logo |


    Your location: Home >  Forum  >  Technical index  >  Content details
    United States 2020-05-06 02:22:53

    The Euro notably diverged from sentiment-driven trade. The single currency faced heavy selling pressure amid worries about an upcoming ruling from the German constitutional court on the legality of the ECB’s emergency asset purchase program (QE).

    An outcome compromising the central bank’s response to the economic malaise triggered by the Covid-19 pandemic might translate into heavy pressure on the Eurozone’s more troubled sovereigns, like Italy and Spain. A surge in borrowing costs there is likely to broadly punish EUR.

    It might likewise sour overall sentiment. European shares are on the upswing and futures tracking the bellwether S&P 500 stock index are pointing firmly higher ahead of the opening bell on Wall Street. That ma be reversed if credit stress returns to the Eurozone, with JPY and USD the likely beneficiaries.

    Write your question...
    Please sign in first Sign up/in to comment

    There is no comment yet. Make the first one.


    Successfully published

    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.