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What next for the Euro?
The Euro continues to trade stronger against the majors as the period of consolidation we predicted here months ago takes hold. The removal of the immediate uncertainty relating to Greece has seen investor demand for the Euro pick up as the low price is seen as a buying opportunity. With the Euro looking much more stable investors are braced for further improvements down the line as confidence increases.
With the improvements in economic data and some fresh wobbles from the UK and US over when exactly interest rates will be raised this is presenting an excellent opportunity to buy the Euro which may not last since most longer term projections do not favour the Euro. The circumstance that have led to the rates being where they are currently have not been completely removed from the market and further economic uncertainty from a weak economy and Greek drama cannot be ruled out.
If you need to buy or sell euros understanding the market and what may happen is key to achieving the most from the market. Speak to me Jonny on [email protected] to learn more about your situation and what we can do to help.
Source: http://www.eurorateforecast.com/2015/08/18/what-next-for-the-euro-3/
