EUR/USD has extended its losses and got close to support at 1.0340. Can it continue to parity? Many think so. But there is no clear consensus. Here is the outlook from Danske, which sees a trough within a month. Here is their view, courtesy of eFXnews: Short term (1-3M horizon): In the short term, on the one hand … “EUR/USD: Set To Bottom Around 1.02 In 1-Month – Danske”
Category: Opinions
USD/JPY: Dips A Buy Targeting 121 In 1-Month – Danske
USD/JPY has had a nice run following the hawkish hike by the FED but took its time to consolidate. What’s next? Here is their view, courtesy of eFXnews: The JPY has weakened sharply since November when Trump was elected as the next US president. The move higher in USD/JPY has among others been driven by risk … “USD/JPY: Dips A Buy Targeting 121 In 1-Month – Danske”
USD/JPY could stabilize in early 2017
On election night, USD/JPY traded near 101 at one point, but everything has changed since then. When this specific currency pair picks a trend, it continues for quite consistently. So far, the weaker exchange rate is blessed news for the Bank of Japan. The yen is weaker against both the dollar and the Chinese yuan, making Japan more … “USD/JPY could stabilize in early 2017”
What to expect from the FED in 2017
The Fed not only raised rates but also made an unprecedented upgrade of its interest rate path for 2017, to three hikes. This is the main reason for the dollar’s surge. The forecast for three hikes as a message that the Fed is indeed confident in the steady growth path of the US economy. However, a total of … “What to expect from the FED in 2017”
EUR/USD: Major Breakdown Underway: Levels & Targets – BofA
EUR/USD hit 14-year lows after the hawkish hike from the Fed. What’s next? Here is the view from Bank of America Merrill Lynch: Here is their view, courtesy of eFXnews: It’s been nearly a year since EUR/USD was trading this low. Last December we had enough technical evidence to go against the grain. However this time … “EUR/USD: Major Breakdown Underway: Levels & Targets – BofA”
USD Increasingly Overvalued But EUR/USD Still Set To Test
The US dollar enjoyed quite a ride following the hawkish hike. What’s next? Here is the view from ANZ: Here is their view, courtesy of eFXnews: How far and how long the dollar’s appreciation will continue is increasingly coming into focus. From a valuation perspective, the dollar is becoming increasingly overvalued. Based on relative producer prices … “USD Increasingly Overvalued But EUR/USD Still Set To Test”
The ‘Trumpflation Trade’ Is Still In Full Swing, What’s
The victory of Donald Trump pushed the dollar higher, and so did the Federal Reserve. Can this continue? Here is the view from Nomura: Here is their view, courtesy of eFXnews: The FOMC delivered the market a hawkish surprise this week, with the 2017 dots signalling three hikes next year, up from the two signalled … “The ‘Trumpflation Trade’ Is Still In Full Swing, What’s”
EUR/USD: Heading Firmly Towards Parity After Technical Breakout –
Following the Fed’s hawkish hike, EUR/USD weakened. At first, it held above the the critical level but this collapsed and the pair is already at 1.0372. What’s next? Parity is in sight: Here is their view, courtesy of eFXnews: We expect the euro to remain under downward pressure against the US dollar after breaking below key technical … “EUR/USD: Heading Firmly Towards Parity After Technical Breakout –”
EUR/USD A Sell On Rallies After Hawkish FED – Danske
In our FED preview, we laid out three scenarios, only one USD positive. Here is the view from Danske, focusing on EUR/USD: Here is their view, courtesy of eFXnews: As expected, the Fed hiked the target range by 25bp to 0.50%-0.75% from 0.25%-0.50% previously. The statement explains the hike by stronger growth in H2 16, a … “EUR/USD A Sell On Rallies After Hawkish FED – Danske”
Dec FOMC: A Rate Hike And A Modest Hawkish Surprise
The Fed raised rates and pushed the dollar higher, especially by laying out three hikes in 2017. Here is the view from Barclays Here is their view, courtesy of eFXnews: At its meeting today, the FOMC raised the target range for the federal funds rate to ½ to ¾ percent from ¼ to ½ percent. In its view, … “Dec FOMC: A Rate Hike And A Modest Hawkish Surprise”