07 08 2018
The Eurocurrency is almost doomed to traffic below 1.15. To contribute to this, as before, will be weak macroeconomic data, the contrast of monetary policies of the ECB and the Fed, as well as the uncertainty in the trade relations between the EU and the US. Published yesterday data on industrial orders in Germany were even more disappointing for traders than the weak report on retail sales, released on Friday.
The Eurocurrency is almost doomed to traffic below 1.15. To contribute to this, as before, will be weak macroeconomic data, the contrast of monetary policies of the ECB and the Fed, as well as the uncertainty in the trade relations between the EU and the US. Published yesterday data on industrial orders in Germany were even more disappointing for traders than the weak report on retail sales, released on Friday.
