UK +44 (0) 20 7164 6732 FX@WhyLose.com

Rising Euro-Zone, US Political Risks Driving EUR/USD in Short-term

Lion Asset Management Forex Outlook Rising Euro-Zone, US Political Risks Driving EUR/USD in Short-term

Forex Outlook

Rising Euro-Zone, US Political Risks Driving EUR/USD in Short-term

Posted By Christopher Vecchio

In the event that political risks in the Euro-Zone continue to build up, there is ample room for market participants to drive down the single currency in the short-term. Among futures traders, non-commercials are only holding 119.2K net-short short contracts through the week ended November 15, 2016. Relative to the all-time extreme set at the end of March 2015, when there were 226.6K net-short contracts held, bearishness towards the Euro isn’t that significant at present time.

Trade Commission Free At Digitex Futures on Bitcoin, Ethereum and Litecoin against the US dollar. Traders submit buy and sell orders instantly with a single click on an intuitive ladder trading interface that displays live bids and offers moving up and down on a central price column. Large tick sizes eliminate noise and make short term scalping viable, creating highly liquid markets with zero trading fees.

The founder of WhyLose.com is a Technical Advisor at Digitex Futures.

Free Forex eBooks Download Join Now

Proudly powered by Carlyle and Day - FX Managed Funds And Trading Consultancy Services Since 2002. Social Trading Solutions by Lion Asset Management.