Euro/dollar fell around 170 pips to lower ground within the narrowing channel in a turbulent week. Elections in Greece and France over the weekend will set the tone for the whole week, which also features other events. Will the pair stay in the range? Or will events force a breakout? Here is an outlook for the upcoming events and an updated technical analysis for EUR/USD.
The recession is in the euro-zone seems quite deep according to recent PMI figures. Even Germany saw a rise in unemployment. Nevertheless, Mario Draghi is still optimistic and sees the economies recovering in the second half of 2012. Is the bottom really close? Or can we expect another round in the crisis very soon? In the US, NFP showed a gain of 115K, weaker than expected. Yet the drop in the unemployment rate to 8.1% and the upwards revisions of the previous month certainly improve the picture.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-outlook-may-7-11/"]EUR/USD Outlook May 7-11[/URL][/I][/B]
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
English
Español
Français
中文
Deutsch
Italiano
العربية
Sverige
Ελληνικά
Go to Profile
Mark as Read
