In the short term, the euro may update its May high

June 4, 2015

Buy on a level breakthrough of 1.1290 with 1.1466 target. Stop loss = 1.1240.

Reason for the trading strategy

The meeting between Jean-Claude Juncker, the Head of the European Commission, and Alexis Tsipras, the Prime Minister of Greece, dedicated to the settlement of the Greek public debt ended in Brussels. According to A.Tsipras, an agreement (in Greek terms) will be reached soon. The euro wins back the news, testing a new high. Yesterday's increase in the ECB's 2015 inflation forecast from 0 to 0.3% per annum spurred a yield on German 10-year bonds from 0.7% to 0.9%, providing additional support for the euro.

Publication source
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December 2, 2016
It's not the jobs numbers
It’s not bee the economy that has been driving the dollar over the past 3 weeks, of that we can be pretty sure. Rather, it’s been expectations of tax cuts and spending increases, together with incentives for dollar repatriation under the new President...
December 2, 2016
OPEC alliance stuck a global agreement
The Oil prices jumped on Wednesday after the organisation members agreed to pare production first time since 2008, to reduce global oversupply, which made the prices collapse by half since mid-2014...
December 2, 2016
Rebound continues in UK construction
The latest data on the UK construction sector was released this morning, and will likely be seen as positive overall as the recovery from the Brexit shock appears to be persisting. Despite this the FTSE 100 is under pressure this morning...

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