Continued signs of slow growth around the globe continues to worry the worlds central banks as Mario Draghi added his concerns to every one else’s yesterday. Stimulus will continue in the Eurozone in the shape of cheap loans for the banks and there are genuine concerns as to when we will see the end of this gentle propping up. Markets sold off as a consequence with the DOW dropping 200 points
News that that there will be no sign of a rate increase until early 2020, extending this out from Summer 2019 sent the euro tumbling, falling to a 52 week low and the 1.1175 level before finding some support. Dollar strength has been the theme for the last few days.
With Non Farm Payroll and a good trading week under my belt, not looking to add to my position but slowly building along position in the Euro at these levels may be too good an opportunity to miss