After starting the week poorly, EUR/USD recovered yesterday (June 19th), gaining close to one cent. The markets are hoping that the Fed will announce some monetary easing measures today. There is plenty of news in the Euro-zone as well. In Greece, a coalition talks to form a new government are underway. Spain continues to dominate headlines, with bond yields at dangerous levels,raising fears that the announced bailout might already be too small. It seems that without central bank intervention, more falls are on the cards. There was further bad economic news out of Germany, as PPI was weak. The Federal reserve will announce its benchmark interest rate and issue a Rate Statement. As well, there will be a press conference with Fed chief Bernanke.
Here’s an update on technicals, fundamentals and what’s going on in the markets.
Read the rest of the article [I][URL="http://www.forexcrunch.com/eurusd-june-20-markets-hopeful-for-further-qe-from-fed/"]EUR/USD - Markets Hopeful for Further QE from Fed[/URL][/I]
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.