Shorting the euro remains a great opportunity as European downturn worsens

I think its going to hit 1750-75, before down trend continues. But I could be wrong.

Euro has defied gravity and now Macron says he doesnt need US security and wants EU to go it alone .. Toys out of the pram but this will cost them big time with more money spent on defense.

Italy says it wont pay EU because of migrant stand off .

The EU is a basket case.

There appears to be some "artificial" support and I wouldnt be surprised if it was concerted CB's holding back a crisis .. sooner or later the market wins like it did with the SNB ..

Still, the defence spending will provide jobs that would have gone to the US. And if Macron can engage the Germans, the trade war with the US will hot up a bit and provide more trading opportunities for us.

The idological politicization of almost every news item, by specific agenda driven commentators, at the expense of dispassionate economic fx focused analysis is an unfortunate theme of these forums, and is both a distraction for traders and readers and has become an almost comic if somewhat irritating feature. An interesting economic analysis on medium outlook for Euro, becomes an opportunity to introduce irrelevant geopolitical defense issues. And an opportunity to sloganise euro-phobia, and divert reader attention from market focused issues.
As predictable, as it is unhelpful, and distractive, to most readers trading day.
Sad

Interesting comment but France, Italy and Germany have reduced their spend from some years so now only few things remain in the US portfolio (eg. F35). I think EU could have a more powerful defence but only at EU level.
We absolutely need to avoid a single state escalation.
The history must train us on that.

Since when did the human race learn from history?

It's the time to do it.