Does dollar need a revolution?

in #usd • 4 years ago (edited)

The dollar smile theory is again discussed in Forex
The rules are unable and the ruled ones are unwilling. The EUR/USD pair seems to be reaching a revolutionary stage which may lead to unexpected results. The buyers of the S&P 500 and the euro are losing the faith in the V-shaped recovery of the US economy, or a soon victory over COVID-19. Besides, such factors as the huge fiscal and monetary stimulus provided by the EU and the ECB have been already priced in the major currency pair. The bulls need good news or fresh drivers to be encouraged to buy, but such drivers are not always provided. Bears are not willing to ahead without being confident in the second wave of the pandemic or the escalation of trade wars. Is there coming a revolution?
V-shaped recovery of the US economic surprise index

291.jpg

For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts-opinions/does-dollar-need-a-revolution/?uid=285861726&cid=58534

4 years ago in #usd by
$0.00
    Reply 0

    Coin Marketplace

    STEEM 0.19
    TRX 0.15
    JST 0.029
    BTC 63525.38
    ETH 2645.15
    USDT 1.00
    SBD 2.76