Euro Long Term Down Trend to Unfold
The Euro is heavily bearish long term and we expect a major downtrend to unfold. The big fundamentals are euro bearish, the economy is slowing and there will be no rate rises in the near future and the ECB have indicated rates will be cut further and stimulus will be used to help the economy. This is an act of desperation and will fail to increase growth. We have a slowing economy, high unemployment and political risks as well - Italy now has an anti-EU coalition in government and we have rising populism in France and other nations.
The Euro is heavily bearish long term and we expect a major downtrend to unfold. The big fundamentals are euro bearish, the economy is slowing and there will be no rate rises in the near future and the ECB have indicated rates will be cut further and stimulus will be used to help the economy. This is an act of desperation and will fail to increase growth. We have a slowing economy, high unemployment and political risks as well - Italy now has an anti-EU coalition in government and we have rising populism in France and other nations.