Euro bulls targeting 1.20 – EUR/USD Market Outlook – 26/11/2020
The Euro extends gains above 1.19 after weaker than expected US macro data [...]
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Expert's opinion from FXFinPro
European markets have changed the trend
European stock indexes show a negative trend against the publication of weak statistics on industrial orders in Germany, which fell by 1.2% in February. The main reason for the decline was the worsening of investor sentiment due to falling oil prices and the decline in stock indexes in Asia and the US. Growth on the region's markets was also hampered by concerns about the UK’s exit from the European Union. We are waiting for tomorrow's publication of the previous Fed meeting minutes that can greatly affect the course of trading. We also should monitor the situation on the commodity markets. Growth in the European market is likely to resume in the medium term, but in the near future, the more likely is the continuation of a negative price dynamics.
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Tuesday, 05 Apr, 2016 / 1:05
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