EUR Just Can’t Catch A Break
It seems like the EUR just can't catch a break with reasons to stay short the single currency stacking up over the past couple of weeks. Whether we consider the vaccine roll out, virus cases, lockdown restriction, growth expectations or monetary policy normalization expectations, all aspects point to further weakness for the EUR.
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We interpret and explain price moves in real-time, 24 hours a day. Our team of analysts produce text, video and audio commentary.
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The EUR has been taking a beating from the GBP over the past few weeks, and now more recently from the USD as well, and it seems the reasons for expecting EUR weakness continues to build.
On the virus front, the under-performance of the vaccine roll out as well as rising virus cases is a point of concern. Growth expectations has been downgraded, and as more and more lockdown restrictions come online in the EU the odds of further downgrades are rising.
From a monetary policy point of view, the ECB is far behind in terms of market expectations with the BOC & RBNZ expected to taper asset purchases sometime this year, and the FED and BOE both taking a more sanguine approach to rising bond yields and faster policy normalization expectations.
This week the two focus points for the EUR will be incoming flash PMI data for March, as well as cross asset class considerations such as US10Y and how that will impact the USD.
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Highlights of the video:
00:22 – Current Baseline
04:47 – Baseline expectations for the upcoming week
06:52 – Sentiment Shifts & Trade Plan
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If you find these weekly analysis and trade ideas useful, you’ll love Financial Source. There’s a link below where you can learn more about it
https://financialsource.co
----
We interpret and explain price moves in real-time, 24 hours a day. Our team of analysts produce text, video and audio commentary.
You understand the markets and trade with confidence. Learn more at our website here: https://financialsource.co
-----
The EUR has been taking a beating from the GBP over the past few weeks, and now more recently from the USD as well, and it seems the reasons for expecting EUR weakness continues to build.
On the virus front, the under-performance of the vaccine roll out as well as rising virus cases is a point of concern. Growth expectations has been downgraded, and as more and more lockdown restrictions come online in the EU the odds of further downgrades are rising.
From a monetary policy point of view, the ECB is far behind in terms of market expectations with the BOC & RBNZ expected to taper asset purchases sometime this year, and the FED and BOE both taking a more sanguine approach to rising bond yields and faster policy normalization expectations.
This week the two focus points for the EUR will be incoming flash PMI data for March, as well as cross asset class considerations such as US10Y and how that will impact the USD.
----
Highlights of the video:
00:22 – Current Baseline
04:47 – Baseline expectations for the upcoming week
06:52 – Sentiment Shifts & Trade Plan
----
If you find these weekly analysis and trade ideas useful, you’ll love Financial Source. There’s a link below where you can learn more about it
https://financialsource.co
