Why Euro Crisis and Growth Downgrades Don't Drive EURUSD to 1.2800
The opening 24 hours of trading this week were not kind to risk trends in general and the Euro-area in particular. However, neither high sensitivity speculative assets (like the S&P 500 and AUDUSD) nor the benchmark EURUSD made a substantial push lower through Monday. What is the disconnect? Are fundamentals simply not important or perhaps we don't have the right fundamentals? We discuss what is driving the market this week as well as setups for different scenarios in today's video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.