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Euro-to-Dollar Week Ahead: Charts Tip Losses Ahead but Virus Slowdown Could Save Day this Week
The Euro unwound almost all of its late March rebound against the Dollar last week and the charts are warning of more losses ahead, although weekend confirmation of a broad slowdown in the continental spread of coronavirus could lift risk appetite over the coming days and possibly the Euro-to-Dollar rate too. Europe's single currency fell more than three percent last week, the most significant move to the downside since all of about a fortnight ago but not quite as large as the 4.5% gain seen in the prior week. The significant-but-also-insignificant price action last week is testament to the scale of the step-up in ... (full story)
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Everyone can see the chart, but only a few can actually read it.
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The elites think we are stupid. They are in the main quite correct.