Jump to content
  • 0


Ali Farhad


1 answer to this question

Recommended Posts

  • 0

We have seen the pair pull back somewhat since the massive rise up recently. And I do think the market needs to pull back a little.

However, the euro is now seen as a funding currency and being used as a risk off trade. I.e. when there is risk in the market then the euro will rise. Much like the Japanese yen. 

And because of this I believe that although we will see a pull back, we will see a continued move higher in the long term. One of the reasons why is because I see a sustained risk in the markets from the virus and I am questioning the feds decision to cut rates by 50bps which suggests a bigger risk to markets than just the virus.

So long term I see a move higher but short term we may see a pull back.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. To reply to this question, sign in or create a new account.

Reply to this question

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Create New...