Greg Gibbs, analyst at Amplifying Global FX Capital, suggests that there are reasons to be restrained in setting EUR shorts. Key Quotes “Brexit may be moving towards a less disruptive outcome, Chinese policy stimulus may precede improved Chinese, global and European economic data.” “The US may soon reverse some or most of its tariffs on Chinese goods, and trigger a rebound in confidence for European assets. However, if the EUR has moved into a weaker regime over the last year; one where there is no overhang of Euro crisis era EUR hedges, and EUR is viewed as one of the best currencies for funding ‘risk-on’ or ‘carry trades’, then its upside may be limited, and it could retain a broader downtrend for the foreseeable future.” 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 WTI jumps to fresh weekly tops near $57.50, API data eyed FX Street 4 years Greg Gibbs, analyst at Amplifying Global FX Capital, suggests that there are reasons to be restrained in setting EUR shorts. Key Quotes "Brexit may be moving towards a less disruptive outcome, Chinese policy stimulus may precede improved Chinese, global and European economic data." "The US may soon reverse some or most of its tariffs on Chinese goods, and trigger a rebound in confidence for European assets. However, if the EUR has moved into a weaker regime over the last year; one where there is no overhang of Euro crisis era EUR hedges, and EUR is viewed as one… 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.
