Currency pair analysis for EUR/USD.
Source: http://stockweb.blogspot.com/Posted on Monday, August 18th, 2008 | In Stocks to Watch
Contributed by: Vlada Kynsky (http://stockweb.blogspot.com/) -
FED stopped dramatic rate cuts and possible next change action to be rather rate increase than again decrease. Next week Q2 GDP numbers showed that big EU economies already contracts where US economy is still positive. This makes different picture for currency pair EUR/USD and we could see interesting move in last weeks.
EUR crossed below its long term technical support against USD and further weakens. Adam Hewisons made analysis and has started to short EUR on 29th July at 1.5611. See his full video with currency analysis.
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Tags for this Post:
Adam, Adam Hewisons, European Union, Federal Reserve System, Stocks to Watch, United States
Adam, Adam Hewisons, European Union, Federal Reserve System, Stocks to Watch, United States
 About Vlada Kynsky (http://stockweb.blogspot.com/)
Vlada Kynsky studied economics and gained work experience as SAP analyst in information technology. His origin is in Czech Republic but due to different work assignments lived in many European countries. He explores mainly emerging markets. In his research he focuses on ETF and international stocks. Another area of interest are technology stocks. |
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