Are you investing in the EUR/USD? Here is what you should keep in mind at the moment.
There is a lot to take into account at the moment. Here are some of the most important factors influencing the most popular currency pair in the world.
- Greece. Any news concerning the Greece situation might influence Euro – e.g. yesterday we had some news concerning Germany’s deal of aid. But any unexpected information concerning the negotiations (positive or negative) with the Greek government might show up any moment.
- FED. Higher interest rates are getting closer and closer. It is even possible that they will rise in the upcoming FED meeting (16-17 June). This could drastically change the EUR/USD situation
- USA Market data. Today (June 11 2015) Retail Sales, Initial Jobless Claims and Export/Import Price index. Better than expected data could strengthen US Dollar.
- In the long term EUR/USD is down 18% in 1 year.