Is Risk Aversion Failing To Support The EUR Anymore? - SocGen

Risk aversion is failing to support the Euro. It’s trading less like the yen amid the concerns about immigration and ‘Brexit’. That gives the ECB a greater chance of driving it lower if they deliver easier policy on Thursday.

I’ve not given up hope of a test or even a break of EUR/USD 1.08, even though it will take Brexit to get EUR/USD to parity this year.

The negativity surrounding the Brexit debate challenges that surrounding the US Republican nomination. BOE Governor Carney tried really hard not to take sides but simply suggesting that Brexit is a risk to financial stability upset some of the ‘Out’ side.

‘Brexit’ may make many people happy, but it is also likely to make them poorer. To point that out isn’t to take sides, any more than suggesting that GBP/USD will trade below 1.30 as a result of the UK leaving the EU.

PS: Copy signals, Trade and Earn on Forex4you - https://www.share4you.com/en/?affid=0fd9105