EUR Trading Outlook (16-02-2012)
The Euro (EUR) more rating downgrades from banks to countries in recent days are adding sustained pressure to the EUR/USD which is likely to test 1.3000 in coming sessions. The Greece situation is also continuing to linger with concern that the politicians lack the will power to continuing pushing through tough austerity measures to an already suffering population. Recent GDP data suggests Greece is now in the grips of a severe recession. In US stocks, Weekly Jobless Claims forecast at 365k vs. 358k previously. Also Fed Chairman Ben Bernanke speaks.
Back to EUR Trading Outlook Archive
