Is this enough? - Forex News by FX Leaders

Is this enough?

Posted Tuesday, May 3, 2016 by
Skerdian Meta • 1 min read

The US Dollar is in broad retreat this morning. It has been losing ground the entire week last week and in the first several sessions of this week so far. It doesn´t make sense since the FED are expected to hike the interest rates this year, which will be the second time in less than a year, while the other central banks like the BOJ and ECB are considering easing their monetary polica yet again. But, this is the sentiment right now. It can shift in a blink of an eye though and the market can turn bullish so be cautious. Right now it seems a bit of overstretched technically too.

Is 1.1616 enough for EUR/USD?

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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