The weighing of substantial political risk in the balance and a bearish chart pattern suggests an eventful week ahead for the EUR/USD pair, although more downside is not a certainty.
Read more … →“Our US economics team expects three hikes in 2019, and the market is priced for about one. We also see the risk of four hikes this year,” - Bank of America Merrill Lynch.
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Markets are expecting a coalition would see increased government spending and another bout of “European integration”, with both being positive for growth, but an SPD rejection would scupper this.
Read more … →Political risks resurface to harry the Euro in the week ahead.
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Eurozone politics will dominate the Euro in the week ahead but the ECB, QE and an eventual rise in European government bond yields will be more important for the Euro-to-Dollar rate in 2018.
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EUR/USD is looking increasingly vulnerable to breaking down despite its long-term uptrend - is this the final bend at the end of the trend?
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After a nine month period of calm seas and stellar gains, politics are returning to haunt the Euro, with risks around the German coalition agreement and the Italian election both being underpriced.
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