Strength in the EUR may have been the flipside of some USD weakness, but it was harder to fathom with further spread widening in Italian bond yields over Bunds, according to Greg Gibbs, Analyst at Amplifying Global FX Capital. Key Quotes “Political risk in Italy increased after a strong performance by right-winged anti-immigration, Eurosceptic parties in municipal elections.” “The German IFO business climate indicator fell a bit further in June, continuing to suggest that the European economy has lost momentum this year. Furthermore, Germany’s political stability continues to be unsettled by a disagreement over immigration policy.” “Tougher US trade policy, including threats by the US administration to impose higher broad-ranging tariffs on European cars, can hardly help bolster confidence for the Eurozone.” “As such, it is difficult to see sustained gains in the EUR.” 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 EOS price analysis: EOS/USD bullish above $8.00, but upside limited by the 100 SMA; EOS part in the Japan Blockchain Conference 2018 Tokyo FX Street 3 years Strength in the EUR may have been the flipside of some USD weakness, but it was harder to fathom with further spread widening in Italian bond yields over Bunds, according to Greg Gibbs, Analyst at Amplifying Global FX Capital. Key Quotes "Political risk in Italy increased after a strong performance by right-winged anti-immigration, Eurosceptic parties in municipal elections." "The German IFO business climate indicator fell a bit further in June, continuing to suggest that the European economy has lost momentum this year. Furthermore, Germany's political stability continues to be unsettled by a disagreement over immigration policy." "Tougher US trade… Top 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.
