|EUR/USD (courtesy of FreeStockCharts)|
"Only a very aggressive QE from the U.S. will do the trick for the Euro. Meaning, only something so aggressive easing policy of the Fed will be bad enough for the Dollar to come down and good enough for the Euro. We think the Fed is not going to be that aggressive and we think that the Euro is going to come back down."
"But the big trades we are talking about right now is, Euro/Dollar is going to test 1.37. If we do break below that, I think we are going to look at 1.30." (Ashraf Laidi on BNN)
Here is analysis on the ECB.
"The European Central Bank, or ECB, is most likely to reverse its recent rate hikes due to weak economic outlook and fading upside risks to price stability, Jennifer McKeown, a senior economist at Capital Economics, said." (INO.com)
"If it remains a market crisis, the ECB may just give banks more liquidity but if it spreads to the real economy, they may even cut rates,” said Chris Scicluna, deputy head of economic research at Daiwa Capital Markets Europe in London." (Bloomberg)
|EUR/USD showing trend-line from 6/2010 (FreeStockCharts.com)|
|EUR/USD weekly chart (FreeStockCharts.com)|