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The euro still has a long way to fall
Interest rates in the world’s two largest economies are set to move in different directions now that the European Central Bank has confirmed deflation fears in Europe and U.S. quantitative easing looks likely to wind down in coming months. The result seems likely to be a weaker euro, which I have been predicting for months would be the outcome of a relatively strong U.S. recovery next year and a still very sluggish European climb out of a two-year recession. On this reading, and assuming that the retreat from the Federal Reserve’s asset purchases does start as early as next month following stronger than expected ... (full story)
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- Nov 11, 2013 12:23pm Nov 11, 2013 12:23pm
- acetrader
- Joined Feb 2006 | Status: Member | 91 Comments
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- Nov 11, 2013 12:47pm Nov 11, 2013 12:47pm
- Spreadbetter
- | Membership Revoked | Joined Feb 2012 | 3235 Comments
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
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- FxPositive
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