News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
EURUSD 2 Year Low Befitting Fundamentals, Now About Risk Trends...

EURUSD 2 Year Low Befitting Fundamentals, Now About Risk Trends...

John Kicklighter, Chief Strategist

The second day of an EU Finance Ministers meeting in Brussels yielded as little as the first day. In essence, the euro is working to earn its two-year low agains the US dollar. Less than two weeks ago, the tense EU Summit supposedly delivered sweeping progress towards stabilizing the Euro-area debt and financial crisis. And as of today, we have see the vows to be nothing more than creative language and hopes without details of implementation. The pain is already visible for the euro, but we are still looking for the weight to fully transfer to more traditional risk sources. What are we waiting for - either the Euro crisis to build in intensity such that it spreads or an outside source of hesitance fall apart (like 2Q US earnings).

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES