Oil and EUR/USD in focus next week. With a new conflict forming in the already Middle East, oil prices have taken another dose of volatility, but this time mainly to the upside.
Euro manages to stay out of the full eclipse At around 1.072, the euro is seeing its strongest rebound after losing over 25% in the last eight months. After Janet Yellen’s statement in midweek the common currency seems to have found some footing and is climbing up.
EUR/USD headed for parity at the foot of the hill? Nothing else can move the euro’s fall from the headlines this week. The 1.06 level flattered to deceive as a solid support, but we currently stand at 1.052 and there doesn’t seem to be anything in sight that can halt the strong fall.