.Analysts at BCA are assuming an economic downturn for Europe early in 2025:" Our judgment of conviction that a recession will engulf Europe very early following year is actually strengthening." Pointing out: Leading worldwide growth red flags continue to deteriorateweakening financial activity aheadsteepening of the return curve, the rebound in the VIX, the ongoing weakening of hold trades, as well as the regression of item costs are all unsatisfactory omensdata softening in EuropeOn the euro: EUR/USD regularly drops substantially after bring trades have unwoundwait for the very first cost reduced from the Fed before marketing the euro.This post was actually created by Eamonn Sheridan at www.forexlive.com.