Myopic EUR View Tops
By MarketPulse FX:
By Dean Popplewell
Investors should remember not to ignore the current economic data despite the market’s obsession with events in Greece. It’s rightly so we should be concerned with developments in the periphery countries, however, becoming stubbornly obsessed with negativity and EUR short positioning is sometimes not very fruitful. It is usually during these times that can end up being the most damaging to ones portfolio. Being myopically obsessed can be expensive, right up there with lack of trading discipline. The current relevant U.S. data is likely to accentuate the slide in EUR. Today’s U.S. manufacturing, retail sales and inflation data is expected by analysts to remain relatively “modest” and still provide proof that the U.S. economy’s recovery “is slowly muddling” along. Obviously to many, coupling the releases to what’s really occurring in Europe should keep the “big” dollar looking attractive to most. Any upside surprises in the data willComplete Story »
- Original article
- Login or register to post comments
