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  • EURUSD Weekly Outlook: What’s Driving The Current Trading Range, What Will Break It

    From fxempire.com

    Short Term Technical Outlook: Neutral, as downward momentum clashes with strong support at 1.3500. That level is likely to break, see below for whether it’s likely to happen this week. Medium & Long Term Technical Outlook: Bearish – all momentum indicators on weekly charts suggest more downside in the coming months. First we look at overall risk appetite as portrayed by our sample of global indexes, because the EURUSD usually tracks these fairly well, particularly the leading US and European indexes. The main exception to this rule comes when either the Fed or ECB is expected to make a policy change in the near ... (full story)

When QE ends, EURUSD heading lower, right?
  •  Guest
  • | IP X.XX.199.129
As long as Yellen keeps talking about USD weakness, EURUSD not doing much as both banks seem dovish in short term.
What’s status on Portugal bank woes? Does new EU banking union help it?
Quoting iritru
When QE ends, EURUSD heading lower, right?
not necessarily. Fed has been working diligently to convince markets that rates are to remain low, and has tools to keep them low
Quoting Yali Lev
What’s status on Portugal bank woes? Does new EU banking union help it?
as covered in depth here: http://www.fxempire.com/news/special-feature/eus-coming-srm-deal-10-reasons-its-eur-bearish/ and in articles linked to it, EU has no functioning bank union, certainly nothing that could provide actual assistance to Portugal for years to come. Markets are calm because after years of ad hoc last minute solutions, they expect another last minute emergency aid deal lending printed money if needed to maintain calm. German opposition to EUR debasement no longer seen as serious, as Germany has ultimately yielded whenever a crisis threatened.

Germany even less likely to oppose EUR printing given that inflation is not seen as a near term risk, indeed, deflation the more imminent threat.
Quoting iritru
When QE ends, EURUSD heading lower, right?
Why? Will you hold a trade open for 1 year to get 300 pips?
Everyone can see the chart, but only a few can actually read it.
  •  Guest
  • | IP XX.XX.251.52
Every trader and his dog are shorting ... good luck with that!
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  • Story Stats
  • Posted: Jul 19, 2014 8:50pm
  • Submitted by:
     Cliff Wachtel
    Category: Fundamental Analysis
    Comments: 7  /  Views: 4,359