EUR/USD continues to edge upwards, as market expectation is growing for a powerful ECB intervention to cut borrowing costs in Spain and Italy. Will we see a breakout by the euro? In economic releases, Italian Industrial Production and Preliminary GDP disappointed, as both posted declines. The markets will be keeping a close eye on German Factory Orders, as well as a speech from Fed Chair Bernard Bernanke later today.
Here’s an update about technical lines, fundamental indicators and sentiment regarding EUR/USD.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-august-7-edging-higher-on-expectations-of-ecb-intervention/"]EUR/USD Edging Higher on Expectations of ECB Intervention[/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.