Comment on the situation on a market 05.03.14

Euro will continue to decrease

EURUSD hit the local maximum recently and is quite “expensive” not to disturb Euro Zone economic recovery. Announcement by French Government saying that high Euro does no good for French economy just prove it.

In case American ADP non-farm data will be better than expected today it will be possible to expect rapid decrease of EUR against USD, what is more, USD will get another stimulus for growth.

At the same time if ECB president Mario Draghi will mention something about new Euro Zone support incentives it will have a massive negative impact on Euro currency which might drop down to 1,3645.

Semen Kamensky​