After last week's consolidation there is a clear technical hint that the Euro may test or even break the 1,40 threshold. Currently, all efforts by the European political establishment are seen positive by the markets. Nevertheless, we should keep in mind that all current plans do not really promise a solution to the crisis as excessive leveraging was the reason for the current funding crisis. A leveraged bailout can therefore only be considered a temporary solution. All eyes will be on the news expected to be released on Wednesday. We therefore consider 1,40 to 1,42 a key resistance.
Our eyes are on oil which has overtaken 91 dollars a barrel. Fundamental demand scenarios seem to support oil prices.
Abonnieren
Kommentare zum Post (Atom)
Keine Kommentare:
Kommentar veröffentlichen