Euro-dollar parity is still coming. Don’t be fooled by this sudden rebound.
The fundamentals support a fast dive to euro-dollar parity. But the technical traders simply won’t allow it to fall to those levels so quickly.
By Jim Bach, Associate Editor, Money Morning • @JimBach22 -
Euro-dollar parity is still coming. Don’t be fooled by this sudden rebound.
The fundamentals support a fast dive to euro-dollar parity. But the technical traders simply won’t allow it to fall to those levels so quickly.
Here’s why euro-dollar parity will still happen, even if there are some snags on the way down…
By Jim Bach, Associate Editor, Money Morning • @JimBach22 -
Euro-dollar parity is still coming. Don’t be fooled by this sudden rebound.
The fundamentals support a fast dive to euro-dollar parity. But the technical traders simply won’t allow it to fall to those levels so quickly.
Here’s why euro-dollar parity will still happen, even if there are some snags on the way down…
By Garrett Baldwin, Behavioral Trading Specialist, Money Morning -
Pre-market quotes for Monday, March 16, forecasted an 80-point gain from Friday's Dow close when the DJIA Index shed 145 points on Friday because of falling crude oil prices and investor jitters about possible interest rate increases in the near future.
Today, the markets will respond to a light macro data release schedule that focuses just on February industrial production data and the Federal Reserve's report on Treasury International Capital (TIC). A light schedule is compounded by investors' anxiety over the start of this week's FOMC meeting.
By Jim Bach, Associate Editor, Money Morning • @JimBach22 -
The march to euro-dollar parity continued today (Wednesday) as the currency slipped below $1.06 for the first time since 2003.
In January, our 2015 euro forecast saw euro-dollar parity happening sometime in the first half of 2016.
It's fallen 12.6% in 2015. And it's still got a ways to go...