Euro will find safe haven. Forecast as of 19.01.2023
2023.01.19 2023.01.19 Euro will find safe haven. Forecast as of 19.01.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The impact of the approaching recession on the US dollar is ambiguous. Most likely, China will become a safe haven for EURUSD. The rapid recovery of Asia’s biggest economy is a good thing for the euro. Let’s discuss this topic and make […]
Upbeat China Data may Unlock more Upside in Euro and other Pro-Cyclical Currencies
The unexpected rebound of the Chinese economy as seen in the latest batch of Chinese data reinforced the idea that a hidden China economic momentum will unlock the upside in pro-cyclical currencies, including the euro. The decline in natural gas prices pushes the idea of an energy crisis deep to the sidelines causing revisions of […]
Euro teams up. Forecast as of 17.01.2023
2023.01.17 2023.01.17 Euro teams up. Forecast as of 17.01.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ China’s performance at the end of last year and at the beginning of 2023 are two different things. The recovery of Asia’s largest economy will be a boon for the export-oriented eurozone. Let’s discuss this topic and make up a trading plan for EURUSD. Weekly […]
BoE sceptical over digital pound as euro zone backs work on digital euro By Reuters
2/2 © Reuters. FILE PHOTO: A general view shows the Bank of England building, in London, Britain November 3, 2022. REUTERS/Toby Melville 2/2 By Huw Jones LONDON (Reuters) – Bank of England Governor Andrew Bailey questioned the need for a digital pound on Monday just as euro zone finance ministers backed further preparatory work on […]
Euro holds wild card. Forecast as of 16.01.2023
2023.01.16 2023.01.16 Euro holds wild card. Forecast as of 16.01.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The prospects for the global economy at the beginning of 2023 do not look as gloomy as at the end of 2022. The EURUSD bulls are actively capitalizing on this, especially since the rally potential due to the Chinese economy opening is very high. Let’s discuss […]
Morgan Stanley cuts U.S. dollar forecasts lower
The U.S. dollar is going to drop further, Morgan Stanley strategists said over the weekend as they became more optimistic about the global economy. They now see the DXY dollar index DXY, +0.20% ending the year at 98, from a previous forecast of 104. They see the euro EURUSD, -0.19% climbing to $1.15, vs. a […]
Room for the Euro to extend the move higher – MUFG
Analysts at MUFG Bank have a bullish outlook for the EUR/CHF cross, considering it could benefit from a further scaling back of fears over recession in the Eurozone. Key quotes: “After trading within a narrow range between 0.9800 and 0.9950 throughout most of Q4, the pair has broken higher in recent days as it first […]
Euro Continues to Surge as the US Dollar Wilts Post US CPI. Higher EUR/USD?
The Euro rally has been maintained today after the US Dollar was pummelled on bets that the Federal Reserve may not need to be so hawkish. Will the trend continue for EUR/USD? Euro, EUR/USD, US Dollar, US CPI, Fed, AUD, NOK, Crude Oil – Talking Points Euro support gains traction after US Dollar descent from […]
Dollar, euro hold firm ahead of U.S. inflation, ECB in focus By Reuters
© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration By Joice Alves LONDON (Reuters) – The U.S. dollar and euro held firm on Wednesday as traders assessed European Central Bank’s latest statements and waited to see whether data due this week will confirm that U.S. inflation […]
Euro Takes Centre Stage Via ECB Speakers
EUR/GBP ANALYSIS & TALKING POINTS ECB continues to dance to the hawkish tune, providing a tailwind for the euro against a more subdued GBP. U.S. CPI may provide some impetus ahead of Friday’s key UK and EZ centric data. Breakout looming on daily EUR/GBP chart. Recommended by Warren Venketas Get Your Free EUR Forecast FUNDAMENTAL […]