FXstreet.com (San Francisco) - The Commerzbank Research Team is not convinced: “with the approaching ECB meeting, the question as to whether the ECB will be able to fulfill the high market expectations will take precedence again though. We see the possibility of the euro retracing its gains over the coming days.”
UBS strategic team, despite raising their one-month EUR/USD forecast from 1.20 to 1.25, maintain a longer term bullish dollar view: the dollar's dip, nevertheless, is likely to prove temporary unless the Fed resumes aggressive money printing” while they expect EUR/USD to fall to 1.15 over the next twelve months.
Overall, the long term outlook for Euro remains wary, with most banks hesitating to call a bottom ahead of the key events for next week. Seems this time, market players are the ones to take the “wait and see” stance.
UBS strategic team, despite raising their one-month EUR/USD forecast from 1.20 to 1.25, maintain a longer term bullish dollar view: the dollar's dip, nevertheless, is likely to prove temporary unless the Fed resumes aggressive money printing” while they expect EUR/USD to fall to 1.15 over the next twelve months.
Overall, the long term outlook for Euro remains wary, with most banks hesitating to call a bottom ahead of the key events for next week. Seems this time, market players are the ones to take the “wait and see” stance.
