Will the Euro continue its bullish trend?

Will the Euro continue its bullish trend?

Aug 27th 2015



The single currency has started its recover after the investors hopes have been diminished as the Federal Reserve stated that the bank needs more time before hiking its interest rates. And the concerns about the slowing economy in China have reinforced expectations that the Fed will delay rinsing the interest rates, and pushing the investors to turn to safe-haven assets. As a result, the Euro recovered significantly against the U.S Dollar. Furthermore, the upbeat German Ifo business confidence index has also supported the bullish trend of the EUR/USD to recover above $1.1330. And today the investors will keep a close eye on the U.S GDP prices index and the Initial Jobless claims data to search for more clues about the strength of the U.S economy.  

MBCFX Forex & CFDs Brokerage Firm