According to Greg Gibbs, Analyst at Amplifying Global FX Capital, the fall in the EUR in the last week probably does reflect a shift in views on the ECB. Key Quotes “Earlier in the year, the EUR was strong because the market was anticipating an end to QE and rate rises next year. Those views are likely to be now wound back.” “Spanish political risk has added to mix giving the EUR another knockdown on Friday. But there is as much reason to see political risk in Italy and Spain cooling from here. The fall in the EUR in the last two weeks may have built in much of this risk.” “I am not that tuned into politics in Italy and Spain that I can speak with confidence on how this may play out. At the moment the market is more highly attuned to news from the region, but reading the tea-leaves is pretty murky. Trading on political risk is always a tough game.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY retraces opening gap, stays calm near 109.30 FX Street 5 years According to Greg Gibbs, Analyst at Amplifying Global FX Capital, the fall in the EUR in the last week probably does reflect a shift in views on the ECB. Key Quotes "Earlier in the year, the EUR was strong because the market was anticipating an end to QE and rate rises next year. Those views are likely to be now wound back." "Spanish political risk has added to mix giving the EUR another knockdown on Friday. But there is as much reason to see political risk in Italy and Spain cooling from here. The fall in the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
