EUR/USD is struggling around the fresh two year lows it plunged to on Friday. After Draghi cut the rates and acknowledged economic weakness, the release of the US Non-Farm Paryolls set a new wave of falls. Draghi will have another chance to impact the euro in an official testimony, as euro-zone finance ministers meet and will try to make progress on the EU Summit decisions. Their chances aren’t too high, as bickering continues. Funding costs continue rising.
Here’s an update on technicals, fundamentals and what’s going on in the markets.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-july-9-unable-to-recover-after-downfall-before-eurogroup/"]EUR/USD Unable to Recover after Downfall, Before Eurogroup[/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
