The following are the outlooks and strategies for the FX market this week as provided by Aurelija Augulyte, a senior analyst at Nordea Markets: With ECB rather relaxed about EUR, the US payrolls so-so, the only hope for USD now is if bad news from China escalate... “The euro is an island of stability.” – thank you, Mr Draghi, for the EURUSD move, hitting the first tactical target (1.3840). Took profit on half, keep the rest for a run to 1.42. Fact of the week from ECB: “each 10% PERMANENT effective exchange rate appreciation lowers inflation by around 40 to 50 basis points.” Nothing is permanent. EUR is just erasing ... (full story)