Good day forex traders.
Do you like the new iPhone 5? While i hoped for a wider screen, the idea of one hand messaging is indeed practical. I guess you can’t have the best of both worlds ya?
In the previous EUR/USD forecast we noted the bullish spike of the EUR/USD as investors were probably pleased with the developments. German progress on the ESM was a welcome step towards Euro Zone stability.
The US initial unemployment claim came in higher than expected. This probably indicated that the labour market is still fragile.
The FOMC statement was encouraging. A round of stimulus was launched and indications were made regarding the unemployment rate. This brought back risk appetite as investors were probably pleased with the measures.
We are currently seeing a test on 1.3 due to the positive sentiments as expected. I love it when my analysis works. 🙂