日本語
Español
中文
- New York 07:48
- London 12:48
- Barcelona 13:48
- Tokyo 21:48
- Sydney 23:48
One year outlook for EUR
17
13
Euro should spend Q1 2009 getting used to current levels and consolidating between 1.2500 and 1.5000
Thu, Jan 8 2009, 17:57 GMT
by Nicole Elliott
Comment: We underestimated the need for US dollars when de-leveraging; we now feel that investors are now more carefully assessing currency needs and preferences. Having already reversed a lot of last year’s losses, admittedly in very thin conditions, we feel the Euro should spend Q1 2009 getting used to current levels and consolidating between 1.2500 and 1.5000. Late in Q2 we expect the Euro to strengthen some more, to 1.5500 and hopefully by then one-month at-the-money implied volatility will subside towards 13.00%. The real question for us is when, and at what speed, will the ultra-long term trend to generalised US dollar weakness resume. We expect the Euro to match its all-time high of 1.6040 by year-end, at the very least.
A weekly close below 1.5500 would force us to review long term outlook.
Published on Thu, Jan 8 2009, 17:59 GMT
Archive
- Euro should spend Q1 2009 getting used to current levels and consolidating between 1.2500 and 1.5000
Published On Thu, Jan 8 2009, 17:57 GMT - One year outlook for EUR
Published On Mon, Jun 16 2008, 14:09 GMT - One year outlook for EUR
Published On Wed, Jun 28 2006, 07:44 GMT
Mizuho Corporate Bank
| 1-3-3, Marunouchi, Chiyoda-ku, Tokyo 100-8210
http://www.mizuho-cb.co.uk | Nicole.Elliot@mhcb.co.uk
Legal disclaimer and risk disclosure
The information contained in this page is based on or derived from information generally available to the public from sources believed to be reliable. No representation or warranty is made or implied that it is accurate or complete. Any opinions expressed in this paper are subject to change without notice. This page has been prepared solely for information purposes and if so decided, for private circulation and does not constitute any solicitation to buy or sell any instrument, or to engage in any trading strategy.Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.