Anyone shed any light on the drop in the Euro?
Dislikedexactly. it's not news driven. it's value of eur vs usd.
gbp and eur and aud and nzd are all over valued against the usd. we'll see a correction sometime soon to more reasonable values. if we don't we would see a world upset in the currency markets. that is impossible or as close to impossible as destroying all currencies in the world.Ignored
DislikedNorth train is loading now
It is all the interst rate stuff
The big boys will let us "dumb money" drive it down
so they can make a killing putting it on the right tracks!!
This is a fake out... usd interst rates going down
& euro & cable going up.....
HUUUhUU what should happen...?
Dislikedim definitley with TEB on this oneIgnored
DislikedThis is good in theory, however, explain why the USD then has gone down throughout nearly its entire run of interest hikes. From 1.5% or so if I am not mistaken several years ago until now?
Interest rates don't help currency rates, unless there are other factors involved. Look at India and Turkey for exampleIgnored
DislikedI think we have one more day of retracement before resuming the trend. Looking at the daily and weekly charts there is support at 1.3370-80 which is also a 50 fib on the daily and a 38 fib on the weekly.
Dislikedfrom daily Chart EUR/GBP , it seem a three shoulder top has formlised. so it is technical adjustment?!
DO i have to upload a chart to somewhere esle, to get that shown in here?Ignored