Trying again on the forecasts made a yr in the past by the DailyFX analysts, I used to be struck by the truth that 4 of us had been bearish the Euro: two towards the Japanese Yen and one towards the Canadian Dollar whereas I predicted a fall towards the Swiss Franc.
We had been all proper: EUR/JPY and EUR/CHF each dropped between late December 2018 and early September 2019 earlier than rallying later within the yr; EUR/CAD fell between December and early October earlier than recovering. For me, the foremost shock in 2019 was that the Euro didn’t fall additional, as I had anticipated the Eurozone financial system to be hit by Brexit which, in fact, didn’t occur.
Recommended by Martin Essex, MSTA
Download our Top Trading Opportunities for 2020
— Written by Martin Essex, Analyst and Editor
Be at liberty to contact me through the feedback part beneath, through e mail at martin.essex@ig.com or on Twitter @MartinSEssex