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Euro seems to have lost its safe-haven status

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 24, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Outlook: Equity market players prefer to trade on sentiment about uncertainty over the usual equity market measures (earnings, etc.). The WSJ writes “Some investors have also used the oil price as a gauge of the health of the global economy, responding to downward moves by selling risky assets, such as stocks, across the board.” Oil prices are falling not because demand indicates a recession is coming, but rather because overpro-duction has generated a giant glut. It’s pretty simple Econ 101

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