$EURUSD Forecast: Continues to Struggle in General as it Gives Up Early Gains EURUSD Forex
pays close attention to. As everybody is wondering whether they are going to loosen monetary policy or continue to tighten it, it makes a lot of sense that the indicator could really cause a lot of chaos in the market.
Furthermore, Jerome Powell is speaking in front of the Brookings Institute, and of course, we have the jobs number coming out on Friday. In other words, there is a whole slew of data that could come into the picture and cause quite a bit of volatility.That being said, when you look at the chart you can clearly see that there is a bit of hesitation to go higher.
If that is going to continue to be the case, I still like the idea of fading rallies because quite frankly the European Union has a lot of issues that the Americans simply do not have to deal with.Yes, ConocoPhillips just signed a deal with Qatar Energy natural gas down the road, but that’s a couple years away. We still have to worry about getting through this winter, and rationing natural gas may very well cripple the economy.
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