partly due to political stability in France..."

The guy who wrote that is supposed to be an expert!!!!!!!
What is called the "far right" in France would be considered left in the US when you look at their economic program. With 2/3 of the votes the so-called "far-right" got, the far-left coalition got a majority in the house (great democracy). The prime minister should come out of their ranks to implement a soviet-style program. And this "analyst" sees some "much-needed political calm"?! I think there's a fair chance France is in rather in the eye of the storm (thanks to the Olympics).
Quoting Nobody-yet
"...thanks largely to a shift in political winds in France. The parliamentary elections saw the far-right party fall short, bringing some much-needed political calm..... The euro’s gains, partly due to political stability in France..." The guy who wrote that is supposed to be an expert!!!!!!! What is called the "far right" in France would be considered left in the US when you look at their economic program. With 2/3 of the votes the so-called "far-right" got, the far-left coalition got a majority in the house...
Here's your market expert. Another kid barely out of diapers who hasn't even lived through a recession yet.
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Pride always comes before destruction.... -Proverbs 16:18
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  • Posted: Aug 12, 2024 3:03am
  • Submitted by:
     ACYGlobal
    Category: Forex Industry News
    Comments: 3  /  Views: 7,519

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