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Strategy Video: Euro Has Plenty More Issues than Just Portugal

Strategy Video: Euro Has Plenty More Issues than Just Portugal

2014-07-10 23:55:00
John Kicklighter, Chief Strategist
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Talking Points:

• The Euro and global capital markets slipped Thursday on news of a troubled Portuguese bank

• There are a number of potential catalysts for the currency, and bearish scenarios carry far more weight

• We look at the monetary policy, sovereign and financial risks the Euro faces going forward

See volume behind the majors during the NFPs and ECB rate decision to gauge your trading approach using the free FXCM Real Volume and Transactions indicators.

The Euro dropped against all of its major counterparts this past session. Yet, this move pales in comparison to the underlying troubles that threaten to rekindle selling pressure thought curbed two years ago. There are three main fundamental avenues of the concern that are necessary for the currency's and economy's stability - and unfortunately, all three carry far greater impact should they deteriorate. We have already seen monetary policy weigh on the currency, but a second wave is ahead. Portugal and Greece headlines have reminded of us lingering sovereign health issues. And, the most destructive and responsive consideration is a change in financial strength. There are issues brewing with all three, yet they are not fully realized and certainly not priced in. We discuss these three factors and their trade potential in today's Trading Video.

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