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]
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