Which event do you think will move the Euro next?
- Thread starter Rambo35
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Just a heads up...
Forex rollover charges in Euro pairs have [URL deleted]surged since yesterday.
A look at interbank forward markets shows that holding Euro short positions versus the US dollar and Japanese yen has become exceedingly expensive since yesterday.
Those forward rates showed that traders could earn interest rate credits in holding EUR/USD-short positions just yesterday. Yet a sharp shift now means that being short EURUSD is now at its most expensive since a similar spike in borrowing costs at the end of last month.
Source: Bloomberg Generic Price - “Consensus” Pricing
Forex rollover charges in Euro pairs have [URL deleted]surged since yesterday.
A look at interbank forward markets shows that holding Euro short positions versus the US dollar and Japanese yen has become exceedingly expensive since yesterday.
Those forward rates showed that traders could earn interest rate credits in holding EUR/USD-short positions just yesterday. Yet a sharp shift now means that being short EURUSD is now at its most expensive since a similar spike in borrowing costs at the end of last month.
Source: Bloomberg Generic Price - “Consensus” Pricing
I think ECB Press Conference in July will move euro big time. Usually July and August is volatile for forex market.
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