The United States grew 2.5% in the first quarter of 2013, while the Eurozone fell into recessionary levels. Fundamental and seasonal factors seem to anticipate a decline of the EUR/USD to 1.2750 over the short-term.
SHORT TERM TRADING RESULTS 2012: +15.2% Click Here To Verify
Saturday, 11 May 2013
Friday, 19 April 2013
Last week, gold lost 15% from its recent peak. The mild inflationary picture and a tepid global economic recovery should contract US stock trends and support the US dollar for a few more months.
Sunday, 7 April 2013
Saturday, 30 March 2013
Friday, 22 March 2013
Last week, the Fed kept the monetary policy unchanged, but might reduce quantitative easing 3 (QE3) sometimes this year. In reality, investors are focusing on Cyprus, where another chapter of the euro zone history is unfolding. EURUS is leaning on key support lines. A rebound to 1.31/1.32 is possible short term.
Sunday, 17 March 2013
Friday, 8 March 2013
The Italian rating has again been downgraded; however, Portugal and Ireland are moving out of the woods. The Eurozone stays under pressure in the short-term but the euro is likely to test the high against the dollar by the end of 2013.
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