OctaFX | OctaFX Forex Broker
    Anmelden
      Konto eröffnen
      Back

      EUR/USD forecast: eyes on the dollar – Commerzbank and Rabobank

      FXStreet (Edinburgh) - EUR/USD is extending the leg lower from Friday’s tops near 1.1450 to the current 1.1170 area amidst a continuation of USD strength.

      Karen Jones, Head of FICC Technical Analysis at Commerzbank, argued “following the rejection from the 1.1468 May high, the market has already eroded support at 1.1228/14 (support line, 200 day ma and last weeks low). This should be enough to alleviate upside pressure for a slide to the 55 day ma and cloud at 1.1121/24”.

      In addition, Senior FX Strategist at Rabobank Jane Foley commented, “the market has been awash with speculation of a broadened QE package from the ECB since ECB President Draghi’s post policy meeting press conference at the start of this month. For this reason our expectation regarding the influence of interest rate differentials on the major FX cross rates medium-term remain mostly static. Consequently we retain our expectation that both EUR/USD and EUR/GBP will trend lower in the coming months towards EUR/USD1.10 and EUR/GBP0.72 on a 3 mth view”.

      EUR/USD off lows as European stocks decline

      The EUR/USD recovered from the session lows as the European stocks headed lower, ignoring the firmer performance of the Chinese equity markets.
      Mehr darüber lesen Previous

      US: Ocean of inflows pouring in – Deutsche Bank

      Research Team at Deutsche Bank, note that M&A activities in the US have surged over the last three months with inflows at USD 54bn and accelerating US inflows have come notwithstanding the recent bout of risk aversion and possible Fed rate hikes.
      Mehr darüber lesen Next
      Start livechat