Kayıt Tarihi: 13-Kasım-2019
Euro May Fall if Macron Extends France's Virus Lockdown
|Gönderen: 20-Nisan-2020 Saat 12:26 | Kayıtlı IP
Euro Analysis, EUR/USD, French President Emmanuel Macron,
Coronavirus¨C Talking Points
¡¡¡¡The Euro could suffer if Macron extends French
¡¡¡¡Other states may mimic second-largest Eurozone
¡¡¡¡EUR/USD broke out of compression zone but gains could
¡¡¡¡Initially, crude oil prices and US equity futures
pointed higher after OPEC struck an historic production
cut agreement over the weekend. However, what appeared to
be a flicker of optimism initially quickly deteriorated
into a risk-off tilt as growth-oriented assets turned
lower. Asia-Pacific equities were generally mixed while
the Japanese Yen edged higher against its G10
counterparts.To get more news about
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news official website.
¡¡¡¡Euro Eyes French President Emmanuel Macron Easter
¡¡¡¡The Euro may fall if French President Emmanuel Macron
hints at extending the lockdown to curb the spread of the
coronavirus. The prospect of a prolonged period of weaker
consumption and higher unemployment because of shelter-
in-place orders in the second-largest Eurozone economy
could send a chilling message across the region.
¡¡¡¡Other states may follow out of concern that a
premature opening could risk a second wave of contagion.
While Eurozone finance ministers were able to make some
progress on a unified agreement for stimulus, additional
may be needed if the shelter-in-place orders are
extended. The main elements of the emergency package
include revised credit lines from the ESM and a new 100
billion euro unemployment insurance policy.
¡¡¡¡But the debate on how to deal with spending and
structural issues after the coronavirus crisis is dealt
with remain at the back of everyones minds. Learn more
about market-moving political rifts here.
¡¡¡¡EUR/USD Price Chart
¡¡¡¡EUR/USD has broken above resistance labelled as
¡°Downtrend Alpha¡± and out of the compression zone.
However, the victory for Euro bulls may be short-lived as
the pair mounts to challenge former support-turned-
resistance between 1.0981 and 1.0989. If EUR/USD
capitulates, it may instill a sense of discouragement and
pressure the pair to retesting support at 1.0783.