EUR/USD started to show rally after New Year on the global forex market. November brought the EURUSD parity to over the 1.03 level on December 20, with the US elections showing a weak outlook before the dollar rally. After the Federal Reserve's (FED) meeting in December, the US dollar could drop its bullish correction. We know the economic risks for the European Region for 2017 years. The election year can also be the UK turnout period. However, despite all the negativities, growth and interest rates, it is wrong to expect the same direction in the markets. The trading volume in the second half of December could be a good time for such a correction. After a short downturn, we are expecting a downward reaction to the EUR/USD parity. This reaction can also spread in January.
- Date: 02 January 2017 Mon 08:37
Comment Send
Similar Threads:
-
Global markets focus on safe harbors nowadays
-
American Dollar is losing value After Trump's Speech
-
Chinese Yuan Experienced a Record Loss in the last six years
-
Australian economy protects its monetary policy
-
Weekly unemployment pay applications increased in the USA
-
Gold market is trying to exceed 1250 USD level
-
The Consumer Confidence Index has risen in the USA
-
Gold market is protecting its earnings at the end of week
-
BoJ announced domestic producer prices in Japan
-
Gold market is continuing its positive trend with Brexit concerns
- Popular
- Last Added
-
French Presidential elections are affecting the positive atmosphere on Euro
French Presidential elections are affecting the positive atmosphere on Euro... -
Inflation rate is testing record levels in Turkey
Inflation rate is testing record levels in Turkey... -
Non-farm payrolls data of the USA increased
Non-farm payrolls data of the USA increased... -
Fed's politics interest decision gives direction to the global markets
Fed's politics interest decision gives direction to the global markets... -
Oil market is trying to find a direction
Oil market is trying to find a direction at the last times....