Although it seems irrational, the market sentiment is that, with the Fed's large injection of liquidity, several vaccines in the third test phase and the uncertainty of the American elections approaching, the dollar no longer seems like a safe haven.
Although the fundamentals point to a faster recovery in the United States and due to the injection of money by the Fed there is a chance of an increase in inflation and, consequently, in interest rates which would lead to a stronger dollar (carry trade).
However, in the short term, capital flows (CoT) and market sentiment dictate the pace, and they show us that there is a great possibility of a rally in EURUSD up to the psychological level of 1.17.
Although the fundamentals point to a faster recovery in the United States and due to the injection of money by the Fed there is a chance of an increase in inflation and, consequently, in interest rates which would lead to a stronger dollar (carry trade).
However, in the short term, capital flows (CoT) and market sentiment dictate the pace, and they show us that there is a great possibility of a rally in EURUSD up to the psychological level of 1.17.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.