Trading Video: EURUSD Outlook Remains Bearish But It Needs a Stronger Push
• The Euro is facing weaker growth, an increase to ECB stimulus and capital outflow
• Yet to revive EURUSD's bear trend, events need to push the monetary policy or risk themes further
• As we await a dam to break for deeper fundamental currents, the Pound and Ruble face immediate volatility
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The fundamental lines for EURUSD mark a distinct bearish outlook for the pair. So then why isn't the pair exhibiting the same level of momentum that we have seen in the more dramatic fits of its retreat from 1.40000 these past five months? Even though the relative views on monetary policy and risk trends draw distinct views for this benchmark pair, the market has adjusted for these probable future issues. We either need updates to realize those scenarios or make the outlook for disparity that much more pronounced. For EURUSD, we've had a few updates this past session and there are a few noteworthy event risks over the next future. But, it we want to look at something more pressing or currently active, we need to look at the likes of the British Pound or Russian Ruble. We look at high-level trends and current volatility in today's Trading Video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.